Michael's Blog

Investors’ eyes were focused on the Fed’s much-anticipated rate hike announcement. Although some economic projections were expected, there were some surprises. Here is the impact a new rate trajectory could have on the economy. Central banks largely stood...

As the economic front expands with sanctions, we look at the investment ramifications, including a potential “growth scare” and what that could mean for equity markets. After dropping sharply, North American equity markets have attempted to stabilize...

One silver lining to the rough January is that the air has come out of the U.S. market’s most expensive stocks. While we’ll no doubt face some more bumps in the road this year, a less acute valuation problem is a healthy development and supports our constructive...