I asked the same question last year. 57% 80/20; 17% 70/30; and 27% 60/40 were the answers. Hostilities with Iran starting Feb 28, 2026, kicked off spikes of volatility, suggesting now might be a good time to remind ourselves of the importance of diversification, and to maintain a long-term perspective. “This time is different” always entails […]
I’m thinking about a setup where growth is broadly flat, inflation remains elevated, central banks stay on the sidelines, and credit spreads widen modestly. It’s an uncomfortable mix: not weak enough to force a policy response, but not strong enough to dismiss inflation as the healthy byproduct of robust growth.Earlier in the year, bond markets […]
My perspective on inflation “Canadian headline inflation continues to move in the direction of the Bank of Canada’s 2% target, such that the BoC recently kept rates unchanged at 2.25%. I don’t anticipate any radical change from here, allowing the BoC to remain on the sidelines, absent significant deterioration in terms of economic growth, be it resulting […]
- 1
- 2