ETF Insight

11 Oct: Surprise! (TWTW – Oct 4-8, 2021)

Surprise! The week’s surprise refers to a Blow out Jobs report in Canada, versus a US Payroll report for September falling significantly short of estimates… Volatility continues … but decreased meaningfully last week. US Payroll disappointment has a silver lining, in that bulls will look at it like less imminent…

05 Oct: Rough September? (Indeed …)

Looking at month-end data for Vanguard Canada ETFs, Aggregate Assets under Management across the firm’s 37 ETFs reflects a decrease of CAD 446 MM for the month of September. Given net estimated issuance of $990M, this implies a negative market contribution of CAD 1.44 Billion for what is historically a…

26 Sep: Chinese Bookends (TWTW – Sept 20-24, 2021)

Chinese Bookends We entered the week fearful of the contagion risk inherent in a potential default by Chinese Real Estate Company Evergrande (great name!),¬† exiting it with news that Huawei Executive Meng Wanzhou had reached a plea bargain agreement with US prosecutors allowing Canada to let her go free. The…

20 Sep: Contagion? (TWTW – Sept 13-17, 2021)

Well, as we enter a new week, Contagion is making its way back to the top of the hit parade of market concerns. This time, apparently, its called Evergrande – a Chinese Real Estate company. And if you needed anything to worry about, well, you think your mortgage is large?…

13 Sep: Breather? (TWTW – Sept 6-10, 2021)

Breather? So apparently, last week was the first week since last February that the S&P500 Index sustained declines every single day of the week … Are we taking a breather? Or is September going to live up to its reputation as generally the worst month out there for markets aside…

03 Sep: Oh … Canada (TWTW – Aug 30-Sep 3, 2021)

Oh … Canada Brian Belski, BMO’s Chief Investment Strategist¬† recently upped his targets for S&P and TSX – with CNBC commentator joking with him about buying Canadian stocks – “Do I just buy the TSX, or Cameco and let it run?” Canadian equities continue to do well – although lagging…

30 Aug: Pivot? (TWTW – August 23-27, 2021)

Pivot – Well, last week’s highlights included Quarterly reporting from Canada’s banks; the FED’s Jay Powell’s speech at Jackson Hole; and … sadly, military personnel deaths in Afganistan, against the backdrop of a Western withdrawal from the country that leaves that country, after 20 years of efforts to establish democratic…

23 Aug: Delta! Taper? (TWTW – Aug 16-20, 2021)

Delta: here to stay! Taper: on its way? Well, while it’s clear the Delta Variant is causing significant setbacks in terms of our “smooth reopening” project, as I guess it could have been called, it looks like the extreme measures deployed to counteract COVID-19 are soon to be gradually retired….