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Our neighbours to the south have decisively chosen Donald Trump as their next president. Regardless of how you feel about the result, the fact that it is a clear decision is good on a number of fronts.
...some of the top money managers from around the world came to speak about their investment approach, and how they see the markets and economy moving forward.
...Fixed Income managers could be described as “giddy”. There was a clear sigh of relief as they now had yield in their portfolios. Two managers opened their presentation with the words “We’re Back!”.
For the first time in over 15 years, GIC's look enticing. Here is why we don't recommend moving your portfolio to GIC's:
Inflation has been and continues to be the primary concern of the markets, and what we are experiencing is “Supply Side” inflation: lack of supply of goods, of energy, of food and services causing the increases in prices and cost of labour.
For a situation like we are seeing now, our Fight or flight instincts can compel us to take action when we feel threatened, and that usually coincides with what turns out to be the worst time to take action.
The pullback is most prominent in the tech sector. Investors are grappling with what the effects of rising rates and inflation will have on these companies. This is nothing new.
Looking forward the next few months, we are starting to see more positive signs. The data coming out is signaling that the economy has a foothold.
Lori Calvasina, RBC Capital Markets’ Head of U.S. Equity Strategy has a 10 Minute discussion regarding her concerns with the disconnect between the current market.
Below is a video I recorded discussing the elevated state of the markets and how there are three different types of companies influencing it.
