Blake Whiteley

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Economic Update: August 2020

by Blake Whiteley Last updated on September 03, 2020

Now that August has ended, we’re reflecting on a truly remarkable moment in financial market history: the S&P 500 has set new records during the month amidst an ongoing pandemic. More evidence of an economic recovery has been showing up in the data, but there are of course still sources of uncertainty present. We continue to believe that investors who remain cool headed and un-emotional will be well-served as we progress.


Equity Indices - FTSE Global Indices in CAD, Bonds - Barclays Global Aggregate Canadian Float Adjusted Bond Index based on end-of-day data for the Total Return Index as at market close 31 August 2020.

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Economic Update: July 2020

by Blake Whiteley Last updated on August 12, 2020

Markets continued their ascent through the month of July shrugging off the worries that exist during an ongoing pandemic. Central banks were able to take a back seat throughout the month and monitor the status of their re-opening plans. While the financial market rally is encouraging, we do expect volatility on the path forward and we expect investors who maintain discipline to be rewarded on the way down this long-term path.

Equity Indices - FTSE Global Indices in CAD, Bonds - Barclays Global Aggregate Canadian Float Adjusted Bond Index based on end-of-day data for the Total Return Index as at market close 05 August 2020 for FTSE Global Indicies and 31 July 2020 for Barclays Global Aggregate Canadian Float Adjusted Bond Index.

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Economic Update: June 2020

by Blake Whiteley Last updated on July 07, 2020

Stocks have been on a great run over Q2; US markets posted its best quarterly gain since 1987. While the Canadian market had a solid quarter of its own as well. As markets approach pre-pandemic levels, we can see a recovery is underway. The path forward will have it bumps and, with the uncertainty that currently exists, we can expect volatility to persist.


*Equity Indices - FTSE Global Indices in CAD, Bonds - Barclays Global Aggregate Canadian Float Adjusted Bond Index based on end-of-day data for the Total Return Index as at market close 01 July 2020

 

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Economic Update: May 2020

by Blake Whiteley Last updated on June 05, 2020

The month of May marked the start of the gradual reopening of the domestic and global economy, slower growth of new COVID-19 infections, and continued government stimulus, all of which boosted investor confidence throughout the month. However, moving forward, there is still  a lot of global economic and political uncertainty and this highlights the need for diversification and exposure to different asset classes, countries, and sectors.


*Equity Indices - FTSE Global Indices in CAD, Bonds - Barclays Global Aggregate Canadian Float Adjusted Bond Index based on end-of-day data for the Total Return Index as at market close 29 May 2020.

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Economic Update: April 2020

by Blake Whiteley Last updated on May 04, 2020

Despite ongoing lockdowns globally, April represented the best month for the TSX since 2009 and the S&P 500 since 1987. It is encouraging to see improvements in the markets; however, it is important to expect volatility to persist and to maintain a long-term perspective in order to keep your eye on your goals and tune out the anxiety caused by the daily investment news cycle.

 

*Equity Indices - FTSE Global Indices in CAD, Bonds - Barclays Global Aggregate Canadian Float Adjusted Bond Index based on end-of-day data for the Total Return Index as at market close April 30, 2020.

 

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Economic Update: March 2020

by Blake Whiteley Last updated on April 02, 2020

The novel coronavirus COVID-19 continued its spread globally during March and has had significant impacts on financial markets as well as the global economy. Governments have implemented social distancing and fiscal measures in order to “flatten the curve” and central banks have been quick to respond by providing much needed liquidity. As an investor it is important during these times to maintain discipline and diversification and avoid any market timing strategies.

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Economic Update: February 2020

by Blake Whiteley Last updated on March 04, 2020

Equity markets fell rapidly at the end of the month and have flirted with a technical correction. From time to time markets will take sharp swings, and the process is usually amplified by irrationally putting more stake in negative news rather than looking at the holistic fundamentals that prices are rooted in.  And behind all the fear driving this volatility, fundamentals remain healthy (especially at these prices) and investors will be well-served by keeping cool and sticking to their plan.

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Economic Update: January 2020

by Blake Whiteley Last updated on February 10, 2020

The year is off to a busy start; January was a volatile month fueled by geopolitical developments and a world health emergency. While we expect geopolitical events to continue to drive short-term volatility, our outlook remains positive for stocks fueled by accommodative central banks and positive fundamentals.

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Economic Update: 2019 Year in Review

by Blake Whiteley Last updated on January 22, 2020

2019 has produced some remarkable results in terms of financial market performance. Markets were led by the U.S S&P 500 which experienced a calendar year return of 24.45% in Canadian dollars. The TSX in Canada rose 19.2%; developed markets and emerging markets faired similarly, closing the decade off with stellar returns. The Canadian aggregate bond market also had a great year returning just over 6.5%.

In this update, we will discuss important developments, lessons learned throughout the year and ways that we can apply those learnings moving forward.  

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Economic Update: November 2019

by Blake Whiteley Last updated on December 06, 2019

Equity markets have continued to break records during November advancing quietly due to less trade news relative to the rest of the year. The S&P TSX Composite (YTD gain 18.5%) is on track to finish the year at its highest calendar year return in a decade, and the S&P 500 (YTD gain 24.2%) is on track to record its highest calendar year return since 2013. No discussion of market performance would be complete without a discussion of risk, which we’ll get into as we continue.

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