Global markets were mixed in the second quarter of 2017. The US market recorded another positive quarter, albeit half as robust as the prior quarter. European markets managed to eke out a modestly positive quarter in spite of a large decline in June following the inconclusive UK election. Asian markets were very strong due to trade in information technology and a positive election result in South Korea. Resource heavy markets such as those of Latin America, Australia and Canada were not as fortunate and generally posted negative returns in the quarter. [+] Read More
The victory of Emmanuel Macron in the French presidential election, followed by a decisive victory of his party in the legislative round, gave him control of the National Assembly, thereby reducing any near term concerns regarding the stability of the European Union (EU). [+] Read More
The media and President Trump continue their war of words on fake news and counter accusations of bias and polarized opinion. While Mr. Trump’s base support remains firm despite the deluge of negative press, investors are focussing more on economic fundamentals. [+] Read More
Contrary to the negative views expressed by the media, U.S. investors have continued to embrace the policies of the Trump administration, as evidenced by the markets’ advances. This enthusiasm has been most evident in the larger capitalized companies that would stand to benefit the most from lesser regulation and lower taxes.
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As we look back at the first 100 days of the Trump administration, we see a period filled with conflicting messages. The media has been prolific in their condemnation of Trump’s policies but the capital markets have been more sanguine. [+] Read More
If the first quarter is a harbinger of political turbulence to come, then we are looking forward to interesting times! The Trump presidency has had a rocky start with changes in tack regarding appointments and implementation of promised reforms. While new administrations do tend to have their challenges as they settle into their roles, the Trump administration seems to have had more than their share. It can only be hoped that they will find their “sea legs” soon. [+] Read More
MARKET COMMENTARY Since the inauguration on January 20, we have all been inundated by media reports on the first one hundred days of the Trump administration. While stock market participants entered the year with apparently high expectations, towards the end of this 90 day quarter there has been wavering of sentiment as the realization that not all of Trump’s campaign promises are likely to be delivered. [+] Read More
Bank of Montreal (TSE:BMO, Mkt cap 63.98B, P/E 13.05, Div/yield 0.88/3.57, EPS 7.56, Shares 651.65M), one of the “Big Five” banks in Canada, is to bundle nearly C$2 billion of prime Canadian mortgages into securities, Moody’s said in a pre-sale report on Monday.
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