It was a difficult quarter for global financial markets. Q3’s brief and aggressive bear market rally ended with widespread declines. The market has been contending with what may be the most challenging macroeconomic environment in the last 30 years.
- Many central banks continued to aggressively raise interest rates to curb persistently high inflation.
- The negative impact of the Russia-Ukraine conflict continued, while Europe coped with an energy crisis elevating recession pressures.
- Supply chain issues and labour shortages remained, while interest rate differentials have triggered large currency moves.
In the short term, it is difficult to find much good news. However, staying focused on capital preservation while patiently seeking opportunities as they arise will benefit investors in the long term.
In this edition, we’ll share our perspective on current market themes and trends plus the latest economic developments. We’ll dive deeper into the levers we use to protect capital and how we take advantage of long-term investment opportunities when they arise.
For a more in-depth view, find the full report here:
The views expressed in this commentary are those of Tall Oak Capital Advisors as at the date of publication and are subject to change without notice. This commentary is presented only as a general source of information and is not intended as a solicitation to buy or sell specific investments, nor is it intended to provide tax or legal advice. Statistics, factual data and other information are from sources Tall Oak believes to be reliable but their accuracy cannot be guaranteed. This commentary is intended for distribution only in those jurisdictions where Tall Oak Capital Advisors are registered. Securities-related products and services are offered through Raymond James Correspondent Services Ltd., member Canadian Investor Protection Fund. Insurance products and services are offered through Gryphin Advantage Inc., which is not a member-Canadian Investor Protection Fund. This commentary may provide links to other Internet sites for the convenience of users. Tall Oak Capital Advisors is not responsible for the availability or content of these external sites, nor does Tall Oak Capital Advisors endorse, warrant or guarantee the products, services or information described or offered at these other Internet sites. Users cannot assume that the external sites will abide by the same Privacy Policy which Tall Oak Capital Advisors adheres to.
