Stock price performance has been very robust for the three month period ending December 2009, as investors increasingly became constructive about the state of the economic union.
Both equity and fixed income markets continued to exhibit positive results in the third quarter of 2009, on growing evidence of a broadening economic recovery. Underpinned initially by Central Bank and fiscal policies, the economic recovery is now being accentuated by the improving business, consumer and investor sentiment. Credit spreads continue to narrow on the gradual return towards normalization.
After hitting a low point in early March 2009, the Canadian market has bounced and has not looked back, as mounting evidence suggests the worst is now behind us. Positive economic leading indicators, smaller job losses, stabilization in homebuilding and manufacturing, as well as greater stability in the credit markets, are driving investors off the sidelines and back into stocks.
The first quarter of 2009 is likely to go down in history as one of the more significant periods in our collective investing memory as investors grappled with the “recession versus depression” question. Many are wondering if we have reached the end of an investment era. The bulk of the last 25-30 years of investing occurred against the backdrop of the "Reagan/Thatcher" paradigm-free markets, with lower regulation and taxes.
Stocks fell to new lows in November as investors rushed to the cash-sidelines on the mounting evidence of weak economic conditions. After the major sell-offs during the months of September and October, investors took November to cycle lows, with the Material groups leading the way. The Golds were the lone bright spot during the recent month, as investors began to worry about the world post-reflation. Canadian markets sold off 5.0% during the month, with the Materials subgroup up 9.4% (Golds) while the Energy sector dropped 4.3%.
Stocks fell to new lows in November as investors rushed to the cash-sidelines on the mounting evidence of weak economic conditions. After the major sell-offs during the months of September and October, investors took November to cycle lows, with the Material groups leading the way. The Golds were the lone bright spot during the recent month, as investors began to worry about the world post-reflation. Canadian markets sold off 5.0% during the month, with the Materials subgroup up 9.4% (Golds) while the Energy sector dropped 4.3%.
Norm Lamarche - Q4 2009 Commentary
Stock price performance has been very robust for the three month period ending December 2009, as investors increasingly became constructive about the state of the economic union.
Norm Lamarche - Q3 2009 Commentary
Both equity and fixed income markets continued to exhibit positive results in the third quarter of 2009, on growing evidence of a broadening economic recovery. Underpinned initially by Central Bank and fiscal policies, the economic recovery is now being accentuated by the improving business, consumer and investor sentiment. Credit spreads continue to narrow on the gradual return towards normalization.
Norm Lamarche - Q2 2009 Commentary
After hitting a low point in early March 2009, the Canadian market has bounced and has not looked back, as mounting evidence suggests the worst is now behind us. Positive economic leading indicators, smaller job losses, stabilization in homebuilding and manufacturing, as well as greater stability in the credit markets, are driving investors off the sidelines and back into stocks.
Norm Lamarche - Q1 2009 Commentary
The first quarter of 2009 is likely to go down in history as one of the more significant periods in our collective investing memory as investors grappled with the “recession versus depression” question. Many are wondering if we have reached the end of an investment era. The bulk of the last 25-30 years of investing occurred against the backdrop of the "Reagan/Thatcher" paradigm-free markets, with lower regulation and taxes.
Front Street Resource Hedge Fund - Monthly Commentary
Stocks fell to new lows in November as investors rushed to the cash-sidelines on the mounting evidence of weak economic conditions. After the major sell-offs during the months of September and October, investors took November to cycle lows, with the Material groups leading the way. The Golds were the lone bright spot during the recent month, as investors began to worry about the world post-reflation. Canadian markets sold off 5.0% during the month, with the Materials subgroup up 9.4% (Golds) while the Energy sector dropped 4.3%.
Front Street Energy Venture Fund
Stocks fell to new lows in November as investors rushed to the cash-sidelines on the mounting evidence of weak economic conditions. After the major sell-offs during the months of September and October, investors took November to cycle lows, with the Material groups leading the way. The Golds were the lone bright spot during the recent month, as investors began to worry about the world post-reflation. Canadian markets sold off 5.0% during the month, with the Materials subgroup up 9.4% (Golds) while the Energy sector dropped 4.3%.