EN | FR

Commentary

Filter By:
Commentary

Canso July 2017 Market Observer

The drama has been unrelenting over the last quarter, but luckily it does not involve the financial markets. The Washington reality politics show featuring the Tweeter in Chief versus the “FAKE MEDIA” has transfixed the…
Commentary

Canso May 2017 Market Observer

Pardon our editorial tardiness, for many of us have been away in France for the Vimy100 commemorations. Read the full newsletter at the link below. Canso July 2017 Market Observer…
Commentary

Canso March 2017 Corporate Bond Newsletter

Not since German singing sensations Boney M belted out “Ra Ra Rasputin” has a Russian received so much air time in the good old USA. From conspiracy, to hacking, to spying, Russia’s President Putin has…
Commentary

Canso January 2017 Market Observer

Fear was dominant in early 2016. The financial media was full of doom and gloom. Talk of negative interest rates and the impotency of monetary policy were the financial fashion. In February the veritable towel…
Commentary

Canso October 2016 Market Observer

The “Greater Fool” investment theory postulates that when the price of a financial asset soars well above its fundamental value, the price appreciation is due to the prospect of a greater fool buying it from…
Commentary

Canso August 2016 Corporate Bond Newsletter

Another quarter in the books and the confusion, doubts and jitters of fixed income investors remain. Continued central bank procrastination, falling government bond yields and modest credit spread compression summarized the quarter. “Damn the torpedoes”,…
Commentary

Canso July 2016 Market Observer

We had quite an extended discussion in our last Market Observer in April on the low level of interest rates. We ended by saying: “The good news is that despite the gloom and doom, things…
Commentary

Canso May 2016 Corporate Bond Newsletter

With everything else going on who actually had time to watch college basketball this spring? (Hint Villanova won). World leaders were busy, putting pen to paper to ratify the Paris Climate Agreement, choosing up sides…
Commentary

Canso April 2016 Market Observer

The first quarter of 2016 saw some of the most manic trading in our combined market experiences. We believe that this was a “perceptional market”, one driven by investor perceptions, what John Maynard Keynes called…