Market Ethos - Theme of the story: Discipline Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Feb 14, 2023 Looking at a 100+ page report from a leading thematic fund management company discussing their thoughts on the big ideas for 2023, and it’s clear the future is exciting. AI, molecular diagnostics, orbital aerospace …. society is doing things that are... Read more
Market Ethos - Balancing risk(y business) and return Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Feb 01, 2023 Investing is all about balancing risk and return to achieve your long-term goals. I think everyone understands returns (especially when they're negative), but what about risk? In finance, the most popular approach incorporates the volatility or standard... Read more
Market Ethos - A warning from Wile E. Coyote Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jan 24, 2023 One of the most iconic Looney Tunes’ misadventures was the relationship between the Road Runner and Wile E. Coyote. The way the Road Runner always gets the better of the hapless coyote with his classic “Beep Beep” just as Wile E. happens to run off an... Read more
Market Ethos - Are dividends on a power play? Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jan 17, 2023 Are dividends on a power play? Canadians love hockey, and why not? On a per capita basis, we are really good, producing some of the greatest players of all time. Another thing Canadians love is dividends or, more aptly, dividend-paying companies. So,... Read more
Market Ethos - The Labour Curveball Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jan 11, 2023 Our team absorbs a lot of different economic/market views and opinions from a lot of different sources. We also do a ton of our own analysis. To put it bluntly, 2023 is lining up to be one confusing year. Inflation, the path of central banks, the economy... Read more
Investor Strategy: 2023 Outlook - Bear Market End Game Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jan 11, 2023 2023 should start off decently as inflation comes down a bit more, partially alleviating the markets’ biggest fear. Plus, a little January effect could certainly help. However, less inflation will start to accelerate slowing corporate earnings. And the... Read more
Market Ethos - The year in review: Top 10 Market Ethos of 2022 Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Dec 21, 2022 It’s that time of year again when market activity subsides, and many investors enjoy their holidays. This year we authored 39 Market Ethos publications, not including the Investor Strategy editions that come out at the start of every month. As the year... Read more
Market Ethos - Data, schmata...what's in a number anyway? Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Dec 14, 2022 This is a big week, with the release of the latest U.S. inflation number. Expectations are for year over year Consumer Price Index (CPI) to continue to drift lower, falling from 7.7% in October to 7.3% in November. This decrease is already priced in,... Read more
Investor Strategy: Santa may have come early - December 2022 Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Dec 07, 2022 We are not buying it. This appears to be another bear market rally, and maybe it even makes it to the holidays or into 2023. With the S&P back to trading almost 18x forward earnings, which are being revised lower, the more this rally goes, the less sustainable... Read more
Market Ethos - Do we believe in a Santa Claus rally? Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Nov 29, 2022 The term ‘Santa Claus rally’ is a term coined over the years for a good reason. Data back over a century reveals that December has the highest probability of any month to be in the green for the TSX and S&P 500 – 77% and 76%, respectively. The average... Read more