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Market Ethos
December 18, 2023.
In keeping with our annual tradition, below are our favourite Market Ethos publications of the past year. It’s time to take a look back before we take a look forward. In chronological order:
Are dividends on a power play?
January 16, 2023
While dividend strategies struggled in 2023 early in the year, this report highlighted a number of different factors, like debt composition, yield sensitivity, economic sensitivity, and pricing power, that would become more important in driving performance across the dividend space.
Taking stock
February 27, 2023
The path to becoming a better investor is experience and learning to make better decisions. This post highlighted the fact that the last few years have been one of the best periods in recent history to truly understand your own emotional tendencies. It has been a great time to reflect and better understand yourself.
It’s not 2008 all over again
March 20, 2023
In the midst of the U.S. regional banking mini-crisis, we shared our thoughts. This was nothing like 2008, and we discussed why still cautious markets were likely overreacting.
Going for gold
May 29, 2023
A look at gold, which was bumping up against the $2,000/oz level for the third time.
Dancing sober rarely lasts
June 26, 2023
We cannot underestimate the impact of quantitative stimulus, and it isn’t just the overnight rate or what the central bankers are talking about. General account, repo markets, open market buying/selling – these continue to have very large impacts on asset prices.
Making sense of consensus: Economists vs analysts
August 8, 2023
This was a fun look at earnings estimates in conjunction with what economists said. We looked at how analysts saw growing earnings compared to how economists viewed the overall economy.
Pumpkin spice on the horizon
August 14, 2023
In the short term, watching sentiment has proven very useful. This look at sentiment painted a rather bearish picture, noting that markets went down in August, September, and October.
This free lunch leaves a bad taste
October 16, 2023
Diversification is said to be the only free lunch when investing … well, with correlations of late, that lunch has not tasted so good. This was a look at correlations between asset classes and our thoughts on portfolio construction.
Thematic ETFs: proceed with caution
October 23, 2023
Investors often shoot themselves in the foot when using thematic ETFs by buying too late and holding on too long. This post looked at this exciting part of the market … if only there were a better way to invest in thematic ETFs (spoiler: there is).
2024 Outlook – The Great Reset Final Act
December 4, 2023
Of course, we have to include our outlook for 2024 because while looking back can be insightful, what happens next is much more important.
Enjoy the holidays; the next edition will be the first week of January in the form of a year-in-review edition.
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Source: Charts are sourced to Bloomberg L.P., Purpose Investments Inc., and Richardson Wealth unless otherwise noted.
The contents of this publication were researched, written and produced by Purpose Investments Inc. and are used by Richardson Wealth Limited for information purposes only.
*This report is authored by Craig Basinger, Chief Market Strategist at Purpose Investments Inc. Effective September 1, 2021, Craig Basinger has transitioned to Purpose Investments Inc.
Disclaimers
Richardson Wealth Limited
The opinions expressed in this report are the opinions of the author and readers should not assume they reflect the opinions or recommendations of Richardson Wealth Limited or its affiliates. Assumptions, opinions and estimates constitute the author’s judgment as of the date of this material and are subject to change without notice. We do not warrant the completeness or accuracy of this material, and it should not be relied upon as such. Before acting on any recommendation, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Past performance is not indicative of future results. The comments contained herein are general in nature and are not intended to be, nor should be construed to be, legal or tax advice to any particular individual. Accordingly, individuals should consult their own legal or tax advisors for advice with respect to the tax consequences to them.
Richardson Wealth is a trademark of James Richardson & Sons, Limited used under license.
Purpose Investments Inc.
Purpose Investments Inc. is a registered securities entity. Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
Forward Looking Statements
Forward-looking statements are based on current expectations, estimates, forecasts and projections based on beliefs and assumptions made by author. These statements involve risks and uncertainties and are not guarantees of future performance or results and no assurance can be given that these estimates and expectations will prove to have been correct, and actual outcomes and results may differ materially from what is expressed, implied or projected in such forward-looking statements. Assumptions, opinions and estimates constitute the author’s judgment as of the date of this material and are subject to change without notice. Neither Purpose Investments nor Richardson Wealth warrant the completeness or accuracy of this material, and it should not be relied upon as such. Before acting on any recommendation, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Past performance is not indicative of future results. These estimates and expectations involve risks and uncertainties and are not guarantees of future performance or results and no assurance can be given that these estimates and expectations will prove to have been correct, and actual outcomes and results may differ materially from what is expressed, implied or projected in such forward-looking statements. Unless required by applicable law, it is not undertaken, and specifically disclaimed, that there is any intention or obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
Before acting on any recommendation, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice.
The particulars contained herein were obtained from sources which we believe are reliable but are not guaranteed by us and may be incomplete. This is not an official publication or research report of either Richardson Wealth or Purpose Investments, and this is not to be used as a solicitation in any jurisdiction.
This document is not for public distribution, is for informational purposes only, and is not being delivered to you in the context of an offering of any securities, nor is it a recommendation or solicitation to buy, hold or sell any security. Richardson Wealth Limited, Member Canadian Investor Protection Fund.
Richardson Wealth is a trademark of James Richardson & Sons, Limited used under license.
