Market Ethos - It's not 2008 all over again Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Mar 22, 2023 It’s fair to say that investors remember the last bear market the best; the one before that is a hazy memory, and if they have been investing long enough, the one before that is almost forgotten. This is part of recency bias. If we skip over the pandemic... Read more
Market Ethos - No crystal ball Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Mar 14, 2023 It is fair to say we spend a good portion of our time researching, thinking and talking about what will happen this week, next week, next month, and next quarter. Will inflation come back down? Is there a recession coming, and if so, how will it look?... Read more
Investor Strategy: Look through the zigs and zags Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Mar 08, 2023 Our view remains – markets can move higher on signs of softening inflation and clearly can move lower on signs of more inflation. Looking through the zigs and zags, we see the inflation data trend to the downside, just not in a straight, smooth line.... Read more
Market Ethos - Taking stock Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Feb 28, 2023 The S&P 500 is roughly where it was two years ago, around 4,000. Since then, it has visited 4,800 (+20%) and 3,600 (-10%) – clearly not a flat journey. The TSX has fared better, starting at 18,500, rising to 22,000, back down to 18,500 and then up to... Read more
Market Ethos - Theme of the story: Discipline Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Feb 14, 2023 Looking at a 100+ page report from a leading thematic fund management company discussing their thoughts on the big ideas for 2023, and it’s clear the future is exciting. AI, molecular diagnostics, orbital aerospace …. society is doing things that are... Read more
Investor Strategy: Rent this rally, don’t buy it (February 2023 ) Published by RWL on Feb 08, 2023 Despite the euphoric January market performance, we are not out of the woods yet. There was some optimism with central banks signaling a slowdown of rising rates or even a pause but there is still a good amount of time needed for those policy effects... Read more
Market Ethos - Balancing risk(y business) and return Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Feb 01, 2023 Investing is all about balancing risk and return to achieve your long-term goals. I think everyone understands returns (especially when they're negative), but what about risk? In finance, the most popular approach incorporates the volatility or standard... Read more
Market Ethos - A warning from Wile E. Coyote Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jan 24, 2023 One of the most iconic Looney Tunes’ misadventures was the relationship between the Road Runner and Wile E. Coyote. The way the Road Runner always gets the better of the hapless coyote with his classic “Beep Beep” just as Wile E. happens to run off an... Read more
Market Ethos - Are dividends on a power play? Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jan 17, 2023 Are dividends on a power play? Canadians love hockey, and why not? On a per capita basis, we are really good, producing some of the greatest players of all time. Another thing Canadians love is dividends or, more aptly, dividend-paying companies. So,... Read more
Market Ethos - The Labour Curveball Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jan 11, 2023 Our team absorbs a lot of different economic/market views and opinions from a lot of different sources. We also do a ton of our own analysis. To put it bluntly, 2023 is lining up to be one confusing year. Inflation, the path of central banks, the economy... Read more