Published by Brett Gustafson on May 17, 2021
After just about everyone spent the last few months talking about inflation, it finally started to show up in the CPI data (for the U.S. that is, Canada is out this week). Now the big question is whether this is just a cyclical uptick due to re-opening... Read more Published by Brett Gustafson on May 10, 2021
Markets are now $25 trillion higher than before the pandemic, S&P 500 earnings and the U.S. economy were higher in Q1 than ever before. Yet many industries remain in the dumps and millions of people remain out of work. In this Ethos we highlight why our... Read more Published by Brett Gustafson on May 03, 2021
This month’s investor strategy includes the usual market recap and market cycle plus a dive into real assets. Market recap – defying the odds Asset Allocation – market cycle Real Assets: Worth considering for 2020s? Real Estate – less real than you think... Read more Published by Brett Gustafson on Apr 26, 2021
This week’s ethos dives into investor sentiment. Whether measured by surveys, use of margin or fund flows, individual investors appear to be increasing active of late. While this is good news that has helped markets move higher, more often than not these... Read more Published by Brett Gustafson on Apr 19, 2021
Did the last bull market or cycle end in Q1 of 2020? There was a bear market, there was a recession. Yet, the markets today contain elevated levels of speculation, high commodity prices, record highs, frothy valuations and rising inflation expectations... Read more Published by Brett Gustafson on Apr 12, 2021
In this Ethos we dive into some of the higher frequency economic activity data which reveals the re-opening trend is rising. It also highlights that some of the pandemic induced trends are starting to reverse. Click HERE Read more Published by Connected Wealth on Apr 05, 2021
Q1 was a good quarter to be an investor, now what will the rest of 2021 hold? In this edition: Market recap – yields, value & margin calls Market cycle & portfolio positioning Currency & crowded trades Inflation stirring beneath the surface Pandemic induced... Read more Published by Alexander Tjiang on Feb 22, 2021
This week is on valuations. Yes, the S&P 500 is trading above its 90th percentile in terms of historical valuations (data back to the 30s). But the headline valuation is skewed by the valuations and weights of the mega cap tech names. About 1/3 of the... Read more Published by Alexander Tjiang on Feb 16, 2021
There is no question there are speculative waves of money moving around different markets and pushing prices these days. Case in point, Bitcoin hitting $50k. In this Ethos we take a look at money flows from the Reddit crowd to the rise of thematic ETFs... Read more Published by Alexander Tjiang on Feb 08, 2021
With bond yields trending higher as the global economy continues its long road to recovery, we have revisited our dividend framework that differentiates between interest sensitive and cyclical yield dividend companies. Having a balance, with a bit more... Read more