Paul's Market Insights
Paul's Market Insights is our bi-weekly communique to provide clients with current insights on financial markets.
Written By Paul Siluch
July 20th, 2023
When the ancients stared into the sky at night, they saw themselves in the stars. People, animals, gods, demons – the night sky was the palette of their imaginations.
In the decades after the first flight of the Wright brothers in 1903, people looking up now saw not only birds, but airplanes. Our world now included humans in the sky, as well as on the Earth.
Our imaginations really opened up with the advent of jet engines, rocketry, and the atomic bomb after 1945. Suddenly, we could not only imagine going to space using brand new science, but we also saw it in real life. It was in 1947 that the first official UFO sighting was made public by a pilot in Washington State.
Written by Paul Siluch
July 4th, 2023
It’s July now. The midway point of the year. Half-way home.
At the beginning of 2023, many analysts predicted that the year would start weak and end strong. Instead, we’ve had just the opposite. Canada’s main index is +5.7 per cent to start the year, while the Nasdaq has soared over +30 per cent.
It’s not all great, though. Global bonds are -0.94 per cent for the first six months. We’ve raised interest rates steadily since January, and bonds hate this.