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 […]
SpaceX shares made their long anticipated debut to the public market on Friday, June 12. The demand was unprecedented. Not only was it the largest offering in history after raising over $75 billion, but brokerage firm Charles Schwab also said it was the fifth most active day in their company’s 50-year history. SpaceX’s pre-open price […]
Yes, Canadian banks are trading at valuation multiples unseen in years. However, comparing these multiples to their historical valuations may not make all that much sense. The banking industry has changed drastically over the years. Decades ago, banks were mostly just mortgage lenders. They would take in deposits from savers, keep a very small fraction […]
