CIBC Private Wealth Management Blog
Dave Donabedian, CFA
Investments

Four Common Questions Investors Have About Our Economic Outlook

Dave Donabedian, CFA
August 21, 2019

What’s behind the selloff in equities and rally in bonds? We believe the perceived rising risk of recession is based on the following recent events: August 1 U.S. announcement of additional tariffs on $300 billion of Chinese goods Chinese response of weakening the yuan and further potential retaliation Very weak economic data from Europe, and softer Chinese data ...
Investments

China: Why Now?

Dave Donabedian, CFA
April 30, 2019

If you pay attention to sensational news headlines and sound bites, you may be convinced that China is no longer the global force it used to be. Fifteen years ago, The New York Times first referred to the 21st century as the Chinese Century. More recently, however, headlines related to China have warned us about bubbles bursting, slowing economic growth, and hard landings. Has China lost its...
Investments

Q&A on the Economy and Markets

Dave Donabedian, CFA
January 08, 2019

Today’s market environment is unusual, to say the least. Historically, the average bull market has lasted half as long as the one we are currently experiencing—all the while, inflation is still very low. Add to that unpredictable monetary policy and political uncertainty, and it’s no wonder investors are questioning what to do next. In response to the thought-provoking questions we’ve...
Investments

The Stock Market in 2019: Desperately Seeking Clarity

Dave Donabedian, CFA
January 02, 2019

In 1998, the Asian financial crisis crashed onto our shores, producing a 20% drop in the  S&P 500 over six short weeks. In 2008, the worst of the Great Recession hit, and the S&P plummeted 38% for the year. And now, we bid good riddance to 2018, a year which featured two market corrections— one early , one late —and a 4.4% decline for the year. As we consider where equities...
Investments

What's Bothering the Stock Market?

Dave Donabedian, CFA
December 11, 2018

Volatility—and in a downward direction—returned to global equity markets in the early days of December. The S&P 500 Index (S&P 500) was down about 4.6% last week, and is off more than 10% from its all-time high in September. On a year-to-date basis, the total index return is essentially flat. 1 We see three fundamental factors impacting sentiment, boosting volatility...