While stocks proved to be a roller-coaster ride in 2020, bonds fulfilled their typical defensive role, and then some.
Q2/2020 Commentary
2020-07-03, Joe Jugovic
Despite the once-in-a-century pandemic, stock markets posted significant gains this quarter, with some reaching near-record highs.
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Q1/2020 Commentary
2020-04-03, Joe Jugovic
The depth and duration of bear markets is unknown. Extreme market sell-offs are often opportunities to rebalance portfolios and add to quality businesses.
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Q4/2019 Commentary
2020-01-03, Joe Jugovic
Abnormally low/negative bond yields continued to push investors to search for higher returning investments, prolonging the current equity cycle.
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Q3/2019 Commentary
2019-10-04, Joe Jugovic
There was no shortage of negative headlines this quarter. They seemed at odds with the favourable return environment, which is not atypical of bull markets.
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Q2/2019 Commentary
2019-07-05, Joe Jugovic
Global markets edged higher in the second quarter, following the strong rebound in Q1. While gains are welcome, markets are struggling to advance meaningfully.