General

Rising gold prices: a win for miners, a boost for the TSX Materials sector.

General, Intermarket Analysis /

By comparison, the US Dollar fell 9.78%, while the Thomson Reuters/Core Commodity Index edged up 0.44%—stifled by a decline in oil prices. Conversely, global equities (MSCI ACWI) surged 19.14%, and US Government Bonds (iShares 7-10 Year Treasury) gained 4.60%. Gold shined brightly in 2025, hitting all-time highs. Gold demand stems from four primary sectors: jewelry, […]

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The harmony of doubt: are Canada’s technical and fundamental indicators in tune?

General /

International equities significantly outperformed U.S. equities in 2025, led by strong results in Brazil, China, Canada, Germany, and the UK. U.S. underperformance was driven by a weaker U.S. Dollar, differing central bank policies maintaining “higher for longer” rates, and a rotational shift away from the highly valued U.S. growth-oriented market. International equities delivered performance alpha

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High on the TSX?

General /

The S&P/TSX Composite Index advanced from Q2/2024 resistance putting the index at all-time-highs.  Materials (24.73%), Energy (18.61%), Industrials (11.33%), and Financials (7.31%) have contributed to an index return of 9.72% YTD. Relative to the S&P 500, the TSX has continually lagged US equities since Q1/2023, due to our limited exposure in the technologies sector. Financials

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Are we near a market top in US Equities?

General, Intermarket Analysis /

With supplementing information from the commodities market, yield inversion, potential widening in credit risk, and mixed market internals, it’s imperative to stay with the current trend, with the needed aptitude to adapt to trend changes. If and when the market transitions to a declining structure, signaled by descending peaks and troughs, it will do so

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Last year’s laggards become this year’s early leaders.

General, Information Technologies /

Last year’s laggards are this year’s early leaders — the S&P/TSX Capped Information Technology, S&P/TSX Capped Health Care Index, S&P/TSX Capped Real Estate Index; up 20%, 13.4%, and 10.5% respectively, compared to 2022 drawdowns of -35%, 57%, and -24%. Should the broader market continue to develop constructively, ‘SHOP’ would be an excellent portfolio addition within

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Equity markets are approaching an inflection point.

General /

The ascending price move towards the long-term average following a substantial market decline is a positive inflection point to assess market opportunities and risk. Throughout 2021/2022, the persistently strong US Dollar has been a negative catalyst for developed and emerging equity markets. The latter generally has an inverse relationship and lag developed markets on a

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The Nasdaq entered correction territory on the back of growth stocks.

General /

Major global indexes closed the week on downward pressure led by the tech-heavy Nasdaq Composite Index. In periods of turbulence for equity markets, risk-on appetite wanes as investor preferences for ‘safe-haven’ securities increase. Assets like gold, US treasuries, consumer staples, and key currencies (Japanese yen, Swiss franc, US dollar, etc.) attract global investors seeking portfolio

The Nasdaq entered correction territory on the back of growth stocks. Read More »