Market Ethos - August 8th, 2017 Published by Richardson Wealth Asset Management on Aug 08, 2017 Unhedged While we have written a few times of late on currency, given the continued moves in the USD/CAD and a recent unwind of our currency hedge, we are back talking currency again. In this edition we share our view on the USD/CAD, how we are positioned... Read more
Market Ethos - July 31st, 2017 Published by Richardson Wealth Asset Management on Jul 31, 2017 Herd Behavior Behavioral biases, driven by human emotion, often negatively impact investor returns. In this week’s Market Ethos we share our views and work on Herd Behavior. While it would appear it is more comfortable to go along with the consensus,... Read more
Market Ethos - July 24th, 2017 Published by Richardson Wealth Asset Management on Jul 24, 2017 The Consumer Part 2: Changing Behaviors The way we spend our time and money has been changing. Selfies are a new form of ‘art’ work, more communication is done with emojis and worser grammar than ever before and shopping continues to move out of the mall... Read more
Market Ethos - July 17th, 2017 Published by Richardson Wealth Asset Management on Jul 17, 2017 The Consumer Unemployment is low, wages are rising, and confidence is high, despite ‘perfect storm’ conditions, retail sales remain somewhat subdued. In this Ethos instalment we examine the health of the U.S. consumer, and look into which industries are... Read more
Market Ethos - July 10th, 2017 Published by Richardson Wealth Asset Management on Jul 10, 2017 Oil, C$ and Yields This week is a bit of a potpourri of topics, but given the moves over the past few weeks and inquiries from clients, we thought prudent to revisit. Read more
Market Ethos - July 4th, 2017 Published by Richardson Wealth Asset Management on Jul 04, 2017 Is the Reflation Trade Back On? Bond yields rose all around the globe last week as improving data emboldened a number of central bankers to speak more hawkish. In this ethos installment we examine whether the reflation trade that worked so well in the... Read more
Market Ethos - June 26th, 2017 Published by Richardson Wealth Asset Management on Jun 26, 2017 Oil In Purgatory As we write, oil has fallen to $43.18. That is 22% lower than the high of $55.25 on January 3rd, 2017. Prices have fallen back into a bear market and we are concerned about more downside. Still, our recommendation is the same as it was... Read more
Market Ethos - June 19th, 2017 Published by Richardson Wealth Asset Management on Jun 21, 2017 Has the C$ Turned? The Canadian dollar has enjoyed a strong rally over the past month. In this edition of Market Ethos we share our long and short term views on the CAD/USD, how we are positioned and our game plan going forward. Read more
Market Ethos - June 12th, 2017 Published by Richardson Wealth Asset Management on Jun 20, 2017 Canadian Housing: Cracks in the Foundation? In this week’s Ethos we have taken a dive into the always hot topic of real estate. There have certainly been some cracks in the foundation of late including Home Capital’s woes and a drop in sales activity... Read more
Market Ethos - June 5th, 2017 Published by Richardson Wealth Asset Management on Jun 06, 2017 Market Cycle - Little Wobble The S&P 500 is up 18% over the past year, with the top 10 contributors accounting for a third of this advance. Narrowing performance leadership is another characteristic of a late bull phase of the market cycle. And while... Read more