Weekly Commentary
Issue 49 – The Canadian Banks Report
Traditionally, the Canadian Big Six report toward the end of the quarterly earnings season. Last week was no exception as all six reported their Q4
December 4, 2023
Palos Commentary
Macro View
Issue 42 – What Is the Consensus Call for 2024?
It’s that time of the year when top-rated strategists expose their predictions for the year to come. 12 months ago, they were convinced that the
December 4, 2023
Macro View
Issue 41 – The Inflation Question: Encouraging
Perception of inflation is as important for investors as actual inflation, especially when both collaborate. A survey for the New York Fed showed that consumer
November 27, 2023
Weekly Commentary
Issue 48 – First Quantum: Panama Update
First Quantum Minerals (FM:TSX) is a Canada-based miner engaged in the production of copper, gold, nickel, and silver. The company’s primary operations include the massive
November 27, 2023
Weekly Commentary
Issue 47 – The Retailers Report and the Winners Are…
As we reported in our November 13 letter, last week saw a slew of earning reports from several major retailers. Investors and analysts closely followed
November 20, 2023
Weekly Commentary
Issue 46 – Retail Earnings Week
Retail sales have remained strong in the U.S. despite a supposed deteriorating economic backdrop. Data from September indicated a month-over-month (MoM) increase of 0.7% which
November 13, 2023
Macro View
Issue 40 – The Fed Barks More Than It Bites
A sparse docket of economic data prints has left the market at the mercy of Fedspeak. It appears that a suite of top Federal Reserve
November 13, 2023
Weekly Commentary
Issue 45 – Peak Earnings Season: Part II
With five of the “Magnificent Seven” already reporting their third quarter results, all eyes turned to Advanced Micro Devices (AMD:NASDAQ) reporting last Tuesday, and Apple
November 6, 2023
Macro View
Issue 39 – Halloween, All Saint’s Day, All Soul’s Day and St-Hubert’s Feast Day Hit a Grand Slam:
Stocks kicked off an eventful Halloween week with big gains across the board from day1, all 11 sectors of the S&P 500 having closed in
November 6, 2023
Weekly Commentary
Issue 44 – Peak Earnings Season: Part I
“Magnificent Seven” group of stocks. The group, which includes Tesla, Alphabet, Microsoft, Meta Platforms, Amazon, Apple, and NVIDIA has undoubtedly been the market leaders in
October 30, 2023
Macro View
Issue 38 – Economic Growth Surged in Q3
We all have problems with predictions, specifically about where the economy is heading, not least whether a business downturn is in our midst. This does
October 30, 2023
Weekly Commentary
Issue 43 – Opportunity Abounds in Renewable Energy
It would be an understatement to say that renewable energy stocks in Canada have felt the pain from eighteen months of central bankers aggressively raising
October 23, 2023