Q3 2025 Market Commentary

Q3 2025 Market Commentary

Market Overview The third quarter of 2025 delivered broad gains across virtually all asset classes, overcoming cautious economic sentiment. Global equity markets rallied to new highs, supported by strong corporate earnings and growing optimism that interest rates have...
Q2 2025 Market Commentary

Q2 2025 Market Commentary

Market Overview The second quarter of 2025 began with significant market volatility but ended on a strong note for risk assets. Early April saw a sharp selloff amid geopolitical concerns (a brief trade tariff flare-up and conflict in the Middle East). Still, these...
2025 Q1 Market Commentary

2025 Q1 Market Commentary

  Introduction The first quarter of 2025 brought several significant macroeconomic developments. Inflation showed signs of stabilizing near central bank targets, prompting cautious shifts in interest rate policies. Meanwhile, the Bank of Canada (“BoC”) and the U.S....
2024 Q4 Market Commentary

2024 Q4 Market Commentary

  Key Takeaways from Q4 2024 RWM Growth Fund finished 2024 with a record net annual return of 13.86%. RWM Preservation Fund finished 2024 with a record net annual return of 9.11%. The US Dollar appreciated another 8.5% in 2024. President Trump’s tariff policies...
Markets with Mike – December 2024

Markets with Mike – December 2024

  “We have two classes of forecasters: Those who don’t know—and those who don’t know they don’t know.” – John Kenneth Galbraith   Outlook for Markets in 2025 With only days left in 2024, it’s fair to call this year remarkable for financial...