U.S. Inflation Cools, Rates Remain Unchanged
Dear valued client,Markets reached new all-time highs (again) this week following U.S. inflation figures. The CPI came in at 3.3% south of the border in May (compared to 3.4% in April and 3.5% in March). Despite cooling inflation, the Federal Reserve remains cautious. Interest rates held steady at a 23-year high of 5.25%–5.5% for the seventh […]
Canada Cuts Interest Rates
Dear valued client,The Bank of Canada cut interest rates this week and markets responded positively. Rates were reduced for the first time in four years, down from 5% to 4.75%. This decision marks a turning point after rapid rate hikes and significant inflation. Governor Tiff Macklem cited easing inflation as the reason for the cut, […]
The Most Important Work You Can Do
Dear valued client,Despite markets dropping slightly this week, optimism was demonstrated on the consumer side of the economics equation as consumer confidence rose for the first time in four months, with the Conference Board’s monthly index showing an increase from 97.5 in April to 102 in May, surpassing economists’ estimates. The expectations index, reflecting the short-term outlook for […]
Time to Date a Robot?
Dear valued client, Markets finished relatively flat this week despite Canada’s inflation rate cooling in April with a reported CPI of 2.7% (down from 2.9% in March and 2.8% in February) and is now within the Bank of Canada’s 2% target range for the fourth consecutive month. This trend suggests the BofC may begin cutting interest rates […]
Wait… More Taxes?
Dear valued client,Markets rose yet again this week after the release of encouraging inflation figures. The consumer price index (CPI) in the U.S. came in at 3.4% in April (compared to 3.5% in March and 3.2% in February), still above the Fed’s 2% target. However, this new data potentially sets the stage for an interest […]
The Beginning of the End?
Dear valued client,Markets rose again this week to new all-time highs. Even Apple’s stock faired well despite their disastrously-received new ad. The unveiling of its new iPad Pro through an ad titled “Crush!” has sparked widespread criticism and raised concerns about the company’s marketing strategy. The commercial, featuring a hydraulic press crushing various creative objects, drew […]
Domesticate your Emotions
Dear valued client, Markets rose again this week after the Federal Reserve opted to keep interest rates unchanged for the sixth consecutive time on Wednesday, holding steady at a two-decade high of 5.25-5.5%. Chair Jerome Powell reiterated that rate cuts would only be considered in the presence of improved inflation data or unforeseen weaknesses in […]
TikTok is on the Clock
Dear valued client,Markets showed resilience this week, finishing in positive territory despite twin pressures of lingering interest rates and heightened geopolitical tensions. Big Tech kicked off its Q1 earnings season with mixed results. Tesla reported a notable downturn in revenue and profits compared to previous periods, with revenue dropping to $21.3 billion and profits hitting a six-year low. […]
Bulls Want Firm Ground
Dear valued client,Markets reacted negatively to more conflict in the Middle East this week. Geopolitical tensions create uncertainty for investors and markets will likely not feel bullish again until diplomatic relations are on more firm ground. Iran’s unprecedented barrage of over 300 drones and missiles aimed at Israel initially sparked fears of a wider conflict. However, Israel’s defense […]
Postponement of Rate Cuts
Dear valued client, The U.S. CPI report indicates an uptick in consumer prices, resulting in markets finishing in red territory for the week. Inflation came in at 3.5% in March (compared to 3.2% in February and 3.1% in January). These figures surpassed expectations, prompting concerns among investors who now anticipate a delay in interest-rate cuts. […]
