Market Ethos - Mind the cap Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jun 19, 2025 One recurring discussion topic over the past few months has been the size factor — specifically what to do with small or mid caps. We have largely been avoiding the space, but thought this would be a good time to dive back in, sharpen our pencil and share... Read more
Market Ethos - Risky business Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Jun 10, 2025 Only in hindsight can you see if the market was overreacting or underreacting to a risk or opportunity. It’s easy to say it overreacted to trade policy risk, but harder to say it is now underreacting to risks or properly reacting to upside potential.... Read more
Investor Strategy: Opportunistic diversification Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jun 04, 2025 So far this year, markets have gone from being overly optimistic in the early months that trade policy would not be an issue, to overreacting to the downside, and now back to optimism. Policy could flare up again, but we do think the bigger risk is slowing... Read more
Market Ethos - Wobbly Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jun 04, 2025 The U.S. consumer has a long history of finding ways to keep spending. We believe the saying goes if they earn $1, they spend $1.20. Still, they do appear to be waning or at least losing momentum at a time when wage growth is good and the labour markets... Read more
Market Ethos - Let’s talk about yield Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on May 27, 2025 Let’s talk about yield Rising long yields are not just an American story. The long-dated bonds for many nations have been rising of late, including Canada, UK and Japan. Japan, once the land of no yield, is now getting some yield. Is this evidence that... Read more
Market Ethos - New tune or same old dance? Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on May 12, 2025 On a handful of occasions during the past 15 years, investors became excited about international equities emboldened by brief spats of outperformance against the mighty S&P 500. And in all those cases, it faded quickly as S&P ‘exceptionalism’ reclaimed... Read more
Market Ethos - Corrections come in different shapes and sizes Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Apr 29, 2025 Corrections, or periods of market weakness, experience similar paths from correction to trough to recovery. But every correction is somewhat different. The variance in duration and depth of corrections isn’t the most challenging aspect of investing. The... Read more
Market Ethos - On again, off again Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Apr 22, 2025 It’s pretty easy to characterize U.S. policy announcements over the past month as a bit of a Jekyll-and-Hyde scenario. Some days, the good Dr. Jekyll shows up, but on any given day, Mr. Hyde may show up. Markets don’t like Mr. Hyde. This policy uncertainty... Read more
Market Ethos - Making sense of nonsense Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Apr 15, 2025 Diversification is still important; it’s a message we try to reiterate as often as possible during times like these. This doesn’t just apply to stocks and bonds but to the entire allocation of diversifiers. It’s important to have some bonds, and duration... Read more
Market Ethos: Push it to the Limit Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Apr 08, 2025 Well, that was a week. In financial markets, knowing when to hold steady amid chaos often separates success from failure. The lyrics to the song “Push it to the Limit” ring true: “Push it to the limit, walk along the razor’s edge, but don’t look down... Read more