Market Ethos - May 29th, 2017 Published by Richardson Wealth Asset Management on May 29, 2017 Profiting from Volume Spikes A common saying in the investment world is volume leads price. In this instalment of Market Ethos, Derek Benedet took a closer look at volume spikes and subsequent short term stock performance. While not a hard and fast rule... Read more
Market Ethos - May 23rd, 2017 Published by Richardson Wealth Asset Management on May 23, 2017 Active vs. Passive Another year of the average fund manager trailing the benchmark. This is our annual update on this debate, and we continue to see evidence that the decision to go active or passive really depends on the market and the macro environment... Read more
Market Ethos - May 15th, 2017 Published by Richardson Wealth Asset Management on May 15, 2017 Beware Calm Surface Waters The VIX, a popular measure for equity market volatility, dropped below 10 last week, a level rarely seen in its 27 year history. Volatility seems to be declining across other asset classes as well including bonds and currencies... Read more
Market Ethos - May 8th, 2017 Published by Richardson Wealth Asset Management on May 08, 2017 Do Valuations Matter? The equity market is expensive by just about every metric. In this report, we dive into valuations and how the current levels should reduce market return expectations. Read more
Market Ethos - May 1st, 2017 Published by Richardson Wealth Asset Management on May 01, 2017 Losing Loss Aversion Nobody likes to realize an investment loss and this does alter many investors behavior, carrying a negative impact on long term performance. In this edition of Market Ethos we take a look at loss aversion, what causes it and strategies... Read more
Market Ethos - April 24th, 2017 Published by Richardson Wealth Asset Management on Apr 24, 2017 The Herd There is rising evidence passive investing, mainly from ETFs, is changing the structure of the markets. We believe this is suppressing disparity between returns of individual equities. In this report we also share some analysis indicating the... Read more
Market Ethos - April 17th, 2017 Published by Richardson Wealth Asset Management on Apr 17, 2017 Let's Make a Deal After dipping last year, mergers and acquisitions are off to a record pace so far in 2017. A powerful combination of rising CEO confidence, aggregate earnings & sales growth plus friendly costs / terms on financing are driving the pace... Read more
Market Ethos - April 10th, 2017 Published by Richardson Wealth Asset Management on Apr 10, 2017 Best to be unloved There is no doubt analyst rating changes tend to move stock prices. There is also evidence that companies with the fewest buy ratings (unloved) outperform those with the most buy ratings, on average. In this edition we have taken a... Read more
Market Ethos - April 3rd, 2017 Published by Richardson Wealth Asset Management on Apr 03, 2017 Indexing Bias On the surface, most would view being added to the S&P 500 or TSX as good news for a company’s share price. Conversely, being removed as a bad omen. However, we have found the opposite to be true, with index dropouts outperforming index... Read more
Market Ethos - March 27th, 2017 Published by Richardson Wealth Asset Management on Mar 27, 2017 Good to Gooder to Goodest? For the past six months or so the US, Euro-zone, Japan and developing economies have been expanding at rates better than 1%. In this on again / off again economic expansion, this is the longest period of synchronized global... Read more