Market Insights - December 23rd, 2016 Published by Richardson Wealth Asset Management on Mar 10, 2017 It's The Economy Stupid The Dow is almost at 20,000, bond yields have risen, the U.S. dollar is rallying. It isn’t Trump, it is the global economy. In this edition we do a quick run around the grounds and share a number of signs that economic growth is... Read more
Market Insights - January 16, 2017 Published by Richardson Wealth Asset Management on Jan 17, 2017 Capex, Where art thou? Capex, or corporate spending, growth has been missing in the past couples years. However a number of factors may be aligning to trigger a rebound. This is good for some industries, but is also good for the overall market as S&P... Read more
Market Insights - December 19th, 2016 Published by Richardson Wealth Asset Management on Dec 19, 2016 Valuations - Where to Next? Both the U.S. and Canadian equity markets are trading at about 17x earnings, mildly elevated by historical standards. In this edition we take a look at absolute valuations levels and what it means for future index returns.... Read more
Market Insights - December 12th, 2016 Published by Richardson Wealth Asset Management on Dec 12, 2016 Banks on both sides of the border The Canadian banks have been busy over the past couple of weeks. They have not only reported fiscal fourth quarter earnings but have also been making new highs. In this week’s edition, we review the quarter for the Canadian... Read more
Market Insights - December 5th, 2016 Published by Richardson Wealth Asset Management on Dec 05, 2016 Disparity Where Art Thou? Disparity among styles and stocks has remained very low during this bull market. In this edition of the weekly we discuss potential causes for the low disparity (central banks, ETFs) and the implications for portfolio management... Read more
Market Insights - November 28th, 2016 Published by Richardson Wealth Asset Management on Nov 28, 2016 Inflation Sprouts Bond yields have moved higher, inflationary economic data is up as well. Is this the end of a deflationary trade that started back in the 1980s or just another counter cyclical move? In this weekly we have shared a number of thoughts... Read more
Market Insights - November 21st, 2016 Published by Richardson Wealth Asset Management on Nov 21, 2016 Market Cycle - Solidly Late Bull In this week’s edition we have updated our Market Cycle framework and there is even more evidence we are in the Late Bull phase of the cycle. This phase typically has greater volatility, narrowing of leadership and good... Read more
Market Insights - November 14th, 2016 Published by Richardson Wealth Asset Management on Nov 14, 2016 Golden Trump Years? In this edition we take a look at the surprise response by the markets to a Trump Presidential victory. If the election result didn’t surprise you, we sure bet the market reaction did. The rally has also spurred divergent sector performance... Read more
Market Insights - November 7th, 2016 Published by Richardson Wealth Asset Management on Nov 07, 2016 U.S. Election - America Decides 2016 In this week’s edition, we discuss the investment and economic implications of a small election taking place tomorrow south of our border. Market uncertainty reared its ugly head last week, and it’s clear that the... Read more
Market Insights - October 24, 2016 Published by Richardson Wealth Asset Management on Nov 01, 2016 Rising rates - a Connected Wealth perspective In this week’s edition, we look into bond yields and how to position your fixed income securities to guard against the potential of rising rates. Given that the duration of the bond market has been rising... Read more