Economies Will Recover from the Pandemic, but What Shape Will it Resemble – V, W, U, L, Nike Swoosh?
There might be no bigger financial question now than the form of the pandemic’s economic recovery. Without broad agreement on what the letters mean, there is intense debate over the shape the recovery will resemble [...]
The SARS-CoV-2 pandemic precipitated an unprecedented global social distancing lockdown. The ensuing economic contraction remains severe, and the corresponding market collapse was the fastest in history.
During this unprecedented and challenging time, I’d first like to thank all the frontline workers. Medical, emergency services, military, grocery, public transit, legislators, and the army of volunteers all deserve our appreciation. We would be [...]
As COVID-19 becomes widespread, Thornmark is prepared for the possibility of a more severe outbreak in the Greater Toronto Area (GTA).
The Coronavirus threat has destabilized global stock markets. I want to let you know what Thornmark has done to protect our clients' investments.
As we begin 2020, North American equity markets are near all-time highs. Interest rates are at generational lows, trade wars wane, inflation remains low, and economic growth and corporate earnings are poised to improve.
A recession is technically defined as two consecutive quarters of contracting GDP. While the National Bureau of Economic Research (NBER) is the official arbiter of the timing of U.S. recessions, determinations are only possible in [...]
Despite no fundamental improvement, equity markets have been on a tear in 2019. For the first time since 2016, S&P 500 average earnings declined, year-over-year. As geopolitical risks remain elevated, economic and earnings forecasts [...]
Last year’s fourth quarter equity market sell-off sparked much discussion in the media, around kitchen tables and in Uber rides alike, about the potential demise of the North American economic expansion. Paradoxically, feckless human nature [...]