Market Ethos - All eyes on earnings Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Oct 17, 2024 Earnings are all that matter for markets in the long run. As we head into Q3 earnings season, attention should be focused on margins given cooling inflation (a negative for sales growth) and cooling cost inflation (a positive for margins). More importantly... Read more
Investor Strategy: Navigating the fog Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Oct 15, 2024 Anticipated volatility in September didn’t come as expected. Though markets wobbled at the beginning of the month, risk appetite and optimism came back in a hurry following the Fed jump-starting its easing cycle with a 50-bps cut mid-month. With more... Read more
Market Ethos - Will China’s adrenaline shots work? Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Oct 01, 2024 The People’s Bank of China (PBOC) reduced repo rates by 20 bps, signaling similar cuts to lending, deposit rates, and existing mortgages. The PBOC also introduced several programs to facilitate stock purchases to prop up equity markets. These measures... Read more
Market Ethos - Dividends are cool again Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Sep 24, 2024 The dividend factor has been in the dumps for the past few years, and this recent catch-up is encouraging. It’s clearly not early innings, but it’s likely not late in the game, either. Valuations are still favourable, and bond yields could tick a bit... Read more
Market Ethos - Where to next? Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Sep 17, 2024 Ok, we all watched this play out over the past few years: as cash yields rose, the money started flowing. And did it ever. Billions and trillions flowed into various cash vehicles from GICs, HISAs, and money market funds. Now as yields available in cash... Read more
Market Ethos - Be prepared: Have your portfolio playbook ready Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Sep 12, 2024 Markets never move in a straight line, and there will be big oscillations, up and down, along the journey. These moves can create opportunities to add value to a portfolio by being a bit tactical, even if just around the edges. So, how can we overcome... Read more
Market Ethos - Be prepared: Have your portfolio playbook ready Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Sep 10, 2024 Markets never move in a straight line, and there will be big oscillations, up and down, along the journey. These moves can create opportunities to add value to a portfolio by being a bit tactical, even if just around the edges. So, how can we overcome... Read more
Investor Strategy - Don’t go down Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Sep 10, 2024 Could the market be running out of levers to help it move higher? Maybe. But one thing is for sure: the amount of money parked in money markets is huge, certainly encouraging the ‘buy the dip’ mentality. This has not been a sleepy summer, so either the... Read more
Market Ethos - The Energy disconnect Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Aug 27, 2024 While Canadian energy companies have proven resilient, the recent divergence between commodity prices and energy stock performance warrants closer scrutiny. Despite a notable decline in commodity prices since the quarter’s inception, energy stocks have... Read more
Market Ethos - Bond buyers can be so sensitive Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Aug 27, 2024 There are many buyers of government bonds ranging from those big central banks, pensions, insurance companies, regular banks and investors (like you and me). The proportions of these cohorts change over time for many reasons. Today, we believe the groups... Read more