Market Ethos - Draining the Punchbowl Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Nov 08, 2021 This week we have a look at fiscal and monetary stimulus and the changes already underway. Will this be like the last “taper tantrum”? (Hint: it won’t). Quantitative easing made its way directly into the economy this time, unlike the last taper where... Read more
Investor Strategy - Inflation Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Nov 01, 2021 In this month’s Investor Strategy: Market Recap - Who’s afraid of October? Asset Allocation - Steady & sticky Equities - Inflation protection Fixed Income - Higher and flatter Portfolio Construction - Protecting the purchasing power of your portfolio... Read more
Market Ethos - G ‘n’ R Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Oct 25, 2021 This week we have a look at the factors that discount the future into today’s equity prices. While Price Earnings ratios can give us a sliver of the picture, the big factors in determining those multiples comes in the form of corporate growth rates and... Read more
Market Ethos - Labour Intensity Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Oct 18, 2021 Wage pressures and why people are quitting their jobs The headline inflation should continue to come back down as supply gradually adjusts to demand, but there are now signs of wage pressures building. Of course, some may recall the wage spiraling in... Read more
Market Ethos - Brighest Before Sunset Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Brett Gustafson on Aug 31, 2021 It is not just valuations that are pointing to more muted market returns going forward. Earnings growth is slowing, monetary policy is becoming less certain, the economic data is normalizing, credit spreads are at historical lows and the VIX is low too... Read more
Market Ethos - What's next? Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Brett Gustafson on Aug 23, 2021 Investing is all about trying to figure out what is likely going to happen next. While a daunting task, sometimes what happens next is a bit easier to see. In this case, retail sales have exploded to unseen levels thanks to stimulus and changed behaviours... Read more
Market Ethos - Delta dealt a blow to oil Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Brett Gustafson on Aug 16, 2021 Oil has been coming down as the delta variant spread cools demand expectations. Yet looking past this, the demand/supply balance does appear more constructive. Click HERE Read more
Market Ethos - Peak Margins Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Brett Gustafson on Aug 09, 2021 Strong sales growth this past earnings season helped push profit margins higher, helping more than offset rising costs. As sales growth begins to slow next quarter, based on consensus forecasts, margins may drop quickly if cost pressures persist. Click... Read more
Investor Strategy - S&P 500: 9 months, 9 record highs Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Brett Gustafson on Aug 03, 2021 In this month’s Investor Strategy: Market Recap – America powers ahead Market cycle & positioning Reminiscent of the Nifty 50 Canadian Dollar China – time to get interested? Portfolio Construction – equal weight Click HERE Read more
Market Ethos - Gold has lost some of its mojo Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Brett Gustafson on Jul 26, 2021 Gold has not been reacting normally to the recent drop in real yields. In this Ethos we share our views on the yellow metal. Click HERE Read more