Each week, our team publishes a blog and webcast.
In April 2025, UnitedHealth Group shares dropped 22% after its management slashed full-year earnings guidance by 12% following weak quarterly performance. Weeks later, the CEO stepped down. The downturn was driven by an unexpected surge in medical care utilization as post-pandemic patient demand for deferred procedures rebounded. UNH’s stock traded well over $500 a share […]
Earlier this month, Emera and Canadian Utilities announced a merger of equals in an all-stock transaction expected to close in 2027. Many of our clients have held shares in both Emera and Canadian Utilities for years. Under the terms of the deal, existing Emera shareholders will own approximately 60% of the combined entity, while Canadian […]
We frequently receive similar inquiries. If a question comes up for you, chances are others are wondering about it as well. Of the emails and phone calls we receive each month, here are a handful of questions we pulled from our conversations. What happens to my RESP if only one of my two children pursues […]
For much of this year, artificial intelligence has been the dominant theme driving markets higher. By boosting productivity, AI promises to help companies trim costs, widen margins, and scale output. Lately, though, the AI revolution is getting a second look. The massive data centres required to power AI are hitting a wall of local opposition. […]
If you haven’t heard of the F.I.R.E. movement (Financial Independence, Retire Early), its advocates focus on aggressive early saving to achieve financial freedom long before traditional retirement. But prior to F.I.R.E. going viral, David Chilton laid out the same blueprint in The Wealthy Barber. Published in 1989, Chilton’s classic has sold over 2 million copies […]
By: Jeff Pollock It’s difficult to dispute the seasonal weakness that September historically accompanies. Many call it the “September Effect”. Going back almost a century, it’s the only month of the year when the S&P 500 statistically posts a loss more often than a gain. Since 1930, September has delivered a median return of -0.4%. […]
Strategist Ed Yardeni coined the phrase “bond vigilantes” in 1983. It describes the bond market investors who sell government bonds to drive yields higher as a protest against inflationary government policy. Recently, we’ve watched these vigilantes emerge not only in the U.S. but in several places around the globe (Japan, France, and Germany). The 30-year […]
Dream Industrial REIT owns and operates a portfolio of several hundred industrial properties totaling over 75 million square feet across urban markets in Canada (62%), Europe (25%), and the U.S. (13%). Last quarter, the REIT raised its monthly distribution for the first time in 13 years. Investors currently enjoy a 5% annual yield, returning $500 […]
Buying stock on margin occurs when you borrow money to purchase securities. It’s called leverage because it magnifies your results in both directions. Warren Buffett has said “if you’re smart, you don’t need it; if you’re dumb, you shouldn’t use it.” For example, imagine you have $100,000 of your own money to invest but you […]
Asset bubbles occur when speculation and emotion drive prices far beyond their fundamental value. With the S&P 500 delivering double-digit gains in 2023, 2024, and 2025, it’s easy to see why some assume we’re in one today. While every bubble has its own backstory, they all follow a familiar pattern. Here are some of the […]
