Monthly Archives: July 2024

Over the past 32 months, economically sensitive small and medium-cap stock indices have underperformed the largest-cap tech-heavy indices (price x shares outstanding) to a degree not seen since the last tech bubble in 1998 through March of 2000. Indeed, global … Continue reading →

Consumer spending drives just under 60% of Canadian GDP growth and consumer spending fell across all categories in June–discretionary and essential (shown below courtesy of RBC). Warm weather and declining interest rates did not entice spending as hoped. Overall, second-quarter … Continue reading →

The US CPI, -0.4% month over month in June, has declined for four months in a row. The year-over-year trend is –1.1% from +2% a year ago. This, along with rising unemployment, has opened room for a Fed-cutting cycle to … Continue reading →