The continued economic re-opening and successful vaccine distribution in many regions (especially in the U.S.) allowed for a release of pent-up consumer demand.  However, global supply lines remain somewhat dislocated…

The continued recovery from the Covid recession translated into strong returns for global equity markets and negative returns for bonds in the first quarter.  The “risk-on” reflation trade is under…

To say 2020 was a challenging year would be a major understatement, and to say it was unprecedented has become cliché.  We were all tested last year.  Some of us…

  How did the markets do? Equity markets rallied as re-openings in many economies exceeded expectations and hopes grew for a Covid-19 vaccine. Volatility picked up in September and into…

  How did the markets do? Stocks around the world rebounded strongly from their March 23 lows, as massive fiscal and monetary stimulus packages came into force. Investors looked passed…

  How did the markets do? All major equity indices across geographies, market caps, and sectors exhibited significant declines in the first quarter.  The rapid spread of the COVID-19 virus…