Saks Global files for bankruptcy after Neiman Marcus takeover leads to financial collapse - CBC Jan 14th
Making sense of the markets this week: April 28, 2024 + MORE Apr 26th
Sotheby’s Big T. Rex Auction Raises Concerns Hype and Wealth Are Upending Science - WIRED Jul 14th
Canadian Partnership Against Cancer: Working together to reduce the heavy burden of cancer - The Hill Times + MORE Feb 10th
Alberta government names former PM Harper as AIMCo board chair, reappoints three former members - Calgary Herald + MORE Nov 20th
US bank Silvergate hit with $8bn in crypto withdrawals – BBC
– news.google.ca
Making sense of the markets this week: January 8, 2023
– moneysense.ca
Putting 2022 into context (it was pretty bad)
What caught my eye this week? This chart from Ben Carlson:
Source: A Wealth of Common Sense
When you combine those U.S. stock market returns with the -13% return on the Bloomberg Aggregate Bond Market Index (by far the worst in 40-plus years), you’re looking at some historically awful returns for the largest capital market in the world. In fact, in the context of the traditional balanced 60/40 portfolio (60% stocks and 40% bonds), 2022 was the third worst year on record for American investors.
Take note of 2022’s line (third from the top):
Source: A Wealth of Common Sense
Canadian investors experienced a gentler year with the S&P/TSX Composite Index posting a loss of 8.5% in 2022. And the Solactive Canadian Select Universe Bond Index shows that Canadian bonds were down about 11%…
