HEWC News and Press, iShares Currency Hedged MSCI Canada From 11/04/22

Summary Yesterday, Fed chair Jerome Powell reiterated his commitment to combating inflation (lagging indicator) at the expense of economic growth, employment and asset prices (leading indicator). In an abrupt reversal, every market sector tumbled into the close, with 474 of S&...

Summary The Canadian 10/2s bond yield curve has been deeply inverted since July 2022 as the Bank of Canada stepped up interest rate increases to control soaring inflation. As a result, the slope for both the Canadian and US bond yield curves are close to converging to about minus ...

Summary Canadian monthly home sales in September were -32% year-over-year and 12% below the pre-pandemic 10-year average for September. Many who bought properties during the 2020-2022 frenzy are now underwater in terms of resale value. On the upside, much lower shelter and tra...

Summary Is the Fed ready to consider slowing its pace of rate hikes? Why the Fed will likely stay Hawkish at least for the time being. The Fed is likely to overshoot in its inflation fight for a simple reason: All of its data is backward looking. The U.S. Fed...

Summary Central banks across the globe are not in lock step with the U.S. Fed. Could this limit what the Fed could do? Will the Fed start signaling a less hawkist direction for rates? Finding bright spots in the fixed income market. Bank of Canada raised overnight ...

Summary The outlook on China stimulus. Bank of Canada slows pace of rate hikes. Q3 earnings season update. On the latest edition of Market Week in Review, Chief Investment Strategist for North America, Paul Eitelman, and Investment Strategy Analyst BeiChen Lin discus...

Summary Where opportunities might be emerging in the battered bond market. Why the bond market may face even more volatility. Bond market volatility. Is the bottom in sight? Global bond markets have suffered their worst selloff in decades, as central banks ag...

Summary With inflationary pressures and recessionary fears remaining top-of-mind, equity managers see no short-term end to the bumpy ride in markets. One of the key risks cited by equity managers in our third-quarter report is the possibility of inflation remaining stuck at high l...

Summary Is the end in sight for rates hikes in Canada? The BOC says growth will slow, but will the economy slip into recession? What higher rates may mean for Canadian household spending. Canada’s central bank hikes its key interest rate by 0.50%, the ...

Summary The Bank of Canada undershot its previously telegraphed +.75bps rate hike with a +50bps hike. While the US and Canadian central banks both say there’s more tightening yet to do, what they’ve already done will slow demand and drive up unemployment for many mon...