Macro View
Issue 37 – The Wild World of 5%
Over the long term, which I define as 5 years, market returns on cash and Treasuries have been underperforming assets compared to equities. Nonetheless, rising
October 23, 2023
Palos Commentary
Weekly Commentary
Issue 42 – Alimentation Couche-Tard Announces its 5-Year Plan
Alimentation Couche-Tard (TSX:ATD) owns and operates convenience stores under the Couche-Tard, Circle K, and Ingo brand names. The Quebec-based company opened its first store in
October 16, 2023
Macro View
Issue 36 – The Fall in Bond Yields
Bond and Gold prices rallied impressively at the beginning of last week. Yields on 10-year Treasury notes fell as low as 4.50% from a recent
October 16, 2023
Weekly Commentary
Issue 41 – What’s on our Radar for the Fourth Quarter of ‘23
The warm weather seems to be behind us and we find ourselves firmly in the final quarter of 2023. In Q3 we saw a mild
October 10, 2023
Macro View
Issue 35 – The Time is Now Ripe to Buy Dividends
In the 4 months ended October 6, 2023, yields on 10-year Treasury notes rose 100 bps to 4.80%. Remarkably, this huge and rapid increase did
October 10, 2023
Weekly Commentary
Issue 40 – Northland Power’s Investor Update on Offshore Wind Power
Northland Power (NPI-TSX) is a Toronto-based power producing company with operations in Asia, Europe, Latin America and North America. NPI owns or has ownership in
October 2, 2023
Macro View
Issue 34 – The Global Energy Complex is Complex
A few weeks ago, I argued that the real enemy of the market was the geopolitical crude oil wrecking ball and not the potential government
October 2, 2023
Weekly Commentary
Issue 39 – BCE: An Enticing 7% Dividend Yield
Montreal-based BCE Inc. (BCE-TSX, BCE-NYSE) is Canada’s largest communications services company, operating in three segments: wireless, wireline and Bell Media. BCE provides local, long distance
September 25, 2023
Macro View
Issue 33 – The Federal Reserve’s Decision: High for Longer
The Federal Open Market Committee held a 2-day, high-stakes meeting last week that was particularly important, even though there was no subsequent change in the
September 25, 2023
Weekly Commentary
Issue 38 – NanoXplore: Executing on the 5-Year Plan
Last November, Montreal-based graphene producer NanoXplore (GRA:TSX) revealed its 5-year strategic plan. Included in the plan was an announcement to increase graphene production capacity to
September 18, 2023
Macro View
Issue 32 – The Regime of High Inflation is Over: It’s Cooling
The US economy, like all others, is permanently uncertain, and forecasters who make subjective predictions about future inflation and growth are usually wrong. When they
September 18, 2023
Weekly Commentary
Issue 37 – Oil Prices Continue to Surge
Finally, a welcome break from the heat! We are back from our summer break and we’re eager to resume our weekly newsletters which are intended
September 11, 2023