Drummond Brodeur's blog

Bungee Jumping into Recession

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We are in the most uncertain of times. The global pandemic is still accelerating, and unprecedented policy stimulus, funded by unimaginable debt burdens, has been unleashed. Tens of millions have lost their jobs with many only just learning how permanent the losses will be as business shutdowns begin to ramp in coming quarters.

Investing in the Eye of the COVID Storm

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By Drummond Brodeur, Senior Vice-President and Global Strategist – We enter the second quarter in a virtual lockdown as the world reels from the impact of the global COVID-19 pandemic. Having exploded across China in February, the virus spread quickly through the developed world in March and, we fear, may continue to make explosive inroads into many emerging economies in the coming month(s).

2020: May You Live in Interesting Times

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There is little doubt that both 2020 and the 2020s will prove to be interesting times. Almost everything we have known from a global economic, market, political and social perspective seem to be in a state of flux vs. the broad norms that have existed for the better part of all of our lives!

Modern Portfolio Theory, RIP

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For investors, the biggest shift over the past quarter was the definitive return by global central banks to easing mode as the U.S. Federal Reserve (Fed) cut its target interest rate for the first time in over a decade, while the European Central Bank (ECB) cut rates to -0.5% and restarted its quantitative easing (QE) program. For now, the highs in interest rates are behind us and we expect them to keep heading lower through 2020. For savers and risk-averse investors this is a massive headache.

Introducing Signature’s Back to School Series

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As summer wraps up and students head back to school, the Signature team is pleased to offer their own educational series. Back to School is a collection of videos that provide current views on the markets, from credit and rates to FX, commodities and equities. Watch these videos to gain valuable global insights from Signature’s sector specialists and portfolio managers.

A comment on recent market volatility

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Given the number of inquiries I’ve received regarding the recent sell-off in global equity markets, I thought I’d share a few quick observations from Signature’s perspective.

Next week, Eric will be holding a webcast along with other team members, so a more detailed perspective will also soon be available.

The quick conclusion is that while we want to respect the changes taking place in terms of market expectations, we perceive the current correction as setting up an opportunity to increase exposure to risk assets and not a time for fear or panic.

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