Newsletters

Dear friends, We hope this letter finds you well. It is a new year, so we write to give our thoughts on two topics: the stock market and interest rates.   As you are aware, fixed income investments (i.e. those that pay a fixed rate of interest and promise to return your principal at a […]

Dear friends, We hope this letter finds you well. Since our last correspondence, we have witnessed the failure of a few small U.S. banks, including Silicon Valley Bank (SVB) and uncertainty lingers about the U.S. and European banking systems. Some investors are concerned that the failure of these few small, regional banks including SVB (and […]

We hope this letter finds you well. As we write, markets continue to struggle after significant declines from all-time highs reached in December, 2021. Globally, stocks are in a bear market (think: hibernation). In the wake of a huge and surprising rally in stocks since March 2020, investor sentiment has flipped from cheerful to gloomy. […]

We hope you are keeping well. Since our last correspondence broad Canadian and U.S. stock indices have declined, or corrected [a “correction” denotes a decline of 10%-20%]. While 2022 began with the S&P 500 at an all-time high, it had plummeted close to 20% through May 18[1]. The NASDAQ 100 Index, with a heavy weighting […]

We hope you are doing well. We look forward to seeing all of you in person once it is safe to do so. In the meantime, it is business as usual at APEX – know that we are here for you and just a phone call away. Before we get to our investment update, we […]

We hope that you are enjoying a happy holiday season despite the lockdown provisions. We hope you and your families are coping well. Here is wishing you a Happy New Year – and good riddance to 2020. It has been a crazy year! To begin, we would like to comment on the recent U.S. election […]