How have our portfolios defended against recent inflation? Is inflation or disinflation in our future? Recent inflation headlines have been startling: “Lumber prices spike to an all-time high,” “Oil prices double over the past year,” “Copper hits a 20-year high”. These quotes have caused many to believe a new cycle of rising inflation is upon … Continue reading Which Flation Is In Our Future?
Through the first half of 2021, Natural Resources and Real Estate are amongst the best performing asset classes – we’ll look at what drove this performance and offer an outlook for the second half. Thinking back to 2020 and everything that transpired in financial markets, amongst the most incredible developments was not only the speed … Continue reading Forgotten to Favored
For retirees, choosing the most optimal pension option deserves a rigorous analysis. For many employees in the public and private sector who are facing the prospects of an imminent retirement, the decision of how to take their pension is rife with uncertainty. On its head, the two most basic pension payout options are relatively simple … Continue reading To Annuitize or Not, That Is the Question
Bond investors are not too concerned about a persistent increase in inflation. Much ink has been spilled over the past quarter on inflation, which has clearly made a resurgence as the economy has begun to recover and strengthen. But there is an ongoing debate as to whether the current inflationary forces will be a short-term … Continue reading Credit Markets: Transitory or Non-Transitory Inflation?
Recently, it seems like every day we read a headline about a new SPAC, crypto coin, NFT, or IPO that doubles in value in practically minutes. Many of these “investments” have no actual revenue, and little or no use. These headlines are reminiscent of the Internet Bubble that burst in 2000. What is causing this … Continue reading SPACs, CRYPTOs, NFTs, and IPOs: 2000 Déjà Vu and What They Mean for Your Portfolio
The equity market is not the only thing hitting an all-time high. US federal debt held by the public ended 2020 at $21 trillion, up from $9 trillion at the end of 2010. The Congressional Budget Office’s baseline projection for federal debt released in February 2021 incorporated the major Coronavirus-related relief bills – the $2 … Continue reading Let’s Get Fiscal
While I could say that this past year has been a rollercoaster, that doesn’t quite capture the true depth and range of emotions experienced over the last 13 months. A global pandemic, lockdowns, social distancing, working from home while also (for many) helping our children with school from home and not to mention the whiplash-inducing … Continue reading A Look in the Rearview Mirror
Bond yields rose dramatically in the first quarter as investors began pricing in the likelihood of the strongest economic growth in the U.S. and globally in decades and corresponding inflation concerns. The rapid rise in interest rates led to bonds being the only asset class in negative territory on a total return basis during the … Continue reading Credit Markets: Strong Economic Growth and Inflation Ahead
The world is wisely transitioning from reliance on fossil fuels for energy to more renewable sources. Transitions often present investment opportunity. And we believe the energy transition will prove no exception. Initial commitments from governments around the globe to hit 2050 climate goals are encouraging. Demand estimates for renewable energy sources are staggering. BloombergNEF, a … Continue reading Responsibly Investing in the Energy Transition
There is no denying that electric vehicles (EV) are on the precipice of changing the world of mobility. The disruption brought by this change will likely crown new industry leaders while toppling legacy incumbents that fail to adapt. However, the market enthusiasm for all things electric, including battery and EV manufacturers is bordering on mania. … Continue reading Investing in Innovation – The Promise and The Perils
