Is A Bubble Forming In U.S. Equities?

According to our U.S. Investment Strategy service, bubble concerns are premature. Today's valuations do not resemble the excesses that were inescapably apparent in the 1999-2000 equity bubble. Back then, large-cap tech stocks, achieved … [More.]

What To Do With Chinese Stocks?

The shift in policy stance should help the economy and the Chinese stock market to stabilize. Chinese stocks, both in the domestic and the investable markets, have remained stuck in a broad trading range that has been in place since 2012. The … [More.]

The Loonie Gets No Respect

The Canadian dollar got hit last week as BoC Governor Stephen Poloz’s comments were seen to be dovish. Poloz said that he could not rule out interest rate cuts. However, he said that it would first require the balance of risks for the i … [More.]

Downgrading The U.S. S&P Materials Sector

The rebound in U.S. materials stocks is likely to fizzle, undermined by China’s capital spending slowdown and the surge in natural gas input costs. Our U.S. equity strategists have been overweight S&P Materials as part of the deep cyclical sector … [More.]

Australia & New Zealand: Firing Up

Bullish currency developments overnight for both Australia and New Zealand: Australia: The most recent payroll report was very positive. More full-time positions were created in February than in any month since 1991. This is a reversal of the … [More.]