Apr 30, 2020 | North America, US Equities
There have been five major bear markets in the S&P since the Depression, with each one experiencing rallies along the way that turned out to be false dawns. Each of these rallies felt real at the time, and there was a solid belief that the bad news that caused the...
Mar 29, 2018 | Canada, North America
This post is taken from our March 13th weekly report. In our February Monthly we suggested selling CAD, and buying Bankers’ Acceptances (BAs), the Canadian analogue of Eurodollar futures. With ~64bps of rate rises priced in from the Bank of Canada over the next year,...
Mar 24, 2014 | Featured, North America, US Economy
One of the points we have been emphasizing to clients in recent months is that US small caps are looking increasingly less attractive compared to large caps. Small caps have benefited from excess liquidity and a belief that as the US economy recovers, smaller...
Feb 6, 2014 | Banks, European Economy, North America, Uncategorized, US Economy
Global growth has been well supported going into this year, and short-leading indicators had intimated this would continue into the latter part of the first quarter. However, data has become more mixed with some releases giving cause for concern. Some US data may...
Jan 31, 2014 | North America, US Economy
Gone are the days when financial advisory could boast the same professional stability as a well seated doctor or lawyer. Herding people through the door and offering them a standard 60/40 portfolio invested in the in-house equity and bond funds was a simple and...
Jan 14, 2014 | Featured, North America, Tactical
In October we wrote a report highlighting the bubble in Canadian housing and told clients that the currency in particular was under threat. A large current account deficit and the creeping expectations that the BoC might actually be forced into lowering rates have...
