Markets review – April 2025

FINANCIAL MARKETS REVIEW Looking at the month’s performance, one might be tempted to believe that we’ve just witnessed a quiet month. Nothing could be further from the observed reality. April 2nd was proclaimed Liberation Day by Donald Trump. Stock market...

Markets review – March 2025

FINANCIAL MARKETS REVIEW The trends observed in February continued in March. Technology stocks (Mag7) lost more than 10%, while the S&P 500 index lost 5.6%. Defensive stocks and sectors performed best. The Canadian market, although negative, strongly outperformed...

Markets review – February 2025

FINANCIAL MARKETS REVIEW February was characterized by a change in stock market leadership. Stocks (e.g. technology) that were driving the indices up underperformed. Defensive stocks and sectors performed best. We will come back to this. North American stock markets...

Markets review – January 2025

FINANCIAL MARKETS REVIEW January was marked by bouts of volatility, courtesy of President Trump. Despite this, stock markets ended higher, following strong corporate financial results and falling inflation. The US stock market rose 2.8%, while the Canadian stock...

Markets review – December 2024

FINANCIAL MARKETS REVIEW After massively celebrating the election of Donald Trump, stock markets recovered in December. The S&P 500 index fell by 2.4%, while the TSX index returned -3.3%. Elsewhere in the world, stock markets were slightly positive, including...