The Alain Daaboul Group

2024: Return to Normality

January 10, 2024 |Alain Daaboul

2023 exceeded the expectations of even the most optimistic investors, with the U.S. market rebounding by 24% thanks to the technology sector, and the Canadian market by 8%. Most of the growth has occurred in the last two months, fueled by hopes that interest...

2023: Time to Revisit Bonds

November 30, 2023 |Alain Daaboul

Since our last commentary at the beginning of September, our scenario of a slowdown in the economy is now accepted by the market. After falling in September and October, the market rebounded strongly in November. Investors celebrated the latest economic...

2023 : How to cope with an economic slowdown

September 14, 2023 |Alain Daaboul

The first 8 months of the year were very different from the previous 8 of last year. A year ago, investors had a very negative outlook, fearing inflation that was close to 8%, as well as a looming recession. We disagreed and believed that inflation would...

2023: Inflation Will No Longer Be the Main Concern

January 12, 2023 |Alain Daaboul

The year 2022 was a very difficult year for the financial markets; however, our portfolios outperformed their respective indexes by 10% to 15%. Equities fell by more than 15%, their worst year since 2008, while Fixed-Income fell by more than 10%. It was...

Waiting for inflation to slow down

October 03, 2022 |Alain Daaboul

The third quarter was similar to the first two. It had started well. U.S. equities rose 14% from early July to mid-August, but closed down 5%. This was the first time since 1932 that a quarter had ended with a negative performance after rising more than...

A War Amongst Inflation

July 14, 2022 |Alain Daaboul

The first half of 2022 has been very different than investors’ expectations. Global equities suffered, falling by 18%, the worst first half since 1970, while Fixed-Income lost 13%. This is the first time since 1928 that the two major asset classes have...

As Equities Rise, Pessimism Follows

January 18, 2022 |Alain Daaboul

The year 2021 was a very good year in the financial markets and our portfolios had their best performance of the past few years. This performance hides inequalities between various markets. North American markets did well due to commodities and large...

A New Vaccine Brings Hope and a Bubble Along With It

February 24, 2021 |Alain Daaboul

Since our last report early November, the mood in the financial markets has changed. Fear has been replaced by great confidence, supported by the results of the United States election, vaccines, and corporate earnings. Part of the massive liquidity held...

Uncertainty is in the Air: U.S. Election Day and Covid Cases Rise

November 03, 2020 |Alain Daaboul

Financial markets have dropped nearly 9% since their high two months ago and have retracted to June prices. During this period, our portfolios did much better. Our outperformance can be explained by changes made in recent months. Currently, we hold mostly...

Canadian Tire Stock Analysis (CTC.A)

September 24, 2020 |Alain Daaboul

Canadian Tire (CTC.A) is our largest holding in Canada. I started buying it two months ago. In January, I didn’t recommend owning it, even though it was an interesting story in the long-term. The stock was trading at $140 and I had sold it 2 years prior...

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