Published by Richardson GMP on Feb 04, 2019
In this week’s Ethos we finally take a break from economic and market analysis, because the market appears to be much happier in 2019 (so far). Instead, we have shared some thoughts on the value of advice.... Read more Published by Richardson GMP on Jan 28, 2019
In this week’s Ethos we take a look at this earnings season and also analyst estimate dispersion. It seems dispersion is currently at historical low levels, with most analysts estimates clustered together.... Read more Published by Richardson GMP on Jan 21, 2019
Demand is waning in Canada’s hottest real estate markets; sales dipped -32% in Vancouver and -16% in Toronto in 2018. Discouraging as this may be, it seems that Canada isn’t alone.... Read more Published by Richardson GMP on Jan 14, 2019
This week’s Ethos is a bit more on the economic side, looking at Canada. The data has been moderating, which appears to be the theme for most economies of late.... Read more Published by Richardson GMP on Jan 08, 2019
In this week’s Ethos we take a look at valuations. The markets have become rather compelling from a valuation perspective and if you believe a global recession is not on the near horizon, this is an opportunity.... Read more Published by RGMP Asset Management on Dec 31, 2018
In this final edition of Ethos for 2018, we thought we would highlight some of our favorite editions.... Read more Published by RGMP Asset Management on Dec 17, 2018
We usually don’t put too much stock in simple market comparisons, but there are many similarities between 1998 and today. Slowing emerging markets dragging down global growth, roughly year 9 of a bull market, the list goes on.... Read more Published by RGMP Asset Management on Dec 10, 2018
Loss aversion dictates we feel the pain of losses more than the pleasure from equal sized gains. Given this, checking in on portfolio performance too frequently can actually be emotionally draining and often lead to poor decision making.... Read more Published by RGMP Asset Management on Dec 04, 2018
In this Ethos we discuss the January effect, one of the more reliable seasonal patterns. One contributing factor for this pattern is tax loss selling in Canada. This can easily be seen in the Dogs of the TSX which seem to experience it more.... Read more Published by RGMP Asset Management on Nov 26, 2018
Valuations have contracted considerably this year given the recent market sell-off and continued positive earnings growth. In this Ethos we take a look at the compressing market multiple plus some insights into relative valuations.... Read more