February Update - Strong Earnings Growth in 2024

February 23, 2024 |Kyle Sarai
Global equity markets have maintained their strong start to the year, despite investors needing to recalibrate their expectations for the timing of interest rate cuts. Recent global economic data has been mixed, whereas in the U.S. it has largely exceeded...
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January Update – How many interest rate cuts are on the table?

January 12, 2024 |Kyle Sarai
Happy new year. Market action in the first few weeks has been relatively muted, contrasting with the strong gains witnessed towards the end of last year. This moderation can be attributed to a string of slightly stronger global economic data, prompting...
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December Update - Santa Claus rally & Outlook for 2024

December 19, 2023 |Kyle Sarai
It is hard to believe, but 2023 is coming to an end. Fortunately, both global equity and bond markets appear to be finishing the year on a strong note. This strength can be attributed primarily to two factors. First, the rate of inflation continues to...
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November Update - Impacts of disinflation in the month of October

November 17, 2023 |Kyle Sarai
Thus far, the month of November is proving to be one of the stronger periods of the year with global equity and bond markets notably higher. Those gains have made up for some of the weakness witnessed during the first part of the fall. There may be a...
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October Update - The effects of rising bond yields.

October 05, 2023 |Kyle Sarai
The month of September proved to be challenging for global investors, with increased volatility and declines in prices across most sectors. Notably, the technology sector, a standout performer for most of the year, wasn’t immune as it too fell victim...
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September Update - Canadian Banks & Economy

September 11, 2023 |Kyle Sarai
We hope everyone had a wonderful summer! Below, we discuss some takeaways from the recently reported third quarter results of the Canadian banks, with a particular focus on their implications for the Canadian economy. Recent signs of a cooling Canadian...
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July Update - Mid-Year Review

July 05, 2023 |Kyle Sarai
We hope everyone had a wonderful Canada Day long weekend. It’s hard to believe, but the first half of the year has come to a close. While it’s been eventful, one could argue it’s been relatively dull compared to the year ago period. Interest rates are...
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June Update - Canadian Bank Earnings & Outlook

June 02, 2023 |Kyle Sarai
Investors have been predictably preoccupied with the U.S. debt ceiling. Fortunately, a deal has been agreed upon with a bill being passed by Congress that buys the U.S. sometime before it is likely to resurface yet again (in 2025). This has allowed most...
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May Update - Countdown to the U.S. debt ceiling deadline

May 19, 2023 |Kyle Sarai
Over the past few weeks, the U.S. debt ceiling has been front and centre. While it hasn’t resulted in significant volatility beyond certain segments of the U.S. government bond market, it remains a near-term risk demanding swift resolution. Our bigger...
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Mid-April Update – Inflation trending downwards

April 15, 2023 |Kyle Sarai
Volatility remains relatively subdued as the concerns about the banking sector that arose in early March have subsided, for now. With that in mind, some of the fundamental issues that had been front and centre over the past year have understandably come...
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