Global
Macro Research

Media Coverage

Global Macro Strategy in the news:

 

A quest for quality stocks, Canadian edition
Globe and Mail, February 15, 2012

Wednesday’s column, looking at Brockhouse Cooper’s screen for “quality” stocks on the S&P 500, generated plenty of reader interest. “Nice stuff,” they said, “but what about Canadian stocks?” A fair question. So today, we’ve replicated (as best we could) Brockhouse Cooper’s U.S. screen to identify the highest-quality stocks on Toronto’s benchmark S&P/TSX composite index."

 

 A quest for quality (read big, stable profits)
Globe and Mail, February 14, 2012

"Forget the fuss over whether you should pursue a growth strategy or a value strategy in your investment portfolio. In the aftermath of the Great Recession, says Brockhouse Cooper global macro strategist Pierre Lapointe, both strategies are being trumped by “quality” – stocks that deliver high return on equity, low volatility and clean balance sheets." 

 

Stocks look better but proceed with caution
Montreal Gazette, January 24, 2012

"Pierre Lapointe and Alex Bellefleur at Brockhouse Cooper, a Montreal investment dealer, point out that the aggregate profit margins of U.S. firms have risen to the highest level since 1950, suggesting that they’ll move down or, at best, fail to grow."

 

Like surprises?  Don't hope too hard
Globe and Mail, January 23, 2012

One way to measure whether or not a peak in equity markets is being reached is to look at economic surprises. Better-than-expected economic data, especially in jobless claims, helped fuel a year-end rally in the United States. But there are signs that the rate of such good tidings is slowing down, and that could well herald lower equity returns, according to Brockhouse Cooper’s global macro strategist Pierre Lapointe.

 

The market's throwing a party but few are going
Globe and Mail, January 20, 2012

"Traditionally, market watchers want to see volumes rise along with prices, a sign that growing demand is an underlying driver. Brockhouse Cooper global macro strategist Pierre Lapointe and financial economist Alex Bellefleur noted that the current rising-prices, falling-volumes trend is contrary to the past two economic cycles."

 

 U.S. Stock Futures Fall as Google Drops
Bloomberg, January 20, 2012

"U.S. stocks are caught in “a vicious circle” of slower trading and bigger swings in prices, according to Pierre Lapointe, Brockhouse & Cooper Inc.’s global macro strategist. Trading for the 50 days ended yesterday was the slowest since at least 2008, when Bloomberg started compiling the data, at 6.67 billion shares a day."

 

The collateral squeeze is on, and it's going to hurt lending
Globe Investor Streetwise, January 18, 2012

"As strategists at Brockhouse Cooper point out, lenders are more careful these days, favouring secured loans, and they are demanding top-notch collateral, which usually means the highest-rated government bonds. The problem is, there aren't enough of those bonds to go around. That's not good news for borrowers, but it is good news for holders of highly rated bonds, because they will be increasingly sought after."

 

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