Market Ethos - Welcome to the backside of the inflation spike Published by Dolores Jandoc on Oct 09, 2021 The common inflation narrative from the Federal Reserve, other central banks, and just about every economist has been: this is “transitory.” Rightly so, as these price spikes have been exacerbated by a combination of supply chain issues, abruptly changing... 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
Market Ethos - Investors are getting smarter Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Brett Gustafson on Jul 19, 2021 Based on fund & ETF flows, investors did a much better job navigating the 2020 bear / recovery compared to past periods of market turmoil. Capitulation was not as evident and investors started buying into the recovery much sooner than normal. Well done... Read more
Market Ethos - Signal Vs. Noise Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Brett Gustafson on Jul 12, 2021 Is the recent bond market signaling slowing economic growth or is it just noise? In this Ethos we share our view on yields and outlook. Click HERE Read more
Investor Strategy - 2021 Half time Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Brett Gustafson on Jul 05, 2021 2021 is half over and given how markets have advanced, there should be a good half time celebration. In this Investor Strategy: Mid-year market recap – just keep swimming Asset Allocation – re-opening economy Asset Allocation – Market Cycle and positioning... Read more