Published by Brett Gustafson on Jun 14, 2021
The bond market appears relaxed and whistling as it walks past the spiking inflationary data (aka the graveyard). In this Ethos we share both sides of the argument on higher or lower inflation going forward, plus of course our views. Click HERE Read more Published by Brett Gustafson on Jun 07, 2021
In this month’s investor strategy we tackled the debate as to whether or not the recent spike in commodity prices is the early innings of a commodity supercycle. Market recap – True North strong & free Asset Allocation – Market cycle & positioning Fixed... Read more Published by Brett Gustafson on May 31, 2021
In the long run, currency is usually a zero sum game. In the shorter term it can have pretty big impacts on portfolios. In this Ethos we share our updated views on the recent strength of the CAD. While it may not be over, the factors pushing the CAD higher... Read more Published by Brett Gustafson on May 25, 2021
Imagine there’s rising yields, it’s easy if you try. What would happen if longer bond yields rose to 4 or +5%? What would it do to your home value, your portfolio value? While not our base case scenario, this risk is higher now than it used to be. And... Read more 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