Market Recap & Box Score

Our regular summary of the capital markets. Check back each month for new updates.

Monthly Recap: April 2017

Markets spent much of April in wait-and-see mode. Uncertainty persisted due to the first round of French elections and execution risk related to Trump’s planned healthcare and tax reform. However, as we write this memo, both issues have invigorated risky assets. Emmanuel Macron and Marine Le Pen emerged as final-round competitors in the French elections, …

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Monthly Recap: March 2017

Markets took a breather in March after the S&P 500 touched an all-time high of 2,400 on 01-Mar-17, turning a 2.2% gain for the period into a 1.1% loss. The MSCI World fared slightly better, rising 0.95%, while the TSX was negatively affected by weak oil to end the period down 3.8%. Following 64 trading …

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Monthly Recap: February 2017

February was an interesting month for cross-asset correlations as most assets registered positive returns. The MSCI World and S&P 500 indices posted gains of 1.9% and 3.0%, respectively, gold climbed (4.8%), WTI oil rose (2.8%) and even US Treasury prices inched forward as the 10-year yield retreated 16bp. Interestingly, the TSX did not take part …

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