As the vaccine roll-outs continue, expectations of an economic recovery are building. No two recoveries are exactly alike and given the staged relaxing of restrictions, no one can be certain of the path or speed of the developing return to more normal social and economic conditions. [+] Read More
here has been no shortage of optimism in the financial markets as evidenced by the recent advances in the indexes. Most recently, markets have reacted positively to the prospects of several viable vaccines which will hopefully be available by the New Year. [+] Read More
The first quarter of 2020 started off well but didn’t end that way. At the beginning of the year, we expressed concerns over the level of market valuations, rising global debt levels, international trade disputes and their effect on supply chains and business planning as well as other geopolitical tensions. Admittedly, we did not factor in a sudden GLOBAL PANDEMIC! [+] Read More
The key is to stay focused on the longer term. As Warren Buffett has stated: “The stock market is a device to transfer money from the impatient to the patient.” Conditions willultimately improve. Keep calm and carry on.
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Global geopolitical tensions have spiked since the American raid that killed a prominent Iranian general. The unrest in the Middle East just adds to other concerns surrounding global trade disputes, U.S.-China relations, South Asian border disputes, European fragmentation and decelerating economic growth, among others. [+] Read More
Global economic growth has been anemic in the expansion since the Financial Crisis. U.S. real per capita GDP has advanced at a rate of 1.5 per cent during this period, the slowest expansion rate over a decade since the 1950s. The U.S. economy has done better since Donald Trump took office, but the latest estimates are for slower growth going forward. [+] Read More
I write this outlook on the day of the federal election. While the immediate aftermath may cause some investors concern, in the long term it’s fundamentals that drive markets. Hopefully, politicians will take some concrete action to make our country a desirable destination for capital and investment. [+] Read More