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  1. Canadian flag on desk with economy sign

    North American Economies Remain Robust

    At the close of business last Friday, global equities were marginally higher on the week as investors raised their forecasts for how high policy rates will rise in the United States and the eurozone. The yield on the US 10-year Treasury note rose to 3.88% from 3.72% a week ago while the price of a…

  2. charts moving higher

    Recession Fears Ease: Strong Employment

    At the close of business last Friday, global equities were slightly lower on the week as rising yields offered investors an alternative to stocks. The yield on the US 10-year Treasury note rose 0.19% to 3.72% from a week ago while the price of a barrel of West Texas Intermediate crude oil added $1 to…

  3. Women at desk with computer and tablet

    Technology Leads Markets Higher

    Global equities were higher on the week but off their peaks, as robust US labour data suggest the US Federal Reserve may need to tighten monetary policy more than investors have expected. The yield on the US 10-year note was little changed at 3.53% after trading as low as 3.33% in the wake of what…

  4. Woman's hand on tablet with coffee

    January Roars Out of the Gate

    Global equities rose from a week ago as the US economy grew at a faster pace than expected. Compared with last Friday, the yield on the US 10-year Treasury note was slightly higher at 3.52%, while the price of a barrel of West Texas Intermediate crude oil fell slightly to 80.1. Volatility, as measured by…

  5. Christine Legarde at summit

    Turning the Corner

    SPECIAL NOTE: If you have not done so already, please call Glen, Mike, Joe or Nels to book your annual review meeting. Global equities were marginally higher this past week as the earnings season started in earnest. Investors appear to have interpreted soft US economic data as good news for equities and a sign that…

  6. Strong Start to 2023

    SPECIAL NOTE: if you haven’t done so already, please call Glen, Mike, Joe, or Nels to book your annual review meeting.   Global equities were higher on the week amid further evidence that US inflation continues to slow. The yield on the US 10-year Treasury note fell 0.13% from the week before to 3.47%, while…

  7. man walking down the road to 2023

    Strong Start to the New Year

    At the close of business last Friday, global equities were higher for the first week of the new year. The yield on the US 10-year Treasury note declined 163 basis points to 3.60% since our report while the price of a barrel of West Texas Intermediate crude oil fell $4.50 to $74.75. Volatility, as measured…

  8. Federal Reserve wide angle on blue sky

    Hawkish Fed Spooks Markets

    At the close of business last Friday, global equities were sharply lower on the week after hawkish rhetoric from the US Federal Reserve and the European Central Bank dispelled the notion of a dovish central bank pivot any time soon. The yield on the 10-year note was little changed at 3.52% while the price of…

  9. CPI on lined paper

    Awaiting CPI and the Fed

    At the close of business last Friday, global equities fell on the week amid slowing growth and dwindling optimism over the potential for a dovish pivot by the US Federal Reserve. The yield on the US 10-year Treasury note declined 4 basis points to 3.53% while the price of a barrel of West Texas Intermediate…

  10. Canadian and US Flags

    Market Recovery Continues

    At the close of business last Friday, global equities made another week of gains. However, they did shed some of their early-week gains on Thursday and Friday. Yields rose after Friday’s data was released. The yield on the US 10-year note ended at 3.57% from 3.71% before the Thanksgiving holiday while the price of a…

  11. Woman at desk

    Markets Move Higher

    At the close of business last Friday, global equities were higher on the week. The yield on the US 10-year Treasury note fell to 3.71% from Friday’s 3.79% while the price of a barrel of West Texas Intermediate crude oil slipped $1 to $77.50. Volatility, as measured by the Cboe Volatility Index (VIX), fell to…

  12. Federal Reserve Didn’t Pivot

    SPECIAL NOTE: We are taking a break from the weekly newsletter. We will be on vacation and will resume our newsletter on November 27th. At the close of business last Friday, global equities were lower on the week as the US Federal Reserve threw cold water on the notion that it is contemplating a dovish…

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