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…
ETF Insight
By Credo Consulting ETF Insight
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…
By Credo Consulting ETF Insight Releases
I came across the title for this week’s “The Week That Was” in an article about … what else? COVID-19 … BTW – Should we not soon start calling it COVID-22? Hard to believe it will be 2 years come Feb/Mar 2022, that all hell broke lose with this once…
By Credo Consulting ETF Insight Releases
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…
By Credo Consulting ETF Insight Releases
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?…
By Credo Consulting ETF Insight Releases
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…
By Credo Consulting ETF Insight
Following on earlier posts looking at performance (and flows data) to August 31, 2021, let’s now run through some information related to iShares Canada ETFs. Top and Bottom 10 performing ETFs iShares Canada (for the month of August 2021): Of Note: India – Funny how the world works … (or…
By Credo Consulting ETF Insight
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…
By Credo Consulting ETF Insight Releases
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…
By Credo Consulting ETF Insight
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….