HEWC News and Press, iShares Currency Hedged MSCI Canada From 10/13/22

Summary Are October rallies just bear traps in disguise? When will we see a turn in inflation? How to navigate bear markets. September was a brutal month for equities. Could markets strengthen this fall or are rallies just bear traps in disguise? Kim Parlee t...

Summary The February 2020 high of 17,944 is the next price test on deck for the TSX. The relative strength of financials and fossil fuels has softened the overall index losses to date; that’s unlikely to last. With the popping of the everything bubble, the assets most i...

Summary The tech-heavy Nasdaq Composite index relapsed and is back to where it was in July 2020. The massive valuation overshoot in the recent everything bubble – and hence the downside now – is hard to appreciate until quantified and compared historically. Last ...

Summary Global equity markets outside of the United States have completed a third negative quarter, with the MSCI ACWI ex US IMI Index down 11.26% in the three months through October 30. For the year to date, this index is down 27.19%, which clearly indicates a “bear market...

Summary We can always find an unimportant market blowing up somewhere, but as long as the funding markets are not touched, the effects on the real economy will be limited. Based on what I have seen publicly discussed, I see nothing that says that we are in any worse state than pre...

Summary The growing global commitment to the transformation of the economy to Net-Zero Emissions by 2050 is intensifying demand for critical minerals. A supply-demand gap is likely to open up, leaving businesses and governments scrambling to close it to achieve climate goals. ...

Summary We believe it is unlikely that Fed Chair Jerome Powell will navigate a pivot to a less-hawkish stance before early in 2023. We expect China to grow at a meager 2%-3% pace in 2022, with the potential for these risks to bleed into 2023, as a slowing developed-market consumer...

Summary As we start the third week of September, with the US Fed’s much-telegraphed rate hike on Wednesday (+.75 with some 30% betting odds of a full percent!), markets are peaked. To date, Canada’s TSX -13% is just a quarter through the price correction experienced ...

Summary Outlook on future BoC interest rate hikes. Outlook on Canadian economic growth in Q3. Impact of rate hikes on household consumption and debt. The Bank of Canada has been aggressively hiking rates to battle inflation. Andrew Kelvin, Chief Canada Strate...

Summary Why Canadian banks sold off on Q3 earnings? Could we see housing prices come under even more pressure from the impact of rising rates? Valuation perspective and earnings fundamental for Canada's big banks. Canadian banks came in with mixed Q3 results....