'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
All that glitters

Published by Richardson GMP on Mar 04, 2019

In this week’s Ethos we take a look at gold. The commodity and companies have been receiving more investor attention of late. In part due to rising volatility as a potential hedging tool and with a lot of M&A among companies.... Read more
C$ Conflicting forces

Published by Richardson GMP on Feb 25, 2019

In this week’s Ethos we take a look at the Canadian Dollar. There are four major drivers of the CADs appreciation to the top performing currency in the G10 basket, up nearly 3.5% vs the U.S. dollar so far this year. This week we examine these forces.... Read more
Two canaries

Published by Richardson GMP on Feb 18, 2019

What a recovery!!! In this Ethos we share two indicators we are most focused on that could signal the end of the bull cycle. Fortunately, both of these are still encouraging for a continuation.... Read more
The trend is your friend

Published by Richardson GMP on Feb 11, 2019

This week, we are back into the markets with a report on the importance of the prevailing trend in a stock price as a determinant on how it will react to an earnings surprise.... Read more