Invesco Canada blog

Insights, commentary and investing expertise

The U.S. Federal Reserve downplays inflation while GameStop captures the world’s attention


February 1, 2021
Subject | Industry views | Invesco | Macro views

Weekly Market Compass: Market speculation hit a new level this week with GameStop, and the U.S. Federal Reserve threw cold water on inflation concerns

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What to watch as 2020 comes to an end


December 14, 2020
Subject | Macro views

This is the last blog of the year for me. And what a year it has been — one full of loss. Loss of people, first and foremost, and also of businesses. It was just reported the other day that New York icon The 21 Club will be closing for good, the latest of many service-related businesses to sadly fall victim to the pandemic.  I think we are all eagerly waiting to close the books on 2020 and looking forward to brighter days in 2021. I want to thank the many health care workers and other frontline workers (including grocery store employees, emergency responders and teachers) who have risked their lives this year in the face of the pandemic. I think I speak for all of my Invesco colleagues in saying that I am in awe of you and all you have done this year.

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As COVID cases rise, the world looks toward a vaccine


December 8, 2020
Subject | Coronavirus impact | Macro views

While I have never lived in Florida, I have spent enough time there since childhood to be familiar with a weather phenomenon referred to as “the mean season.” It describes a brutal weather pattern that typically occurs in the late summer months. Hot, humid mornings are often followed by severe thunderstorms in the afternoon, which blow in from the ocean. However, the rain does not alleviate the heat — it actually exacerbates the heat in the evening, setting the stage for another hot, humid morning to follow. Hurricanes and tropical storms are sprinkled throughout the season, making it even more difficult. Throughout this oppressive weather pattern, there is typically no relief from the heat — and it can last for a month or more. Hence the term “the mean season.”

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Markets gain increased certainty on key issues


November 16, 2020
Subject | Coronavirus impact | Macro views

The British philosopher Bertrand Russell once said, “What men want is not knowledge but certainty.” I have been thinking a lot about that quote in the last several weeks, and how especially in such uncertain times, certainty may be more helpful than knowledge in allowing us to move forward.

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Fears of unrest rise on the eve of U.S. Election Day


November 2, 2020
Subject | Coronavirus impact | Macro views


Well, last week was in fact a Pepto Bismol kind of week, just as I had expected. No fiscal stimulus in the U.S., COVID-19 cases on the rise in Europe and the U.S., and growing concerns about the U.S. presidential election. It’s no wonder that the VIX volatility index has risen dramatically in the last few weeks, from 25 on Oct. 9 to 38 on Oct. 30.1 As I’ve said before, today’s election concerns aren’t your usual run-of-the-mill worries like we saw in past election cycles. Past questions focused on issues such as “What happens to stocks if corporate taxes go up?” This time around, it is “What happens if there is a contested election?” and “What happens if there is civil unrest?”  

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United States Ballot Box

Stay prepared for a volatile autumn


October 26, 2020
Subject | Coronavirus impact | Macro views

I am lucky enough to have developed a network of friends despite being a working mom. Some of these friends go back to childhood and high school, some are moms I have met through my children’s schools, and some are friends I have met in the workplace. They have provided a wonderful web of support throughout the chaos that can be child-rearing and everyday life. I have joked with them about particularly bad days — like a parent-teacher conference that we expected to go awry — as being “Pepto-Bismol” days, referring to the medicine used to combat upset stomach (an unfortunate symptom of many a crazy day).

Well, I feel some serious Pepto-Bismol days coming on, given the impending U.S. presidential election, the declining possibility of another U.S. fiscal stimulus package in 2020, and rising COVID-19 infection rates around the world.  

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Five questions we’re hearing from investors


October 1, 2020
Subject | Coronavirus impact | Macro views

There is a feeling of apprehension in markets. I can sense it in the questions I receive. I continue to get more run-of-the-mill queries such as: “Are stocks still overvalued at current levels?” But then there are the new questions, which reflect deeper concerns. Most of the election-related questions I have received are like none I have gotten before in my career.

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What will arise from today’s ‘creative destruction’?


September 14, 2020
Subject | Coronavirus impact | Macro views

It’s back to school season, and that invariably reminds me of my own education and all that I enjoyed learning when I was in school. One class that I found particularly thought-provoking was a business school class on the history of entrepreneurship. Interestingly, the curriculum started with Joseph Schumpeter, the economist who introduced the concept of “creative destruction,” which Schumpeter developed based on the theories of Karl Marx. Not surprisingly, I have thought a lot about Schumpeter’s views throughout the pandemic.

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