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In our opinion, these were the most important stories of Q2... |
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Fed stays the course – The U.S. Federal Reserve followed through on its pledge to raise interest rates by increasing the key rate by 0.25% at its June meeting, setting the stage for the Bank of Canada to begin the third quarter with a similar move |
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May’s Folly – UK Prime Minister Theresa May’s snap election backfired as she lost her majority government, greatly diminishing her chances for a “hard” Brexit |
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Amazon to take over the world? Amazon announced that it would be purchasing Whole Foods, bringing the online behemoth into a new business – brick and mortar stores. The ripples were felt across the retail world |
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Brazil’s Rude Awakening – Brazil’s equity market was sent crashing in May after President Temer was implicated in a witness tampering scandal, muddying what has been a favourable environment for emerging market equities in general |
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Cidel’s Head of Asset Allocation Bill McKay on what has our attention for Q3… |
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A return to lower volatility and what that means to investors – After ticking up during the first quarter on the back of increased political uncertainty, equity market volatility has fallen to multi-year lows – but investors should not become complacent... |
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Fund flows into equities continue to be strong – Europe and other non-US markets have been the beneficiary as US valuations remain high... |
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US tax reform seems far more distant – Struggle with health care bill portends big delay in meaningful tax reform, a key driver of stock market optimism... |
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Fed and Bank of Canada tightening – Impact of recent decision by both central banks to raise key rates will impact risk assets and personal balance sheets... |
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Click here for full report |
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