Weekly Market Commentary

The pullback in AI-related stocks gathered momentum this week, with the Philadelphia Semiconductor Index falling roughly 5%, taking its October decline to approximately 20%. The weakness continued to weigh on the Nasdaq, now down more than 6% for the...

North American markets were in the red this week as investors continued to sell the AI theme and all its proxies. In recent weeks we have been talking about the seasonality headwind that September and October have historically provided......

Happy Anniversary! Not words we have used to open our weekly comment before, but alas, there is a first time for everything. This week marks the fourth anniversary of the current bull market, which began on October 12, 2022....

This scribe is back into the regular swing of things following two weeks of vacation, but the markets didn’t get the memo. The last few weeks have seen long-term bond yields reach multidecade highs, diesel prices have climbed to record levels......

As we say goodbye to summer and welcome the looming fall season, all eyes are squarely back to Central Banks. With the US Federal Reserve's September 16 policy decision due next week, investors are facing a surprisingly familiar question......

After a strong earnings season helped lift North American equity markets to record highs in early August, stocks finished the last week of August on an positive note despite the bond market moving to centre stage....

This week marked two big events for Canadians: The August 19 deadline for 50% U.S. tariffs on US$20 billion of Canadian exports; And the very next day, the 10th anniversary of The Tragically Hip’s final concert......

It was a record week for North American benchmarks as equity markets rallied on the back of a very strong earnings season. The rally was broad based compared to the gains we saw in June, which were largely centered in the semi-conductor trade....

After a near 11% rally this year, the S&P 500 took a breather this week, down over 1%. The Canadian TSX was also down modestly for the week in local currency terms. Underneath the surface, U.S. markets are seeing more rotation, both among sectors......