Market Ethos - Little trouble in big China matters Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Sep 12, 2023 China’s equity market and economy have been under pressure of late. Should we be concerned for the broader global markets and economy? Let’s dive in, starting with the China stock market. Click HERE to access the report. Read more
Investor Strategy: AI can’t rescue summer doldrums (Sept. 2023) Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Sep 07, 2023 August was a difficult month for both stocks and bonds. Rising rates tightened financial conditions and sent both asset classes into the red. At one point, the S&P 500 was down nearly 6% from the July highs. August is just the second down month this year... Read more
Market Ethos - Sometimes good news isn't good after all Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Aug 23, 2023 Markets enjoyed a great advance in June and July, thanks to a number of factors. Certainly, some hype around AI helped a few of the mega caps, but it was much more pervasive. During those two months, the S&P 500, NASDAQ, equal-weighted S&P (adjusts for... Read more
Market Ethos - Economists vs analysts Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Aug 10, 2023 Here we are again, closing out Q2 earnings season for the U.S. and Canadian equity markets. The S&P 500 is now over 84% complete and keeping with standard practice, has seen positive surprise rates of about 80%. As inflation has continued to be a positive... Read more
Investor Strategy: Summer has flown by (August 2023) Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Aug 04, 2023 Time often seems to slow down during market sell-offs or corrections, as the volatility creates a more news-filled world. On the flip side, when markets keep going up, time flies. So, if you are wondering why this summer seems to have flown by quickly... Read more
Market Ethos - Special FX Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jul 25, 2023 At the beginning of the year most strategists expected a couple things: recession to soon materialize and the Fed to stop hiking, pivot mid-year, and then aggressively cut in the second half leading to U.S. dollar weakness. None of that really materialized... Read more
Market Ethos - Style Post-Mortem: Learnings from 2022 Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jul 19, 2023 In 2022, we had a positive opinion and tilted towards the value/dividend factor among equity holdings in our multi-asset model portfolios and, subsequently, a rather negative opinion on the growth factor. That worked out really, really well, adding a... Read more
Market Ethos - Labour market still strong Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jul 11, 2023 Well, it looks like AI (artificial intelligence) has not replaced everyone’s job just yet. Last week saw a surprisingly strong ADP employment report of 497k – double what economists were expecting. Then, on Friday, the U.S. Department of Labor reported... Read more
Investor Strategy: Mid-year check: Everything ‘K? Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jul 06, 2023 At the moment, it appears both the economy and markets are K shaped. Take the economy; some aspects are going really well. Spending on services remains robust, thanks to pent-up demand and still resilient labour markets. Meanwhile, manufacturing and other... Read more
Market Ethos - Dancing sober rarely lasts Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jun 28, 2023 If the punch bowl is stimulus, it is safe to say that over the past number of years the market has become rather hooked on this sweet, intoxicating elixir. Quantitative easing, rate changes and twists all had pretty big impacts on stock prices, both up... Read more