The following is a commentary written by our sub-advisors, Munro Partners, who manage a U.S. equity mandate and a global mandate for our program. They are based
As we enter a new year, we consider the following a “wish list”: lower inflation, lower interest rates, higher investment value and, last but not least, peace!
It is the time of the year when we reflect, celebrate and look forward.
Following a tougher 2022, equity and fixed income both returned positively in 2023
It has been 49 years since the launch of the first personal computer. Since then, humans have been asking the same question: When will computers and robots
Market Outlook
Equity implied volatility is in the mid-teens, suggesting a possibility that investors have become complacent. This is happening despite a
Technology is disruptive. This statement is somewhat true, somewhat untrue.
Disruptive tech of the past
Since the introduction of the personal computer in
The battle between slowing overall economic activity and stubborn inflation continues to rage in most geographies. Central banks in these regions have increased
The misdirect
Investors began the year with an extremely optimistic belief that an economic soft landing would be achieved in the U.S. with cooling inflation
The Bank of Canada and US Federal Reserve hiked interest rates this year. Many hoped that this aggressive move would cool inflation. However, this did not prove
The October U.S. CPI, as reported at an annualized rate below 4%, leads to some hope that the Fed’s hiking has been effective, and rates are close to terminal
It is December, we think about family, celebrations, food and for us in the investment industry, the investment outlook for 2023. We can attempt to predict
Recession seems to be the dominating topic for 2023. The depth of recession and what may trigger it could be different from country to country. In Canada