February edition of Portfolio Construction: This is what it sounds like when doves cry
Markets roared back in January from December’s steep sell-off. The S&P/TSX Composite Index was up 8.7% – it’s best month in a decade. In the U.S., the S&P 500 Index had its best January performance in over 30 years. International equities also surged and the “risk-on” sentiment echoed across other asset classes, such as corporate bonds. This is hardly the outcome one would expect to go along with mixed corporate earnings and growing evidence of a slowdown in global economies. If underlying fundamentals haven’t changed, then what gives? Read More.