Market Insights - October 31, 2016

Published by Richardson Wealth Asset Management on Oct 31, 2016

Inflections and Dissonance In this week’s edition, we look how earnings season has been wrapping up. While it’s nice to see that the ‘earnings recession’ is over, there is still some sector disparity when it comes to earnings growth. Gareth also discusses... Read more
Market Insights - October 17, 2016

Published by Richardson Wealth Asset Management on Oct 17, 2016

Precursor Pressures In this week’s edition, Derek takes a deep dive into inflation. Not that there are any alarm bells, but many of the disinflationary pressures have been declining and there are some early signs of inflation. Given the negative effects... Read more
Market Insights - October 11, 2016

Published by Richardson Wealth Asset Management on Oct 11, 2016

Cyclical Yield - there is still time Bond yields have been rising recently putting downward pressure on the more interest rate sensitivity parts of the equity markets. In this week’s edition we share our analytical framework around cyclical yield, contrast... Read more
Market Insights - October 3, 2016

Published by Richardson Wealth Asset Management on Oct 03, 2016

17x Isn't Cheap - Market valuations are not cheap but not overly expensive either. - In 2016, as with most recent years, gains have come mostly from an expanding market multiple. That is not sustainable. - We could see a market multiple contraction if... Read more
Energy Update: Uranium 308s & Heartbreak

Published by Richardson Wealth Asset Management on Sep 30, 2016

I’ve lived most of my life within 10km of a nuclear reactor. I’ve never really given a second thought to the dangers; potential danger I should say. Besides having to sign a note for schools to give permission to administer iodine pills in case of emergency... Read more
Market Insights - September 26, 2016

Published by Richardson Wealth Asset Management on Sep 26, 2016

CAD/USD: Old trade getting tired? For Canadians the CAD/USD exchange rate is very important, and not just because the seasons are changing and a trip south is in the cards for many. It has a very big impact on portfolio returns. In this report we share... Read more
Beware the Shoulder Season

Published by Richardson Wealth Asset Management on Sep 19, 2016

We have taken our underweight energy view to an even more material underweight in the past few weeks. In this report we highlight our concerns heading into the shoulder season. Click HERE for the report Read more
Market Evolution - the only constant is change

Published by Richardson Wealth Asset Management on Sep 12, 2016

The market is an ecosystem, a community with many participants interacting with each other and the environment itself. This makes change the only constant. In this report we discuss how the markets have changed over time and the causes or recent change... Read more
Market Clock - what time is it?

Published by Richardson Wealth Asset Management on Aug 29, 2016

The market clock framework is a key input into our asset allocation and market outlook. This is a corss-disciplinary approach incorporating rates, fundamentals, momemtum, valuations and economic models. Currently the model continues to favour a continuation... Read more
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