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
Market Ethos - Earnings riding a wave of optimism Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on May 13, 2024 Of course, the reason earnings matter so much is they are everything in the longer term. Sure, the market can move up a lot or down a lot as the optimism or pessimism about the future waxes and wanes. But all this tends to average out, leaving earnings... Read more
Market Ethos - Energy rally sustainable? Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Apr 23, 2024 Given the run-up in oil prices, Canadian oil equities have clearly benefited from the much higher torque. But there is a layer of even better news: The Transmountain Expansion (TMX) continues to look to be in operation by May, which would lead to much... Read more
Market Ethos - Don’t count out the loonie Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Apr 16, 2024 The CAD vs USD exchange rate has been on the move over the past few months, to the detriment of the loonie. After rising into year-end to finish 2023 at about 75½ cents, the CAD has fallen close to 72½ cents. That has the CAD trading near the lower end... Read more
Market Ethos - Dividend disruption Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Apr 11, 2024 The dividend space has clearly become challenging over the past year, given higher bond yields. But it isn’t just bond yields. The increased popularity of other sources of yield has certainly risen over the past number of years, from the structured notes... Read more
Investor Strategy: The importance of asking ‘why’? Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Apr 04, 2024 There was very little to complain about in Q1. Bonds were down a smidge, but really only on the longer end of the curve. Add some credit, or shorter duration and returns were roughly flat or up a bit. Hey, a boring bond market is actually kind of nice... Read more