Coincidence…?
Dear valued client, Markets posted slight gains this week in light of the fact that Nvidia, one of the largest semiconductor manufacturers and an AI vanguard, posted outstanding second-quarter earnings: $13.51 billion in revenue. This positive development was somewhat nullified by remarks delivered from Federal Reserve officials in Jackson Hole, Wyoming stating the economy hasn’t […]
Hawaii in Ashes
Dear valued client, The strong possibility of another interest rate hike pulled markets down this week. Canadian inflation came in at 3.3% for the month of July (compared to 2.8% in June). This, the hawkish tone from Federal Reserve monetary policymakers, as well as gas prices rising to their highest level since Oct. 2022, indicates […]
One Trillion… with a “T”
Dear valued client, Markets closed the week with slight losses as the U.S. July inflation report (3.2%) came in slightly higher than in June (3%). Elevated gasoline prices are the main culprit for the uptick as OPEC continues to limit its oil output. Another factor making inflation sticky is the growth in average hourly wages, which […]
The World’s New Peace Brokers
Dear valued client, Markets took a bit of a dip this week as Fitch downgraded the U.S. long-term credit rating from AAA to AA+. The rating agency noted that “repeated debt limit standoffs and last-minute resolutions have eroded confidence in fiscal management.” The downgrade appears to have affected investors in the short term, causing some […]
“X” Marks the Spot
Dear valued client, Markets added more gains this week as investors digested several economic reports. The Federal Reserve raised interest rates by 25 percentage points, marking the highest rates have been in 22 years. This did little to perturb markets as the rate increase was priced in weeks ago. Jerome Powell indicated in his post-decision […]
Grain Deal Collapses
Dear valued client, Markets continued their upward progress this week as corporate earnings season rolled on. Microsoft, Johnson & Johnson, and Charles Schwab posted stronger-than-expected revenues while Netflix, Tesla, and Goldman Sachs showed underwhelming numbers. As is always the case with short-term market fluctuations, investors’ expectations play a key role in the direction of share prices. Companies’ […]
Unrest in France
Dear valued client, Believe it or not, we are halfway through 2023. Here is how markets have performed so far this year: Dow Jones (index of 30 prominent U.S. companies): +4% S&P 500 (index of 500 of the largest companies in the U.S.): +16% NASDAQ (index of over 3000 U.S. companies with a focus on the technology […]
Putin the Paper Tiger?
Dear valued client, Both American and Canadian markets were back on track with gains this week as Canadian inflation numbers for May came in a full percentage point lower (3.4%) compared to a month prior. This is the lowest inflation has been in Canada in over two years. Pundits are warning, however, this encouraging report […]
Find your WHY
Dear valued client, Markets suffered a rare week of losses as Jerome Powell’s remarks alluded to the possibility of further interest rate hikes before the end of the calendar year, barring upcoming economic data. The Fed Chairman said inflation remains sticky in a number of areas and with the labor market still tight, the central […]
The Beatles are Back!
Dear valued client, Markets lodged another week of gains as the Federal Reserve decided to pause interest rate hikes this week for the first time in 15 months. Chairman Jerome Powell maintained a hawkish tone in the press conference following the decision, insinuating two more possible increases before the end of the calendar year. The […]
