April 2013
One theme that we continue to see in the Canadian equity market today is a willingness to “stretch for yield.” Investors are so desperate to find income-producing investments that they are prepared to pay an elevated price for that yield.
September 2012
History tells us sideways markets are far more common than secular bull runs. Sideways trends occur immediately after a bull market and last for at least 15 years.
August 2012
The Equity Risk Premium (ERP) is defined as the return in excess of the risk-free rate that an investor requires as compensation for taking on the added risk of being exposed to the stock market. It is an important measure because it informs us of how optimistic (or not) the market is at various points in time.