December Update, 2018: The Story Remains The Same

Stock markets around the world have entered the final stretches of the year in a foul mood. While fundamentals are the law in the investment business, the short run price action is all about confidence. Economic growth is strong. Corporate profits are at records. Confidence in the future is low. Markets always overreact to good … Continue reading December Update, 2018: The Story Remains The Same →

November Update, 2018: When Markets Fall

Stock markets fall with a great deal more regularity than many care to believe.  Sometimes falling markets reflect investors’ collective fear that profits will fall generally across the economy. The causes of fear can be varied but usually involve concerns of rising interest rates slowing the economy. At other times, political events, trade friction with other … Continue reading November Update, 2018: When Markets Fall →

An Open Letter to Prime Minister Trudeau

In 1980, your father’s government designed the National Energy Program (NEP). The goals of the policy as stated in the budget of 1980 were to be the  "security of supply and ultimate independence from the world oil market; opportunity for all Canadians to participate in the energy industry; particularly oil and gas, and to share … Continue reading An Open Letter to Prime Minister Trudeau →

September Update, 2018: The Cost of Privacy

We have written regularly about the threat government regulation could have on the information technology companies you own. The headlines recently have demonstrated that our concerns were well founded. Concerns about the power that Amazon, Facebook, Google, and to a lesser extent Apple (we will call them GAAF for short) exert over the world with … Continue reading September Update, 2018: The Cost of Privacy →

Cannabis Flash, September 2018

Below is a video about CannTrust Holdings Inc., a portfolio investment at Davis Rea which we have written about previously. It's the only real business-oriented, non-promotional cannabis company listed in Canada and is rumoured to list on the Nasdaq soon. We have owned it for quite some time and they continue to under promise and … Continue reading Cannabis Flash, September 2018 →

Technical: Turkey Is In The Oven

Key Points: • Major U.S. dollar bull markets and Fed rate-hiking cycles usually cause serious problems for emerging markets. • Turkey is mired in crisis that is largely of its own making. However, a number of emerging market economies have similar problems and are vulnerable to spillover effects. • Developments thus far are not that … Continue reading Technical: Turkey Is In The Oven →

Technical: Quitaly? More Likely Than Most are Willing to Acknowledge

Analysis: •       The long period of greater European integration dating back to 1950 is being challenged by Brexit and the recent election of a populist Euro-sceptic coalition government in Italy. •       Italy has been at the heart of the so-called European Project since the beginning. However, its poor economic performance since joining the euro on January 1, … Continue reading Technical: Quitaly? More Likely Than Most are Willing to Acknowledge →

August Update, 2018: Digital Health

We have frequently written about technology and its impact on different industries. Healthcare, a major area of interest for Davis Rea, touches so many people globally. The perfect type of industry to invest within. Unfortunately, the costs of care are soaring and fewer every day are eligible or able to afford care even as our … Continue reading August Update, 2018: Digital Health →