While leadership changes at the Fed can spark uncertainty, the S&P 500 historically rallies whenever a new U.S. Federal Reserve Chair is appointed. In fact, going back to 1970, the S&P 500 has gained 12.7% in the twelve months that follow. This data is particularly timely, as Jerome Powell’s term ends on May 15, 2026. […]
In the world of behavioral finance, there is a well-documented phenomenon known as loss aversion. Nobel Prize-winning psychologists Daniel Kahneman and Amos Tversky found that the pain of a loss is psychologically twice as powerful as the joy of an equivalent gain. Statistically, most investors require at least a 2-to-1 gain to offset the emotional […]
Our investment in Canadian Utilities (“CU”), which delivers gas and electricity, in November 2023 was based on a straightforward premise: its attractive 5.7% dividend yield positioned it as a prime beneficiary of anticipated interest rate cuts. We believed falling rates would naturally enhance the appeal of high-yielding dividend stocks like CU for income investors seeking […]
