2020 Q2 2020 Wrap Up Danny Popescu 07/23/2020 876 Closed Good day, The S&P500 (broad market) shot back up to January levels in Q2 on the back of central bank stimulus and better than expected unemployment numbers. Finishing the quarter, the S&P 500 (CAD) rose 15.79% and the TSX Composite gained 16.97%. However, behind the market surge triggered by governments and central banks, company valuations […] Learn more
2020 Too Far Too Quickly? Danny Popescu 06/01/2020 505 Closed Good day, The large discrepancy between the economic fundamentals and the stock market continues. While we’re pleased that equities held in our client portfolios have recovered substantially, it’s important to recognize how far forward this market is looking. Over 3 million jobs have been lost in the US, meanwhile, the S&P500 has climbed roughly 37% […] Learn more
2020 Are Bonds Safe? Danny Popescu 04/09/2020 609 Closed Good day, For years, we’ve been preaching that bonds can be extremely volatile and do not provide the “safety” that investors believe they do. Public debt markets can drop like equities and the period between February 20th and March 23rd is a good example of this. In roughly 20 trading days, traditional fixed income instruments […] Learn more
2020 Do What Others Aren’t Doing Danny Popescu 03/20/2020 570 Closed Good day, While COVID-19 continues to spread, governments around the world are taking drastic monetary measures to prop up their respective economies. This week, investors tried to comprehend the impact these events will have on global markets. While the masses did more selling than buying this week (some sales were forced sales due to margin covering), billionaire […] Learn more
2020 Opportunities Like These Are Rare Danny Popescu 03/14/2020 622 Closed Good day, Over the last couple of years, we preached the importance of being defensive. Why? Because equity markets were expensive and in some cases overvalued. It generally takes a catalyst for markets to retract and this time around it was/is the Coronavirus. How were we defensive? As I said last week, we don’t react to negative markets […] Learn more
2020 Let’s Put It Into Perspective Danny Popescu 02/28/2020 432 Closed Good day, Unless you’re hiding under a rock, you’re seeing equity markets selloff around the world. As usual, it’s uncertainty that markets hate. While the message from China is that they’re having some success in containing the virus locally, the spread in other parts of the world has worried investors. I don’t believe the market […] Learn more
