Central Banks on Tap
The obvious main driver of markets near term will be the FOMC meeting on Wednesday, September 21. However, the People’s Bank of China’s currency strategy... Read More →
Blog
Tuesday Market Missive – Defensives Weaken On Cue
Overall indices are in a holding pattern at elevated levels without any usual August volatility to this point in the month. With earnings winding down... Read More →
Wednesday Markets Missive
Stocks markets are currently displaying a low risk state, typical of August, with Q2 earnings coming to an end, and August holidays in full swing.... Read More →
What’s Catching Our Eye
Now that we are up almost 9% on the S&P and 7% on the TSX since the late June bottom we are assessing where we... Read More →
Markets Mondays Missive
Equity markets remain in a neutral phase longer term (monthly data). This condition, market by flat readings for the TSX and S&P has remained for... Read More →
Hedging or Reducing Market Risk is Building
Things can move in one direction far exceeding our expectations of reversion timing. Lord Keynes, though the attribution is sketchy, apparently said something about this... Read More →
Markets Monday Missive
Equity markets are currently in a monthly neutral phase, a condition that has remained for a year and a half for the TSX and a... Read More →
Stocks vs. Bonds Valuations
The major themes over the next few months impacting the markets will be China data and yuan devaluation, forward corporate earnings guidance from the bellwether,... Read More →