Category: Authored by Scott Smith

• 07.01.22 – When The Dip Keeps On Dipping

  In a recent issue of Invested, we explored why the “Fed put” may be kaput, and what this means for investors. With inflation at levels not seen since the 1980s, the Fed is less likely to provide the liquidity needed to support financial markets, spelling trouble for investors that have been conditioned to “buy the dip”…

  investedvip

  July 4, 2022

  Authored by Scott Smith

• 06.03.22 – Is the “Fed Put” Kaput?

  The notion that the Federal Reserve (Fed) stands ready to inject liquidity into markets (i.e., lowering interest rates or quantitative easing) when stocks struggle is known by investors as the “Fed put”. From an economic standpoint, when the stock market experiences severe drawdowns, this can lead to a decline in economic activity, which then has implications…

  investedvip

  June 10, 2022

  Authored by Scott Smith, Uncategorized

• 04.29.22 – How Commodities Can Give Your Portfolio a Fresh Start

  Katy Milkman authored a book that was published in 2021 titled “How to Change – the Science of Getting from Where You Are to Where You Want to Be.”  Milkman is a behavioural scientist and a professor at the Wharton School of the University of Pennsylvania and specializes in change management. In the book, Milkman…

  investedvip

  April 29, 2022

  Authored by Scott Smith, Uncategorized

• 04.08.22 – Bamboozled by Backwardation

  

  Commodity markets are a challenging area of finance for investors to navigate. Because of the increased complexity, many investors obtain their desired commodity exposure through publicly traded companies that produce the underlying commodity. However, this ends up diluting the anticipated exposure with company-specific risk. This additional layer of company-specific risk can be an undesirable feature…

  investedvip

  April 11, 2022

  Authored by Scott Smith

• 03.11.22 – “russian paper”

  Freaking Out Author: Madi Watt — Analyst The disposition effect is a well-studied behavioural finance anomaly which shows that individuals dislike losses more than they enjoy gains. In financial markets, this translates into investors selling their “winners” too early and holding onto their “losers” too long, in the hopes that they will recover and avoid taking a…

  investedvip

  March 29, 2022

  Authored by Scott Smith

• 02.25.22 – “the equity duration fugazi”

  The Equity Duration Fugazi Author: Scott Smith — Chief Operating Officer As interest rates have mounted higher over the course of 2022, both equity and bond valuations have come under pressure as financial conditions tighten. Technology stocks in particular have been affected, leading many market participants to believe that tech stocks are more vulnerable in a rising…

  investedvip

  February 24, 2022

  Authored by Scott Smith

• 01.28.22 – “the ETF bubble myth”

  Bursting the ETF Bubble Myth Author: Scott Smith — Chief Operating Officer, Viewpoint Investment Partners With financial markets on a roll in 2021, exchange traded funds (ETFs) drew a fair amount of criticism for their perceived role in lifting stock markets to new highs. Though monetary policy and central banks might have been “public enemy number one”…

  investedvip

  January 31, 2022

  Authored by Scott Smith