get our regular market updates
monthly briefs and insights right to your inbox
Portfolio Managers’ Brief: September 2025
https://vimeo.com/1123926493 Key Takeaways U.S. Market Leadership Year-to-date gains remain heavily concentrated in mega-cap technology, particularly the “Magnificent Seven.” Alphabet, Nvidia, and Microsoft have been primary drivers, supported by strong earnings...
PILOT – Money Talks We Listen
Step behind the headlines as Richard and Brian act like referees in the financial arena—calling offsides, issuing penalties, and keeping the game fair. With no bias toward good or bad, every discussion is grounded in the clearest signal available: the movement of...
Portfolio Managers’ Brief: August 2025
https://vimeo.com/1111666187 Key Takeaways – August 2025 Market Overview U.S. markets up ~9% YTD, led by a handful of mega-cap tech names (~35% of S&P 500’s value). TSX up ~12.5% YTD, driven by financials and energy; potential BoC cut in September could provide...
The Epstein Deflection
MID 2025 OUTLOOK Cue the music as we pay homage to the Eagle’s classic Hotel California. Where the ‘dark desert highway’ leads to a shimmering light cascading on an economic labyrinth that could be heaven or hell! Enter the Tiffany-twisted consumer and her pretty,...
Portfolio Managers’ Brief: July 2025
A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
Portfolio Managers’ Brief: June 2025
A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
Portfolio Managers’ Brief: May 2025
A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
Why So Sad?
Trying to make investment decisions while operating in a vacuous state is like trying to win at poker with a deck that keeps reshuffling itself mid-hand. A stray comment from a central banker, a vague tweet from a billionaire President, haphazard tariff headlines...
Potomac Fever
The forecasting business is premised on the position that “what-was-will-continue-to-be!” Within that framework, economists review historical precedents and assign probabilities to potential outcomes. The idea that predicting macro-economic outcomes is more art...
Portfolio Managers’ Brief: April 2025
A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
