CIBC Private Wealth Management Blog
Dave Donabedian, CFA
Investments

COVID-19 fallout: An acceleration in de-globalization

Dave Donabedian, CFA
May 01, 2020

Background Perhaps the most important economic and investment trend of the last generation was globalization. Sparked by the fall of the Soviet Union, the rollout of the common euro currency, the accession of China to the World Trade Organization and the creation of the North American Free Trade Agreement (NAFTA), national borders opened up to goods and services from around the globe. From...
Investments

Prospects for economic recovery

Dave Donabedian, CFA
April 23, 2020

In recent weeks, we’ve experienced the beginning of a deep recession due to the public health policy put in place to combat COVID-19. While we can’t say that the worst of the virus’ toll is behind us, CIBC Private Wealth Chief Investment Officer Dave Donabedian, CFA, contemplates what the economic reopening process—and ultimately, a recovery—might look like.
Investments

The math of the aftermath: Looking past the corona shock

Dave Donabedian, CFA
April 15, 2020

We’re already giving thought to what the world will look like when we’re past the worst of the coronavirus. A return to normalcy will, in a number of dimensions, still be a new normal. The last crisis left behind a changed financial system, a pile of government debt, a long road to full employment and a cycle in which the new normal for interest rates was much lower.   So, we ask...
Investments

The intentional recession: Markers along the road

Dave Donabedian, CFA
April 01, 2020

When will the economy begin to recover? CIBC Private Wealth Chief Investment Officer Dave Donabedian, CFA, provides insight into three critical issues: fiscal and monetary policy, Asian economies and the path of COVID-19 itself.
Investments

COVID-19 and the markets: Addressing four big questions

Dave Donabedian, CFA
March 23, 2020

Are we in a recession, and how bad will it get? Officially, recessions aren’t declared until after they are over. But, we are assuming that a recession began in March. The disruption to businesses and employees created by social distancing, shelter-in-place orders and more draconian measures to come will have an increasingly negative impact on activity. In short, hibernation is not good for...