07 Apr: Ten Years After … (Not the band …)

Ok, so it’s actually 10 years and pretty much 1 months AFTER, to be specific … AFTER what, you ask? Well after BlackRock / iShares Canada, back in 2012 took over Claymore ETFs, at the time, the second largest player in the country on the ETF front, and one that…

02 Apr: Unintended Consequences (TWTW – Mar 28-Apr 1, 2022)

Unintended consequences … Nice relief rally early in the week on account of oil pulling back, respectively heightened hopes for a cease-fire in the Ukraine … Meanwhile, Russia keeps shelling Kjiv… while we are otherwise told Ukrainian troops are pushing Russia’s army back from the area 10 year yield up…

26 Mar: 50 bps … (TWTW – Mar 21-25, 2022)

50  bps … at some  point could be in the cards … As this week, the US FED’s Jerome Powell suggested inflation is too high (or something to that effect), Bullard last week wanted 50 bps and not the 25 the market cheered; and the Bank of Canada’s Deputy Governor…

22 Mar: You might as well face it … ESG test time?

ESG undoubtedly reached Prime time against a backdrop that featured a once in 100 years Pandemic; rising concerns about inequality stoked by unprecedented levels of stimulus (monetary AND fiscal), social injustice and discrimination, as illustrated by the Black Lives Matter movement. Welcome to 2022 … With 2021 wrapping up a…

05 Mar: War & Stagflation? (TWTW Feb 28-Mar 4, 2022)

War & Stagflation? (TWTW Feb 28-Mar 4, 2022) Definition of Stagflation: Stagflation refers to an economy that is experiencing a simultaneous increase in inflation and stagnation of economic output. Stagflation was first recognized during the 1970s when many developed economies experienced rapid inflation and high unemployment as a result of an…

01 Mar: As go January & February … So too 2022?

From a focus on the implications of a full reopening – two years into a crippling global COVID-19 pandemic – including the need to remove all manners of emergency liquidity measures, respectively address inflation levels not seen in 40 years … TO … well, WAR IN EUROPE. Sadly. The implications…

25 Feb: Winds of War (TWTW – Feb 21-25, 2022)

Winds of War (TWTW – Feb 21-25, 2022) Having lied repeatedly in recent weeks regarding a pending attack on the Ukraine, Vladimir Putin ordered Russian troops to attack this week, unleashing a flurry of sanctions on the part of Western countries all appalled by this unjustifiable attack on a sovereign…

19 Feb: Typically short-lived? (TWTW – Feb 14-18, 2022)

As geopolitical concerns continue to brew in relation to the Ukraine, UBS CIO Mark Haefele opined that “Drawdowns driven by geopolitical stress events are typically short-lived for well-diversified portfolios” … Great point to keep in mind. That said, markets are obviously VERY preoccupied by this situation, with President Biden at…