History Often Rhymes
Dear valued client,Markets rose to all-time highs this week following Fed Chair Jerome Powell’s announcement of a one-quarter-point interest rate cut, bringing short-term interest rates to 4.50%-4.75%. This follows a more significant 50-basis-point reduction in September, as Powell aims to curb inflation while sustaining economic stability. If economic data supports continued stability, investors and economists […]
Unintended Consequences
Dear valued client, Markets lost slight ground this week amid a flood of big tech earnings reports. Alphabet, Microsoft, Meta, Apple, and Amazon reported strong Q3 figures. Alphabet led with $88.27 billion in revenue. However, many tech companies – Microsoft and Meta especially – face investor pushback over substantial AI expenditures. Microsoft’s spending surged to $14.9 billion, a […]
Lights Out in Cuba
Dear valued client,Markets are on track to finish relatively flat this week after the Bank of Canada cut its interest rate by half a percentage point to 3.75%, marking its fourth consecutive rate reduction. This move signals that inflation is under control, with the bank aiming to return borrowing costs to a neutral level to […]
Recycling Rockets
Dear valued client,Markets rose again this week as Canadian inflation dropped to 1.6% in September (compared to 2% in August and 2.5% in July), its lowest level in three and a half years. This sharp decline, well below the Bank of Canada’s 2% target, has prompted economists to call for a more aggressive interest rate […]
Robotaxi Unveiled
Dear valued client,Markets posted another week of gains as the U.S. inflation rate slowed for the sixth consecutive month to 2.4% in September (compared to 2.5% in August and 2.9% in July), its lowest level since February 2021. Hurricane Milton, the second major storm to hit Florida in two weeks, made landfall near Siesta Key […]
Suspended Strike at the Docks
Dear valued client,Markets finished relatively flat this week amidst worries of supply-chain disruptions and escalations in the Middle East. On the upside, the U.S. Bureau of Labor Statistics reported strong job growth in September adding 254,000 jobs, significantly exceeding economists’ expectations of 150,000. The unemployment rate decreased slightly to 4.1%. Despite earlier signs of a potential […]
Non-Confidence
Dear valued client,Markets posted moderate gains following a week of light economic news. In Canadian Parliament news, after an initial failed attempt, the Conservative Party has introduced a second non-confidence motion aimed at toppling Prime Minister Justin Trudeau’s minority government. Conservative Leader Pierre Poilievre’s latest motion accuses the Liberals of driving up housing costs, increasing taxes, […]
Deep Cut
Dear valued client,Markets posted another week of gains. In a bold move, the Federal Reserve announced a significant 50-basis-point cut in interest rates, marking the first reduction in over four years. This decision, which lowers the benchmark rate to between 4.75% and 5%, reflects the Fed’s shift in focus from inflation control to bolstering the […]
Weigh the Resumes
Dear valued client, After a week of key inflation data and a Presidential debate, markets ended in positive territory. U.S. inflation data released Wednesday showed a CPI reading of 2.5% (compared to 2.9% in June and 3% in July), bringing inflation back to 2021 levels. However, core inflation, which excludes volatile items like food and […]
Singh-Trudeau Breakup
Dear valued client,Markets were turbulent this week and slid into negative territory amid concerns of a weak manufacturing activity report and valuations in the technology sector. Historically, the stock market tends to underperform in September, though it is uncertain how it will behave this year. While the Federal Reserve is expected to cut interest rates later […]
