Published by Alexander Tjiang on May 25, 2020
The pandemic has led to a recession and double-digit unemployment figures, with our service industries hardest hit as forced lockdowns rolled across the globe. With restrictions easing for businesses in North America, we are beginning to get back to what... Read more Published by Alexander Tjiang on May 19, 2020
This is a very different recession. Self induced, early policy response and with the pain so far hitting primarily services, all combine to make comparisons with past cycles much more problematic. There is good news though. Click HERE Read more Published by Alexander Tjiang on May 11, 2020
First-quarter earnings season is wrapping up with about 90% of constituents in America having reported. Canada is a little farther behind at 70%. As you would imagine, outside of firms providing video conferencing, e-commerce, disinfectant manufacturing... Read more Published by Alexander Tjiang on May 05, 2020
This week is our monthly strategy update for May, covering off markets, our thoughts and positioning. Highlights include: Fade the bounce – as the policy lift fades, we have months of bad economic and earnings data to get through. Trimmed risk – our recommended... Read more Published by Alexander Tjiang on Apr 27, 2020
In this week’s Ethos we dive in to factors such as style, size, etc. Value and small cap have not done well of late while momentum continues its run. Read More Read more Published by Alexander Tjiang on Apr 20, 2020
In this week’s Ethos we provide our updated thoughts on currency, namely the USD and USD/CAD. Plus, given our bearish medium term view of the USD, gold remains popular although the easy money may have already been made. Read More Read more Published by Derek Benedet on Apr 15, 2020
Market Ethos – Time to fade the Fed? The S&P 500 just had its best week since 1974, on the back of improving signs in the COVID-19 health data and a little $2.3 trillion stimulus from the Fed. With half the bear market drop recouped, where to next? Our... Read more Published by Richardson GMP on Mar 16, 2020
This week’s Ethos is all about the current bear market. An update on the recent drop, virus, plus thoughts on economic / earnings fallout. Also included is a dive into what happened to bond ETFs after many separated from their NAVs last week.... Read more Published by Richardson GMP on Mar 09, 2020
Futures are limit down, yields are almost gone and oil has fallen 20% this morning. In this early morning revised Ethos we provide an update on the markets, oil, the virus, our correction/capitulation indicators and thoughts on portfolio strategy.... Read more Published by Richardson GMP on Mar 02, 2020
Often the most expensive sport in the world to play is ‘bottom fishing’. But it can also be very rewarding. The markets have just experienced the fastest correction in the history of the S&P 500. Find our latest Investor Strategy piece inside.... Read more