Good day, On June 24th, the day after the Brexit outcome, we stated that the market selloff would be short lived as investors would shrug off the news as soon as the media would focus on other stories. The knee jerk reaction affected markets for a couple of days but fear was shortly replaced by.
Good day, For a number of years the Income Tax Act has allowed policy holders of certain insurance contracts to realize a number of tax benefits. Many Canadians dislike insurance or simply don’t have a need for the protection component, but nonetheless invest in such contracts due to significant tax advantages currently available to both.
Good day, A surprise “leave” vote by the British sent markets in both directions. While it’s no 2008, most equity markets are showing declines this morning with those in Europe most pronounced. The British Pound has taken a hit while the US dollar has climbed against all currencies except for the Japanese Yen. Safe haven.
Good day, A rocky week for global markets as investors wait to see the result of next week’s referendum in the UK. If the British vote to leave the European Union next Thursday we could see volatility in financial markets and currencies. On the other hand we will likely see a rally in equities and.
Good day, Along with a number of Canadian portfolio managers and consultants, a group of the PMs at Harbourfront are also responsible for providing advisory services to a national asset management institution known as Willoughby Asset Management Inc. Most recently Willoughby launched another portfolio pool, this time available to both accredited and non-accredited retail investors..
Good day, Technology shares have had a good run over the last few years but the trend has changed as of late. We have sold our tech positions in the Willoughby Investment Pool as corporate earnings in the sector have declined overall. The anomaly here is Facebook which has grown its earnings per share by.
Good day, While Fort McMurray’s oil sands plants are a distance away from the fires and therefore not at risk at the moment, production has dropped dramatically as Fort Mac residents have been evacuated entirely. It is estimated that 1 million barrels a day of production has been halted which represents roughly 40% of the.
Good day, Our top two model portfolios are the Hudson Total Mandate Portfolio and the Willoughby Investment Pool. In the Hudson portfolio we removed the US dollar hedges this week on our hedged US equity holdings and re-allocated about 15% of the proceeds to US equities without a currency hedge. Maintaining a currency hedge means.
Good day, In order to prop up economies, countries around the world have cut interest rates below 0% for some time now. Canada has not opted for negative interest rates but the Bank of Canada has stated that it could do so if absolutely necessary. As our economy shows some signs of improvement, such fears.
Good day, About a year back I wrote that the “easy money” is over. Investor hunger for oversold equities post 2009, coupled with multiple rounds of monetary stimulus, had resulted in a near tripling of the S&P500. Given the generous valuations of early 2015, I stated that future opportunities would come from specific sectors and.
Good day, The irrational broad based selling over the last few weeks included US financial stocks which dropped roughly twice as much as the US market overall. As is often the case, investors have ignored the fundamentals. Today US banks are extremely well capitalized, have strong balance sheets, and are trading at very attractive valuations..
Good day, A couple of weeks ago I wrote that oil prices have historically seen quick rebounds from depressed levels. As of this morning, in 13 trading days WTI is up $4.39/barrel or 15.9%, and Brent Crude is up $7 or 25.1%. While it’s too early to conclude that the January lows are indeed a.
Good day, Another week of market declines speared by oil’s relentless slide and continued concern that China’s economic woes will impact the world economy. Despite the broad selloff on the week, we saw aggressive buying on Thursday reminding us that investors won’t hesitate to press the buy button on any positive news. At this stage.
Good day, As expected the themes of 2015 are continuing into the New Year: China’s economic growth continues to slow; the Saudis are sticking to their guns and determined to drive the competition out of business; and the US dollar remains king. Divergence was the name of the game last year. Given the strength of.
Friends, Not many know this but on Christmas day during World War I in 1914, tired of the battle, British, German and French troops disobeyed their superiors and reached a truce. Thousands of soldiers came together and sang Christmas songs, shared stories about their families, some played football and some actually roasted pigs together. Soldiers.
