Markets

FOMC Preview

The consensus is the FOMC will cut the Fed Funds rate 25 bps to a range of 1.75% to 2.0% at the meeting this week.  A 50 bps cut is not impossible, but seems unlikely at this meeting.A key will be if the FOMC signals another rate cut in October.  The hints could be in the press conference, or in t ...

Schedule for Week of September 15, 2019

The key economic reports this week are August Housing Starts and Existing Home Sales.For manufacturing, August Industrial Production, and the September New York and Philly Fed surveys, will be released this week.The FOMC is expected to cut the Fed Funds rate 25bps on Wednesday, and the Fed's Q2 Flow ...

Book Bits | 14 September 2019

● The Case For People’s Quantitative Easing By Frances CoppolaReview via Brave New Europe The thesis behind the book is that, although quantitative easing since the Great Financial Crisis of 2007/8 has failed, the cause of failure was its implementation, not the policy itself. Quantitative easi ...

Fiera Acquires Natixis Investment Managers

This is pretty old at this point and therefore a tad embarrassing to post, but … Fiera Capital Corporation has announced (on 2019-7-3): that it completed today the acquisition of all the issued and outstanding shares of Natixis Investment Managers Canada Corp. (“Natixis Corp”), the holding co ...

Confusion or Conviction?

Stocks have climbed higher but we don’t recommend attempting to trade around short-term moves; rather, investors should remain disciplined and diversified, and use any volatility to rebalance as needed. The consumer continues to drive the economy, while weakness is mostly still concentrated in man ...

The Fed’s Dilemma, Draghi’s Parting Gift, Mortgage Rate Meltdown

Fed is set to ease, ECB eases and mortgage refinancing takes off. ...

Look Which Precious Metal Is Beating Warren Buffett…

The price of gold has beaten the S&P 500 Index over a number of different time periods, even the century (so far!). The yellow metal, however, has also outperformed arguably the greatest living investor, Warren Buffett. ...

September 13, 2019

And now it’s time to start preparing PrefLetter! HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized monthly Index MeanCurrentYield(at bid) MedianYTW MedianAverageTradingValue MedianMod Dur(YTW) Issue ...

Trade Optimism and Easy Money Set to Drive Stocks to Fresh Record Highs

The bull story for the rest of the year remains in place as trade war angst ebbs, the stimulative effect from lower rates kicks in, the US consumer remains resilient and credit markets show money is still available. The S&P 500 could rally another 3-5% as long as we don’t see a policy mistake by ...

USD/CAD Canadian Dollar Lower on Record High Household Debt

The Canadian dollar fell 0.45 percent on Friday and will finish 0.78 pecan lower against the US dollar. Canadian households have a 174.1 percent debt to income ratio in 2019 Q2. Rating agencies have already downgraded some of the banks as the risk of higher defaults rises as consumers take on more ...