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Strategic Updates

Peter Cavelti’s essays have been printed and quoted in papers, magazines and newsletters internationally, including The Wall Street Journal, Barron’s, The Financial Times, the Financial Post, The Globe and Mail, Money, Personal Finance and World Link. Peter releases new commentary as inspired by current events and the desire to share information with an independent, unbiased voice.

Of Fear and Fatigue

What does a prolonged climate of fear and the resulting fatigue do to individuals, society, the financial markets, the shaping of our future and future generations? And what kind of world do we want to create?

The Next Seven Weeks

We elaborate on the four factors that will dominate the ramp-up to the U.S. presidential election: power politics, the election aftermath, central bank posturing, and Covid-19 dynamics.

A Second Catalyst

I’m deviating from my usual quarterly format, primarily because events warrant an update. Since I last wrote just eight weeks ago, we’ve gone through a number of Covid-19 induced changes. The most visible fallout is on the economic front, where GDP contraction and employment loss remind of the Great Depression.

A New World

Covid-19 has made the world into a new place. Not just “out there”, but in our homes and workplaces. From here on, we’ll be doing many things differently, maybe for a few months and maybe for decades to come. It’s important to understand how we got here.

Against All Expectations

In this issue, we review a year in which markets—against all expectations—continued to advance, against an exceptionally challenging background. We also look ahead at 2020 and beyond, considering key political, economic and social issues, both at home and globally.

Disruption Everywhere

America’s executives and board members have sold a combined $19 billion of stock in their companies through to mid-September. If we annualize that, it puts insider sales at a two-decade high.

Command and Control

Once again, predictably and on time, the U.S. Federal Reserve and the European Central Banks, have shifted gears. After talking tough for most of the past year, the world’s key monetary agencies have softened their stance.

The Narrative Changes

As I wrote three months ago, the stock market has for some time been a risky place to be. Yet, with few exceptions, financial columnists, the talking heads on television, and the major investment firms sang the same chorus—the economy, they chirped, is doing just great and a major correction is months, perhaps years, away.