“What is drama but life with the dull bits cut out” – Alfred Hitchcock Drama Is Constant The Attention Economy is, according to Wikipedia, “an approach to the management of information that treats human attention as a scarce commodity and applies economic theory to solve various information management problems. Put simply by Matthew Crawford, ‘Attention… Read More
The Smof Investment Blog
“In the old legend the wise men finally boiled down the history of mortal affairs into a single phrase: ‘This too will pass’” – Benjamin Graham The Stock Market Pulls Back This week, markets pulled back in a noticeable way. The S&P/TSX Composite Index finished down 3.3%; the S&P 500 was down 3.9%; the… Read More
The S&P 500 has been rising for almost 10 years, and on August 22nd, it officially became the longest U.S. bull market in history, reaching 3,453 days from its humble beginnings on March 9, 2009. Where do we go from here? How much longer will this last? Will there be a downturn soon? These are… Read More
On Sunday, the United States and Canada reached a last-minute deal to save NAFTA as a trilateral pact with Mexico. The full text of the agreement can be located here. The new United States-Mexico-Canada Agreement (USMCA) largely leaves the broad North American Free Trade Agreement (NAFTA) intact, and maintains current supply chains that would have… Read More
On March 9, 2009, the Dow Jones, the S&P 500, and the NASDAQ all bottomed out in the aftermath of the “Great Recession”. Since that date, all three indices have experienced rapid recoveries and expansion. We’ve now experienced nearly 10 years of expansion with few speedbumps along the way. When listening to commentary by economists,… Read More
“Fall seven times and stand up eight” – Japanese Proverb Weekly Update – By The Numbers North America The TSX closed at 16,073, down -151 points or -0.93% over the past week. YTD the TSX is down -0.84%. The DOW closed at 26,458, down -286 points or -1.07% over the past week. YTD the DOW… Read More