An entire generation of investors has been conditioned to think of ultra-low interest rates as normal. History tells a different story.
Q2 2026 Market Letter
2026-07-09, Mathew Hermary
Global equities surged in Q2, supported by massive AI infrastructure spending. QV is finding opportunities in quality businesses beyond the current narrative.
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Q1 2026 Market Letter
2026-04-10, Clement Chiang
Attacks on Iran have sent ripples through financial markets. The loss of life has been tragic, while it remains unclear how the conflict will be resolved.
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Q4 2025 Market Letter
2026-01-12, Mathew Hermary
In 2025, market dominance moved beyond the US, while Canadian and international equities outperformed, led by financials, industrials and materials.
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Q3 2025 Market Letter
2025-10-08, Clement Chiang
Revised job reports, rate cuts and unconventional policies have kept investors on their toes, while markets generated annual-sized returns over Q3.
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Q2 2025 Market Letter
2025-07-09, Mathew Hermary
Trade war uncertainty sent global stock markets on a wild ride in Q2, approaching bear market territory before the S&P 500 staged the sharpest recovery on record.