white fabric with creases

No white flag just yet

Market Ethos.
24 October 2022

After posting its third consecutive quarter of declines, the stock market has managed to stay slightly positive so far in October—despite bond yields continuing to climb. Both Canadian and U.S. 10-year bond yields posted new highs this past week with U.S. 10-years rising to 4.25%. With yields rising at a frenzied pace, market volatility continues to be a grisly backdrop for both the stock and bond market.

Bad news for the bond market is rarely a good sign for stocks. Although we saw a fresh low on October 13, a so-far so-good earnings season has eased some of the fear, with some arguing that we’re nearing a point of capitulation. In this Market Ethos, we examine fund flows to see if they confirm any signs of a market bottom.

Related articles

Market Ethos

Benefits of going abroad

17 August 2026. Market Ethos. With portfolios heavily U.S. tilted, there are diversification benefits from international which helps reduce portfolio AI exposure risks.

2 minute read

Market Ethos

When index flows meet insider liquidity

10 August 2026. Market Ethos. Large IPOs can create unusual interactions between early shareholders, active investors and index-tracking vehicles. SpaceX provides a timely case study.

2 minute read

Market Ethos

Taking AI Inventory

27 July 2026. Market Ethos. As the market impact of AI becomes more pervasive, every portfolio is exposed, shifting the question from ‘How much AI?’…

2 minute read