Category: Macro
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Markets in Motion: Is an Oversold Gold Sector Setting Up for a Summer Rebound?
Oversold Gold Conditions Gold miners have endured a punishing correction. Extreme oversold conditions and improving seasonality could be laying the groundwork for a potential turnaround, according to portfolio manager Bruce Campbell. After a powerful rally earlier this year, gold mining equities have pulled back sharply. The sector registering down approximately 35 per cent from its recent…
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Markets in Motion: Manufacturing strength fuels market momentum
Economic strength emerges where investors least expected it Consumer sentiment remains near historic lows, yet markets continue to push higher — a disconnect that has left many investors scratching their heads. In this week’s Markets in Motion, Bruce Campbell points to a key factor helping explain the divergence: manufacturing. Recent data shows manufacturing activity reaching…
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Markets in Motion: record highs raise valuation concerns
Strong markets, but are valuations flashing warning signs? In this week’s Markets in Motion, Bruce Campbell highlights the CAPE ratio, a long-term valuation metric that compares price to earnings. Currently sitting around 38, well above the historical average of 17, it suggests markets are trading at elevated levels. Historically, periods like this have been followed…
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From Global Tensions to Canadian Strength: Volatility, Commodities & Capital
Markets have remained volatile through April, driven by geopolitical tensions in the Middle East and rapid shifts in investor sentiment. In this episode of The Market This Month, Anna Serin and Bruce Campbell break down the recent market swings, the divergence between oil and metals, and why Canadian markets — particularly small and mid-caps —…
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Markets in Motion: sentiment resets as rotation picks up
Sentiment cools as new leadership starts to emerge In this week’s Markets in Motion, Bruce Campbell highlights how sentiment has dropped following geopolitical tension in Iran, while fund manager cash levels have climbed back into a more neutral range. That matters because extremely low cash levels had previously signalled that markets were vulnerable to a…
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How OTC Markets opens the door to U.S. investor capital
Welcome to The Expert Exchange, part of our Investing Has No Borders series — a global look at how investors can unlock opportunities beyond their home markets. In this session, we focus on U.S. markets with Jason Paltrowitz, Executive Vice President at OTC Markets Group, the largest U.S. trading venue for international equities. Jason breaks…
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US Industrial Production Unchanged in April
Industrial production in the United States in April remained unchanged in April compared to the month prior, the Federal Reserve shared in its report posted on Thursday. The industrial output fell 0.4% year over year. Manufacturing production edged down 0.3% month on month and 0.5% compared to April 2023. Mining lost 0.6% compared to March…
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April US Import Prices, Export Prices Both Rise Faster Than Expected
US import prices rose by 0.9% in April, well above the 0.3% increase expected in a survey compiled by Bloomberg as of 7:40 am ET and following a 0.6% gain in March. U.S. import prices rose by the most in two years in April amid rising costs for energy products and other goods, suggesting that…
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US initial jobless claims down by 10,000 to 222,000
The number of seasonally adjusted initial jobless claims in the United States saw a weekly decline of 10,000 to 222,000 in the seven days ending May 11, the Department of Labor revealed in its report published on Thursday. The 4-week moving average grew by 2,500 to hit 217,750. The advance seasonally adjusted insured unemployment rate…
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US housing starts up by 5.7% in April
Privately‐owned housing starts in the United States saw a monthly increase of 5.7% in April to reach 1,360,000, the US Census Bureau unveiled in its report published on Thursday. Compared to April 2023, the figure declined by 0.6%. Single-family housing starts decreased by 0.4% month-on-month to land at 1,031,000. Privately‐owned housing completions rose by 8.6%…