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Posts in GTA Fund
Higher Rates Mean Lower Bonds, But Equities Can Still Work

Markets digested significant economic and policy developments during the recent consolidation, yet remain on track to make new highs. Cameron Hurst, Chief Investment Officer, joined BNN Bloomberg to discuss credit indicators and why stocks can keep rising, even as bonds rack up losses. Be selective, aware that we're near the end of the cycle, but don't "sell in May and go away."

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Consumer Staples and Past Hiding Places No Longer Safe

With increased volatility and weak equities defining markets in 2018, investors instinctively reverted to the "muscle memory" of what used to be safe. Unfortunately, Consumer Staples is in fact the worst performing sector YTD with previously "safe" groups like tobacco down -23%. Cameron Hurst, CIO, joined BNN Bloomberg to discuss how & where to invest in today's challenging environment.

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Podcast: Value vs. Momentum Investment Strategies

CapIntel sat down with Cameron Hurst, CIO, and Adam Murl, Head of Research, to discuss value and momentum investment strategies. Equium Capital's investment process employs aspects of both, making the discussion a good review of why it's critical to use more than one lens in today's complex market environment. The podcast is more than just a "quick recap", instead offering a detailed and sometimes technical overview.

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Scaling the Earnings Peak - May Investment Commentary

Q1 left investors scratching their heads as significant earnings upside was met with disappointing price action. Adam Murl, Head of Research, discusses why many of the popular concerns are unwarranted and why we don’t believe earnings have peaked. Also, we turned tactically positive on Energy owing to a technical breakout and the oil supply-demand imbalance tightening more than expected due to strong demand, challenges in Venezuela and increasingly hawkish U.S.-Iran policy.

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Process At Work - April Investment Commentary

After an optimistic start, markets were dealt a healthy dose of reality in February; volatility spiked and excessive optimism evaporated. Adam Murl, Head of Research, explains how our tactical process effectively managed through the negativity while remaining focused on bullish medium-term fundamentals. Although some signs of stress remain, our dual technical and fundamental investment process had us tactically adding new risk exposures in early April ahead of a robust corporate earnings season.

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Trade Wars Are (Not) Good - March Investment Commentary

While there are clearly problems with the global trade regime, blanket tariffs are not the answer. Adam Murl, Head of Research, discusses why no one wins trade wars and why the mooted U.S. steel and aluminum tariffs particularly miss their mark. Cooler heads should to prevail, but history keeps us cautious. By the way, even with European data strong and political hurdles in Germany and Italy largely cleared, signs of deterioration are showing. Be selective.

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