Provisus Monthly Insight – March 2017
CANADIAN STOCKS IN GREAT SHAPE – Why are investors still waiting for a correction? Some investors would like to see a pullback to cool off the white hot equity markets, but they may have to wait a little longer. This is because without a yield curve inversion there will be no correction. This mantra remains as true today as it did 47 years ago. The yield curve is one of the most reliable economic indicators and one that savvy market watchers always keep on their radar. Sure this bull market may be long in the tooth, but the Canadian stock market just reached its first all-time high since 2008.
Click here to read more: Monthly Insight – March 2017 – Canadian Stocks in Great Shape
DM Monthly Newsletter – February 2017
EQUITY MARKETS DON’T PLAY POLITICS – As everyone knows, 2016 was marked by two significant and entirely unforeseen political events: the decision of Britons to leave the EU (via the “Brexit” vote) and the election of Donald Trump as the 45th President of the United States. Throw in early year worries about a slowdown in China, further deterioration in Middle East conditions, and simmering Russian belligerence and the stage was set for a spike in equity turbulence.
Click here to read more: DM-Monthly-Report-Feb-17
Cardinal Quarterly – Jan 2017
Market Outlook – After a weak 2015 and a dismal start to 2016, global markets ended up doing reasonably well with Canada being a star performer. The fact that oil prices increased by 70% from their 2016 lows certainly helped, but so too did the continued strength of the U.S. economy. This allowed the market to shrug off concerns of slowing Chinese growth earlier in the year as well as surprise negative events like Brexit. Markets even jumped after Donald Trump’s election victory even though up to the election they had been falling every time he inched ahead in the polls. There is a saying that bull markets climb a wall of worry as they move higher and 2016 certainly fits the bill.
Click here to read more: Cardinal Quarterly – January 2017
Provisus – Investment Review Q4 2016
MARKET COMMENT – Dramatic twists and turns in politics, economics and finance have turned 2016 on its head. Extreme events have bombarded investors virtually every day of late but thankfully they appear to be isolated occurrences. Still, the potential blight on the global economic and financial markets (i.e. political uncertainty; the steep increases in bond yields; a potential hard landing in China; and trade wars) could be looked upon with trepidation during the next year. This would be a very wrong outlook as a bevy of market stimulating activities are just over the horizon.
Click here to read more – Investment Review – Q4 2016
