With the Bank of Canada and the U.S. Federal Reserve well underway in their hiking cycles, we wonder how many days are left until the punch bowl is taken away.

With the Bank of Canada and the U.S. Federal Reserve well underway in their hiking cycles, we wonder how many days are left until the punch bowl is taken away.
Despite all the optimism about improving global economic conditions, we think we’re transitioning to more challenging times.
This is the first time since 2010 that we have seen synchronized expansion and it seems reasonable to expect it to continue.
It is no secret that the current bull market runs in stocks and bonds are long by historical standards. But bull markets do not die of old age.
The fact that bonds are less attractive on a yield basis today should not detract from their ability to protect capital better than equities in a downturn.
Warren Buffett predicted the Dow Jones Industrial Average (DJIA) will reach 1 million within a hundred years. It’s not so far fetched if you do the math.