January Commentary & Performance Review

January 2020 Start of Tumultuous Twenties One century ago, in January 1920, the League of Nations was officially inaugurated following the Treaty of Versailles, providing a forum for resolving international disputes. This was the foundation for the organization we now...

December Commentary & Performance Review

December 2019 2019 Wrap Up Whether assisted by a Santa Clause Rally or the announcement of a Phase 1 trade deal, the S&P 500 finished 2019 up 30% (total return in local currency), an impressive feat for a “late cycle” market. The annual returns were spurred on by...

October Commentary & Performance Review

October 2019 Interest Rate Movements & Canadian Dollar Growth Progress in trade talks continued this month between negotiators representing the U.S. and China. Representatives from the two countries appear to have reached an agreement on a ‘Phase 1’ deal, which...