Jan 1, 2016 | Monthly Commentaries, News
“I hate to lose more than I like to win.” Larry Bird If you were watching your stock portfolio closely last month, you were reminded of just how much losing hurts. Behavioural economists postulate that the pain from loss is twice the joy of gain. While the magnitude...Dec 1, 2015 | Monthly Commentaries, News
“It is always wise to look ahead, but difficult to look further than you can see.” Winston Churchill After a difficult 2015, which saw the TSX down over 11% and jokes of the northern peso surfacing, Canadians are undoubtedly hoping for a sweeter 16. While we are not...Nov 1, 2015 | Monthly Commentaries
The topic du jour in the corporate bond world is liquidity, or more specifically the lack there of. Despite significant growth in the size of the market, it has become increasingly more difficult to buy and sell corporate bonds without moving prices. Many are quick to...Nov 1, 2015 | Monthly Commentaries, News
“The luck of the third adventure is proverbial.” Elizabeth Barrett Browning After seven years at zero and nine years since the last hike, ‘Lady Janet of Brooklyn’ is poised to move interest rates higher tomorrow. Recent history suggests that the various asset classes...Oct 1, 2015 | Monthly Commentaries, News
“Adventure. Excitement. A Jedi craves not these things.”Yoda Not so long ago, in a galaxy not far, far away, equity markets shed more than 10% of their value. It was a period of great terror and despair. Investors lived in fear of a slowing global economy and the...Sep 1, 2015 | Monthly Commentaries, News
“You can observe a lot by just watching”Yogi Berra What you observe depends on what you are watching. Those watching the Blue Jays were treated to a thrilling ride en route to their first American League Championship Series appearance in 22 years. Those watching their...
