Market Ethos - Defanging the FANGMAN Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Nov 01, 2022 2022 has not been a fun year to be an investor, an advisor, and – most definitively from personal experience – a portfolio manager. Inflation remains the market’s biggest angst, there is a potential recession of sorts on the horizon, and equity indexes... Read more
Market Ethos - No white flag just yet Published by Dolores Jandoc on Oct 25, 2022 After posting its third consecutive quarter of declines, the stock market has managed to stay slightly positive so far in October—despite bond yields continuing to climb. Both Canadian and U.S. 10-year bond yields posted new highs this past week with... Read more
Market Ethos - Uncertainty is the name of the game Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Oct 18, 2022 Last Wednesday, if you somehow had a premonition that the Consumer Price Index (CPI) was NOT going to show signs of cooling but instead surprise to the upside to bring core CPI to its highest annual pace in four decades, you would have expected markets... Read more
Market Ethos - Is the other shoe going to drop? Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Oct 13, 2022 This bear market started off in an orderly fashion. Thanks to inflation, central banks hiked rates at speeds not seen in many decades and longer yields rose quickly from very low levels. As a result, markets came down as higher rates/yields beget lower... Read more
Investor Strategy: When does the bear market end? - October 2022 Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Oct 05, 2022 Even after the strong mid-summer rally, markets were left in a slightly negative position to end the quarter. In Canada, the S&P/TSX finished down -1.4% and the S&P 500 finished slightly worse down -4.9% (USD). Market drawdowns in the US were not drastically... Read more
Market Ethos - Searching for the bottom: it's all about inflation Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Sep 27, 2022 Ok, we are not fans of seasonal trends in the market for one simple reason: it is never that simple! Nonetheless, September, which has a history of lower returns and higher volatility, is certainly giving the seasonal supporters strong evidence this year... Read more
Market Ethos - The stock-bond correlation: it's not always simple Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Sep 20, 2022 The path to maximum wealth creation is to bet the farm on one security — you just have to pick the right one. Just ask Jeff Bezos or Bill Gates. Unfortunately, making the right choice is either impossible or simply luck with incredibly impossible odds... Read more
Market Ethos - Making 'cents' out of currency uncertainty Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Sep 13, 2022 In normal times (if you can remember those), asset class volatility was a declining range from the most volatile equities to bonds to the least volatile currencies. We are not saying this relationship has changed, but with bond and currency volatility... Read more
Investor Strategy: Summer Sizzle Fizzle Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Sep 07, 2022 It seems as though the left side of the porridge (inflation) was too hot and the right side (the economy) too cool but mixing them together made things just right for a rally. Markets bounced hard off the June bottom, during summer trading that typically... Read more
Market Ethos - Let's talk about risk Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Sep 06, 2022 It’s been quite a ride. In the past three years, investors in the TSX have experienced a 37% drop over a one-month span, a subsequent 109% gain over two years, a 16% decline over three months and most recently a 10% gain in the past few weeks. These are... Read more