Margin Watch

Published by Richardson GMP on May 13, 2019

In this week’s Ethos we dive back into margins. During Q1 earnings season, margins remained stable, but we are seeing some potential headwinds as the year progresses.... Read more
The Long and Short of CAD

Published by Richardson GMP on May 06, 2019

In this week’s Ethos we take a look at currencies, specifically the USD/CAD. While the USD is rising on the flare up in trade concerns, improving global growth later this year may prove to be a positive for CAD.... Read more
KYP (Know Your Portfolio)

Published by Richardson GMP on Apr 29, 2019

In this week’s Ethos, Know Your Portfolio, we take a look at a number of different approaches to truly understand the exposures, tilts, and scenario analysis within a portfolio, fund, ETF or index.... Read more
Animal Spirits

Published by Richardson GMP on Apr 22, 2019

In this week’s Ethos we take a look at how the market’s mood, or aggregate market participant’s moods, change over time with various ways to measure. Spoiler alert, the market is in a rather good mood these days.... Read more
'Tis the season

Published by Richardson GMP on Apr 15, 2019

Earnings season is underway and in this Ethos we share some thoughts on earnings expectations, trends, the impact of the dollar and the economy.... Read more
Static vs. Tactical

Published by Richardson GMP on Apr 08, 2019

In this Ethos we explore the benefits and weaknesses of adopting either a static approach to asset allocation or one that is more tactical.... Read more
EM - Not now thanks

Published by Richardson GMP on Apr 01, 2019

Emerging markets offer attractive long term growth prospects but we currently remain underweight. In this Ethos we share the basis for our cautious view including the stage of the market cycle, global financial conditions, valuations and debt levels.... Read more
Active vs. Passive

Published by Richardson GMP on Mar 25, 2019

In this week’s Ethos we revisit this long standing debate with some updated data from S&P. Even with 2018 being a down year, passive won again. This report includes a look at style and momentum as determinant factors.... Read more
Asymmetry of news absorption

Published by Richardson GMP on Mar 18, 2019

Companies often react significantly to news. This week’s Ethos analyzed about 15,000 instances of a sudden price reaction, attempting to uncover insights into how market participants react and how quickly news is absorbed into updated views.... Read more
Moderating Faster

Published by Richardson GMP on Mar 11, 2019

The global economic data continues to weaken. In this Ethos we share our views on this trend as to whether it is the start of a global recession or a soft patch in this aging cycle.... Read more