I’ve been tracking economic trends and reading economist reports for three decades. The post-COVID period ranks among the ...

Investor sentiment last year felt like watching a tennis match. I was trying to keep my eye on the ball as it volleyed back and forth between fear and greed.

The common narrative regarding oil in the past year goes like this: Oil is in oversupply, prices are heading lower, and the era of tight crude markets is over. It’s a narrative that has been pushed by ...

The Toronto economy makes up 20% of Canada’s GDP. It’s home to the “big five” Canadian banks and the Toronto Stock Exchange.

Gavekal CEO Louis Gave is one of my favorite people to speak with on anything related to portfolio construction and the non-US perspective, and I knew our latest conversation about emerging markets ...

REITs (real estate investment trusts) were created in the Cigar Excise Tax Extension of 1960. They were intended as a way for individual investors to gain access to income-generating real estate. It ...

If you’re still attempting to make investment decisions without fully integrating geopolitics into your analysis, you’re operating at a significant disadvantage in today’s markets. I recently sat down ...

Like people, institutions of all kinds get old. Some age less than gracefully. They become set in their ways, fixating on the past and ignoring new conditions. But because they’re “institutions,” ...

January has flown by and it’s been a bit of a whirlwind. The shortened holiday week of the 20th handed us the worst day for the market since October. The following week the S&P 500 hit an all-time ...

Stocks have ripped higher for the past three years... soaring 24% in 2023, 23% in 2024, and 18% last year. That crushes the historical 8% to 10% per year average. And there’s a good chance—especially ...