Inflation Data Ahead, Breadth Narrows, SpaceX Comes to Market
Market Breadth, Inflation Risk and the SpaceX IPO
Global Markets Remain Resilient
Markets remain resilient, supported by solid earnings, improving economic data, and positive momentum across global equities. However, leadership remains concentrated and valuations in tech remain historically elevated, so selectivity is important. International markets, commodities, energy, materials, and other inflation-sensitive areas continue to offer attractive risk/reward opportunities, while higher interest rates keep pressure on bonds and […]
Bombardier, BHP Group an Tamarack Valley Energy
Markets Watch the Fed Transition and IPO Calendar
We continue to see a constructive long-term market backdrop, and the evidence continues to support the view that this structural bull market remains intact. Canadian breadth has been encouraging, short-term U.S. breadth remains supportive, credit spreads continue to reflect a healthy environment, and we are still finding attractive opportunities across the market. As a result, […]
Staying Selective As Market Leadership Narrows
Markets have continued to move higher, but this week we focused on an important shift beneath the surface: leadership is narrowing, breadth is weakening, and this is becoming a more selective environment. We continue to view the long-term backdrop as constructive. At the same time, we are paying close attention to the signs that […]
Bond Volatility Tests AI Momentum Ahead of Nvidia Earnings
International Equities
Earnings Power Through as Market Leadership Narrows
Cap-weighted indices continue to show constructive trends, but leadership is narrowing. US equities remain in a long-term bull market, supported by strong earnings growth and positive earnings surprises but at the same time, breadth has narrowed, with equal-weighted indices lagging and fewer companies driving index-level returns. That reinforces the need to actively monitor and remain […]
Corporate Earnings Prove More Resilient Than Expected
