Geopolitical Temperature Increases
Dear valued client, Markets lost slight ground this week following the robust addition of 303,000 U.S. jobs in March, surpassing analysts’ expectations. However, as discussed previously, this is a double-edged sword in that the decline in unemployment raises concerns about potential inflationary pressures and the Federal Reserve’s stance on interest rates. While a strong labor market […]
Fallen Crypto King Sentenced
Dear valued client,Happy Good Friday. He is risen, and so have the markets, posting more gains this week.There is no doubt about Justin Trudeau’s success as a politician. His business acumen, however, was called into question again this week. Foreign leaders, including Greek Prime Minister Kyriakos Mitsotakis, have expressed interest in securing Canadian natural gas, highlighting […]
Monetary Easing on the Horizon
Dear valued client,Markets rose significantly this week with more hope of rate cuts later this year. Canada’s inflation figures came in at 2.8% in February (compared to 2.9% in January and 3.4% in December), marking its lowest level since June 2023. This deceleration, contrary to market expectations of 3.1%, offers the Bank of Canada more flexibility for potential […]
Buybacks are Back in Fashion
Dear valued client, Markets lost some ground this week as U.S. inflation saw a slight uptick in February, coming in at 3.2% (compared to 3.1% in January and 3.4% in December), surpassing economists’ expectations of 3.1%, according to the recent report from the Labor Department. This marks the second consecutive month of inflation surpassing forecasts, reinforcing […]
Apple’s 2 Billion Dollar Ticket
Dear valued client, Markets remained relatively flat this week after a terrific start to 2024. The Bank of Canada held interest rates steady this week, demonstrating a commitment to stability despite fluctuations in inflation figures. This decision marks the fifth consecutive time the central bank has opted to maintain the benchmark interest rate. Despite speculation, […]
Orwellian Online Bill
Dear valued client,Markets finished in positive territory again this week, reaching new all-time highs. After a lull in 2022-23, IPOs are on the rise again. Reddit, the platform renowned for catalyzing meme stocks, is set to go public, marking a significant shift for the company. Unlike traditional IPOs, Reddit plans to offer 75,000 of its dedicated users […]
Nvidia’s Hot (Micro)chips
Dear valued client, Markets finished in positive territory this week, catalyzed by Nvidia’s earnings. The chipmaker’s highly anticipated earnings report exceeded expectations, showcasing the impressive growth of the AI revolution. With quarterly sales soaring to $22.1 billion, a remarkable 265% increase from the previous year, and net profit reaching $12.3 billion, Nvidia’s performance solidified its position […]
Inflation Concerns, Gaza Conflict Escalation, and ArriveCan Controversy
Dear valued client, Markets declined slightly this week after a downturn on Tuesday following the release of the U.S.’s higher-than-expected inflation report. Inflation, though not as rampant as in 2022, still lingers, with prices not meeting Jerome Powell’s expectations. Consumer price index data came in at 3.1% in January (compared to 3.4% in December and […]
Will the Real ‘Satoshi Nakamoto’ Please Stand Up
Dear valued client, Markets reached new all-time highs this week buoyed by better-than-expected corporate earnings reports. Companies such as McDonald’s, Chipotle, Eli Lilly, CVS, Caterpillar, GM, and United Rentals posted strong top-line figures and the market responded accordingly. Shares of Disney, for instance, did particularly well after they announced taking a $1.5 billion equity stake […]
$54 Million for What Exactly?
Dear valued client, The Federal Reserve left rates unchanged following their meeting on Wednesday and dismissed expectations of a rate cut by March. Fed Chair Jerome Powell expressed skepticism, stating that the Fed is unlikely to have sufficient confidence in mitigating rising prices to implement rate reductions so soon but acknowledged the possibility of cuts later in […]
