Commentary The second quarter of 2023 saw confidence return to the US banking system with volatility receding, putting the spotlight back on inflation and central bank rate increases. The Bank of Canada (BoC) increased the benchmark interest rate in June by 0.25% after holding steady in March and April. Many had expected the rate rises to end at 4.75% but […]
Commentary In Q1, US-based Silicon Valley Bank (SVB) and Signature Bank experienced bank runs as clients withdrew billions of dollars in deposits. Those were the 2nd and 3rd largest banks to fail in US history (neither were in the top 10 largest banks though). Then one of the largest Swiss banks, Credit Suisse, was forced to merge with UBS […]
Unfortunately December didn’t give us the Santa Claus rally that we were all hoping for, the markets were more of a Nightmare Before Christmas.
November was another good month for equity markets, and a good one for fixed income markets as well.
October was a good month for equity markets, but a mixed one for fixed income as central banks continue to raise interest rates.
September was a follow on of the declines seen in August, as almost everything declined across both equity and fixed income markets.
August was a negative month for almost everything; both equity and fixed income markets declined.