Good day, Lots going on this week… on Thursday US Chair Janet Yellen suggested that despite slow global growth, the US economy has been resilient to the point that she sees inflation hovering around 2%, at least for the next year or two. She made it quite clear that the various indicators which continue to show.
Good day, U.S. Markets rebounded this week resulting in 6 positive weeks in the last 8. An exciting potential deal was announced this week between CP Rail and Norfolk Southern. We’ve purchased CP Rail on June 26th in the Hudson Total Mandate Portfolio. I’ve asked Matt to provide some details along with an interesting map.
Good day, Investors regularly try to outsmart the market but it rarely seems to work. In the past there was some benefit in keeping seasonality in mind with October particularly known as a bad month for global markets with big single day drops. On October 24th, 1929 known as Black Tuesday, a record 16,410,0301 traded.
Good day, While Mr. Trudeau has some good intentions and hopes to positively impact human rights, global political tensions, investment in infrastructure, etc., the biggest contributor to his win was undoubtedly the promise to reduce taxes for middle income earners. I’m guessing that many voters interpreted the tax reduction plan as a huge benefit but.
Good day, In June of 2014 crude oil hovered around $105/barrel and today it’s trading at just under $50/barrel, up from $45.09 in just shy of a month. With current supply levels outpacing demand and soft global economic growth, the short term outlook for oil is uncertain. At a hundred bucks a barrel companies were.
Good Day, Global markets continue to swing between losses and gains as investors look for clues to try to gauge the health of the global economy. The uncertainty surrounding the timing of a Fed interest hike has left investors confused resulting in higher volatility over the last few months. Even the savvy are contributing to.
Good day, The much overblown debate over a Fed interest rate hike is over. It’s safe to say that markets had priced in at least one quarter percent rate hike if not two. Yesterday’s decision to keep rates unchanged will likely prove unfavourable for markets in the short term. A Fed hike this week would.
Good afternoon, Markets have played tug of war over the last couple of weeks with knee jerk selloffs on fears of a global economic slowdown, followed by aggressive buying on lower valuations and positive economic news out of the U.S. All eyes are on the Fed which is scheduled to make a decision on whether.
Good afternoon, Global markets have had a rough week given oil’s continued slide and fears that China’s slowing economy will impact global growth. The S&P 500 is off roughly 6% from its May record high which fortunately is a drop in the bucket given the some 200% bull market over the past 6 plus years..
Good Day, Tuesday this week, the central bank of China changed the way it manages its local currency. The Yuan will now be fixed daily to the US dollar based on the its closing price on the previous day. Essentially China is now letting markets determine the Yuan’s value where previously the central bank controlled.
Good afternoon, While in the Okanagan this week, a lady told me that her husband was kicking himself because he didn’t buy a property in the area some 25 years ago when waterfront lots were going for roughly $50,000. How many times have you heard people say something similar? “I should have invested in Google”.
Good day, The dust has settled with the Greece situation and the Chinese government has been able to engineer a program to support its stock market. While my opinion on whether I agree or disagree with such measures is irrelevant, the actions have removed the uncertainty investors dislike and should theoretically propel the markets higher..
Good day, To say this week was eventful is an understatement. Global markets experienced volatility throughout the week given uncertainty surrounding the Greece situation and Beijing’s introduction of new regulations designed to reduce market selloff. As of yesterday the Dow is showing -1.02% on the week but up for today, and the trend is similar.
Good day, The hopes in Europe of reaching a deal for Greece last week quickly dissipated over the weekend when talks broke down. If a deal isn’t reached by midnight tonight, Greece risks being thrown out of the European Union. Banks in Greece are limiting ATM withdrawals to 60 Euros per day (approx. $83). Global.
Good day, Every morning this week I found myself checking whether or not Greek banks were still open. With the uncertainty over potential bankruptcy, Greek’s are drawing their funds at an alarming rate and the ECB estimates that the banks could run out of money by Monday. According to The Guardian, a UK publication, the.