Market Ethos - June 11th, 2018

Published by Richardson GMP Asset Management on Jun 11, 2018

Does the Market Overreact?   Markets often appear to overreact, not just at the index level but at the individual company. In this Ethos we take a quantitative look at big price moves and find the scenarios the market is likely to overreact to news or... Continue reading

Market Ethos - June 4th, 2018

Published by Richardson GMP Asset Management on Jun 04, 2018

Market Cycle Checkup   U.S. employment drops, good data, rising yields, this is starting to look like a textbook cycle. In this Ethos we share our Market Cycle indicators which continue to indicate we are in the late cycle but still some room to run.... Continue reading

Market Ethos - May 28th, 2018

Published by Richardson GMP Asset Management on May 28, 2018

Time to Fade Cyclical Yield?   Our focus on cyclical yield over interest rate sensitives has really helped our dividend strategies during this recent bout of rising yields. In this Ethos we share on views on the thematic and scenarios when we will begin... Continue reading

Market Ethos - May 23rd, 2018

Published by Richardson GMP Asset Management on May 23, 2018

Machine Learning Meets Portfolio Management   Machine learning and data science is gradually becoming a component of many investment managers processes.  In this excerpt from two larger reports, we provide a brief introduction to the concept and how we... Continue reading

Market Ethos - May 14th, 2018

Published by Richardson GMP Asset Management on May 18, 2018

Mental Accounting   From a behavioural perspective, how we account for things, even money, changes our decision making process. In this Ethos we share how mental accounting lead us to discover and develop an investment strategy targeting company spin-offs... Continue reading

Market Ethos - May 7th, 2018

Published by Richardson GMP Asset Management on May 18, 2018

What is Risk?   We often think of risk simply in terms of the equity markets, yet there are many kinds of investment risk. In this edition, we share other kinds of risk that may not be as popular but are becoming more important for investors. And new... Continue reading

Market Ethos - April 30th, 2018

Published by Richardson GMP Asset Management on Apr 30, 2018

Talkin Earnings   Earnings season is past the halfway point and while results have been great, market reaction has been muted.  In this week’s report we share our views as to why and take a look at a troubling late cycle trend in margins. Continue reading

Market Ethos - April 23rd, 2018

Published by Richardson GMP Asset Management on Apr 23, 2018

What Happens at 3.0%?   U.S. 10-year Treasury yields are on the cusp of breaching the 3.0% level. This has proven a critical level dating back to 2013. In this report we share our views on inflationary pressures, bond yields and how markets may react... Continue reading

Market Ethos - April 16th, 2018

Published by Richardson GMP Asset Management on Apr 16, 2018

The Million Dollar Question   In this week’s edition we share an analysis that looks at all past recessions and bear markets since the late 1940s. If a recession is not going to start in the next six months, it is usually best to stick in equities. We... Continue reading

Market Ethos - April 9th, 2018

Published by Richardson GMP Asset Management on Apr 09, 2018

Cracks in the Foundation Widening   Canadian houses have caught the eye of global investors following decades of consistent growth and all but a slight decline during the great recession. Then as home prices started catching fire, foreign money started... Continue reading