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
The Market Is Strong, but the Ice Is Thinning
Markets remain constructive, but increasingly selective.
Selective Strength in a Shifting Market
Market conditions remain constructive, but selective. The S&P 500 and Nasdaq 100 have rallied strongly from their recent lows, earnings have been solid, and breadth has improved across several measures. At the same time, valuations remain elevated, yields remain a risk, and headline-driven volatility is still part of the backdrop. Discipline remains important, with portfolio […]
Celestica Sell-Off, Rails Rally, Banks in Focus
