Monetary
RBA Minutes Confirm No Rush to Ease Amid Strong Data…
Canada’s Growth Outlook Still Muddled by Uncertainty…
Sentiment Ticks Up, But US Consumer Caution Persists…
Despite macro headwinds, the OBBBA clearly favors Industrials, Financials, and Consumer Discretionary equity sectors. A carefully constructed, factor-aware basket in these sectors is well positioned to outperform in a fiscal-driven, uncertain environment.
BoC Cuts Pushed To Fall As Inflation Rebounds…
Risk Assets Face Negative Convexity…
Canada Jobs Beat, But No Turning Point Yet…
CAD Strength Tightens The Screws On A Softening Economy…
Investors should modestly underweight equities in their portfolios and look to turn more aggressively defensive once the whites of the recession’s eyes are visible. We think that will happen within the next few months.
