Monthly Commentaries

MacNicol’s Monthly Commentary - November 2020 Donald Trump is 74 years of age. Joe Biden is 77 and will be turning 78 around the time of the US Thanksgiving. Neither man made age an issue in their respective campaigns, because quite frankly President Trump presented enough “issues” in his campaign and indeed during his entire [...]

MacNicol’s Monthly Commentary - September 2020 You have to admit that Jeopardy is one darn good game show. Its the sort of mental diversion one can take to temporarily “zone out” of all of life’s challenges but in a way that leaves your mind feeling clear, well balanced and alert. One obvious category would have [...]

MacNicol’s Monthly Commentary - August 2020 The concept of time is a funny thing. Sometimes one hour feels like an eternity and sometimes one year feels like the blink of an eye. Oddly enough, when I reflect upon the year so far, it is as if the year has passed in a blink of an [...]

MacNicol’s Monthly Commentary - June 2020 Don’t look now but the S&P500 is back over 3,000 points. Yes, I let out an incredulous gasp myself. The absolute level of the S&P500 was thing but I was much more surprised by the speed the index “tore” away from a well defined trading channel during most of [...]

MacNicol’s Monthly Commentary - May 2020 Though a large contingent of lawmakers, central bankers and health care experts continue to deal with the enormous economic and human impact of COVID 19, attention is beginning to shift towards what life may look like once the crisis has passed. The MacNicol Investment Team is cautiously optimistic about [...]

MacNicol’s Monthly Commentary - March 2020 Late February’s stock market action has the dubious distinction of having set a number of dastardly investment records. We will avoid rehashing the painful plethora of horror stories here as many investors continue to lick wounds. At the same time some market stats made even our eyes water and [...]

MacNicol’s Monthly Commentary - February 2020 I earned a Science Degree from the University of Toronto in the late 1990’s. Among the more challenging courses I took in those days was human immunology. Human immunology gave me the opportunity to learn how the body fought off bacteria and viruses, and whole host of other interesting [...]

MacNicol’s Monthly Commentary - December 2019 My friend wanted to learn more about real estate to provide his clients with better information when it came to their investment options. Institutional sales can be a tough, competitive business where you only “eat-what-you-kill” so it is important to have a competitive edge. With real estate being one [...]

MacNicol’s Monthly Commentary - November 2019 One of the things that working with the MacNicol team can do is help you avoid investment myopia, the natural tendency to focus on the short-term. Apart from helping investors avoid “bubbles” partnering with us can allow your overall cost of investments to fall. In James Montier’s little book [...]

MacNicol’s Monthly Commentary - September 2019 Speaking of efficacy, the on-going trade talks between the US and China have dragged on and domestic economic indicators are beginning to join global ones in their decline. We referenced the slowdown in the US manufacturing sector on the front page of The Monthly noting that Institute of Supply [...]