Blog

While preparing to write this commentary I reread a version that was sent to clients exactly three years ago. In the fall of 2016 I wrote: “Since 2008, central bankers around the world have applied extreme and unprecedented policies to stimulate economic...

High summer in Toronto has coincided with high-water mark values for our investment portfolios. The pivot earlier this year toward a lower interest rate outlook has produced a rally in stock prices, even though the justification for the lower rates is...

The first quarter of 2019 completely reversed the fall in stock prices that occurred in the latter part of 2018. My “educated guess” that market traders had employed an “itchy trigger finger” at the first sign of negative economic data proved true. I...

The fourth quarter of 2018 brought the biggest storm of market volatility that we have witnessed in a long time. Rising interest rates in the face of some concerning economic numbers provoked investors to press the sell button aggressively. The early...

If inflation remains low despite ongoing low interest rates, then I predict the stock market stays strong. In fact, if people who have been watching this market from the sidelines jump in now...

The fourth quarter of 2018 brought the biggest storm of market volatility that we have witnessed in a long time. Rising interest rates in the face of some concerning economic numbers provoked investors to press the sell button aggressively. The early...

My emphasis on Canadian firms that get much of their revenues from U.S. businesses has helped our Canadian holdings to keep pace. Meanwhile, the sudden and welcome resolution of the NAFTA standoff bodes well for Canada going forward.

I empathize with clients who are feeling anxious about perceived growing risk levels. But in my judgment risks and opportunities remain well-balanced in financial markets.

The unfamiliar market volatility this year has many investors wondering if a day of reckoning is coming. After many years in a row of gains, isn’t a major correction inevitable, even imminent?