Market Ethos - Don’t say the ‘R’ word…yet Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Aug 27, 2024 Beneath the ‘carry trade’ talk, there has been an uptick in folks talking about recession once again. That will be our brief topic this week. Click HERE to access the report. Read more
Market Ethos - Patience is a virtue Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Aug 08, 2024 Marketing in the investment management industry is often focused on pieces of a portfolio that have worked out really well. Not today though. Instead, we are going to discuss perhaps our worst portfolio tilt in 2024: the use of equal-weighted U.S. equity... Read more
Market Ethos - Why it’s good to be Canadian Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jul 23, 2024 The stock-to-bond correlation is at the core of multi-asset portfolio construction, and from 2000 to 2020, it was negative. This makes the portfolio construction process much easier and allows you to enjoy decent returns with less risk or volatility.... Read more
Market Ethos - Looking for the line in the sand Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jul 23, 2024 Perhaps the market moves higher as inflation cools more, uncorking a little bit more from multiple expansion. But with each piece of news that helps the market multiple rise on lower inflation/yields, it adds to pessimism for the economy and future earnings... Read more
Investor Strategy: Second half challenges ahead Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jul 09, 2024 The trend is your friend, or so the saying goes. If this holds, the second half (2H) should be some pretty smooth sailing, given the 1H. And there is good news out there, albeit with some challenges. Here are our big highlights for the second half: Economy:... Read more
Market Ethos - Bonds-equities: Diversification is harder to come by Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jul 09, 2024 Remember the days when stocks and bonds moved more independently or even in the opposite direction to one another? Ahhhh, the 2010s – with the benefit of hindsight, it really was a marvelous time. Global equities annualized a little over 10%, and while... Read more
Market Ethos - Déjà vu Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jun 26, 2024 We are excited about further AI deployments and advances. Will markets take things too far? Absolutely, that is what markets do. So back to the question at hand. If this market has similarities to the 1990s dotcom bubble, what year is it? Click HERE to... Read more
Market Ethos - Is inflation beat? Not so fast Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jun 18, 2024 We do believe inflation is likely back to being influenced more by the economy and less by the pandemic-induced gyrating behaviors. If the economy reaccelerates, we could easily see inflation pick up again. And if the recent uptick in economic growth... Read more
Market Ethos - Everything in moderation Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jun 11, 2024 One challenge is that while portfolio construction is often based on as long a historical time period as possible, things never remain static. Markets evolve and change over time, relationships change, and the available tools in the portfolio construction... Read more
Investor Strategy: This calm won’t last Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jun 05, 2024 Maybe the summer months will see quiet markets, or maybe this lack of volatility across many asset classes is the calm before a storm. One thing is certain, gains have been good of late, and becoming or remaining defensive feels appropriate. Click here... Read more