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
Market Ethos - Don't bet on the recent rally Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Aug 23, 2022 Investing is NOT gambling; done right, it involves thoughtful portfolio construction – incorporating objectives with capital market assumptions influenced by the current environment and expectations going forward. But sometimes gambling is afoot in the... Read more
Market Ethos - Filtering forecasts Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Aug 16, 2022 Investors often look for a playbook, a way to help guide them through times of uncertainty. History is often used to write that playbook. However, markets are just like any sport – rules change, equipment improves, and what worked best in the past may... Read more
Market Ethos - Why is the market so happy? Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Aug 10, 2022 The tech tilted NASDAQ has risen +20% since mid-June. Still materially down on the year, but a 20% rise over seven weeks is both significant in the size of the advance and duration. Other markets, which were not down as much, have also risen nicely. S&P... Read more