The North American economies have experienced a steady recovery and expansion since the “great recession” of 2008-2009. In recent years, most major economies have joined in, providing a current landscape... read more →
This most recent quarter has seen the continuation of synchronous global economic growth. This expansion is supported by increasing evidence that previously struggling emerging economies, such as Brazil and Russia... read more →
Financial markets around the world are currently being pulled in opposing directions. The rise of political nationalism in the developed world continues to weigh in on global equity and fixed... read more →
The rise of populism, culminating in the surprise win of Republican presidential candidate Donald J. Trump last November 8th, has already made a significant impact on both the fixed income... read more →
During the recent summer months, equity markets made steady progress in a relatively serene trading environment. This reflected a stable outlook featuring slow but steady economic growth ahead for the... read more →
In late June, voters in the United Kingdom (UK) voted 52% in favour of leaving the European Union. This result defied the polls and surprised investors. Global equity markets evoked... read more →
The most recent quarter yielded more volatility in both North American and global equity markets. Despite steady growth in the United States, Western Europe and China, equity markets remain under... read more →
Over the past year, the financial markets bore witness to the unwinding of the decade long commodity super-cycle. As a result, energy and base metal prices were hit hard, with... read more →
For investors, the summer months have been plagued with increased volatility in global equity markets caused by macro environmental factors. The abating Greek fiscal crisis was followed by concerns over... read more →
Periodically, we are asked if we approach our investment analysis from a “top down” (macro view) or “bottom-up” (company specific) orientation. Our answer to this is: we prioritize the “bottom-up”... read more →