Published by Richardson Wealth Asset Management on May 14, 2015
Last week we sold our remaining shares of Apple after they posted Q2 results. With a 3.9% weight in the S&P 500, not owning Apple is a significant active bet; it is similar to owning no Telcos or Consumer Staple stocks in a Canadian portfolio. Apple is... Read more Published by Richardson Wealth Asset Management on May 12, 2015
2014 has gone down as perhaps the toughest year for actively managed funds. According to the S&P SPIVA reports, only 13% of core U.S. funds beat the benchmark and only 26% did so in Canada. In this Market Ethos report, we share our analysis and views... Read more Published by Richardson Wealth Asset Management on May 10, 2015
The U.S. 10-year bond yield has climbed from 1.90% to 2.30% during the past two weeks, before declining off today’s Labour Report back down to 2.12%. The Canada 10-year rose from 1.30% in mid-April to 1.84%, again before declining on Labour Reports down... Read more Published by Richardson Wealth Asset Management on Apr 30, 2015
The majority of the news and signals from our Market Cycle indicators have improved over the past few months. This provides additional support that the current bull market has legs. Of note is a significant improvement for indicators following the global... Read more Published by Richardson Wealth Asset Management on Apr 24, 2015
How many stocks should you own in an equity portfolio to be properly diversified? Or equally important, should an actively managed portfolio be completely diversified? We manage a number of different equity strategies and in this blog will share our views... Read more Published by Richardson Wealth Asset Management on Apr 22, 2015
The proliferation of online shopping (e-commerce) and smartphones has been the biggest disruptive change to retailing since the 1990s rise of mass merchants and club warehouses. However, the impact smartphones have had on the industry has been much less... Read more Published by Richardson Wealth Asset Management on Apr 17, 2015
As the geese return to Canada to sit on fairways everywhere, the C$ has also been showing some positive signs. To put things into perspective, the C$ dropped from about 0.95 to a low of 0.78 in March, but over the past week has rocketed higher to just... Read more Published by Richardson Wealth Asset Management on Apr 15, 2015
Security is an odd concept, it’s has been widely pursued by individuals to great nations yet it is never truly attained. The “threat” is constantly changing and adapting, “security is not a fixed unit but it is created through a process of securitization”... Read more Published by Richardson Wealth Asset Management on Apr 06, 2015
It would seem that steel stocks should be booming right about now. Cheap input costs all around the industry; iron ore prices dropping below $50 a ton, coal dirt cheap and natural gas near its lows and a U.S. economic engine is running smoother than it... Read more Published by Richardson Wealth Asset Management on Mar 26, 2015
The rails have been selling off this week, down 6% in the U.S. and 3% in Canada, which was exacerbated by Kansas City Southern (KSU) lowering guidance for the remainder of 2015. We believe the rails may lose some steam for a couple quarters as impact... Read more