At a Glance
Advisory Highlight – Life After the Inflation Surge
- Inflation has cooled, but the price level remains permanently higher, squeezing household budgets.
- Clients are revisiting cash flow, savings rates, and debt priorities to adjust to this new cost environment.
- Our Retirement VIEW Plan stress-tests spending and retirement timelines across multiple inflation paths to keep long-term goals on track.
Market Review
- U.S. markets strengthened as inflation eased and rate cuts supported risk assets, with AI-linked sectors leading performance.
- Canadian equities held firm despite softer growth, led by gold, energy, and solid bank earnings.
- Europe posted modest gains while Asia remained mixed, with China still in deflation but Japan and India showing resilience.
Investment Theme – Humanoid Robots and AI Enablement
- Humanoid robotics moved closer to commercial reality as AI models, hardware, and enterprise adoption advanced.
- Early deployments in logistics, manufacturing, and health care show meaningful productivity potential.
- We focus on the enabling layers—chips, sensors, motion control, and cloud AI infrastructure—where long-term value is most durable.
Portfolio Highlights
- Alibaba: Scaling its AI ecosystem through Qwen models and growing cloud demand.
- ASML: Sustaining leadership in EUV lithography as global chip investment accelerates.
- Together, these positions anchor our exposure to high-quality companies driving the AI enablement cycle.
Tall Oak Pooled Funds
- Capital Appreciation Pool: Positioned for long-term growth with a disciplined mix of quality equities, fixed income, and alternatives.
- Diversified Income Pool: Focused on stable dividends and consistent returns through high-quality bonds, income-oriented alternative investments, and dividend-paying equities.
Read the Report
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