Market views

Chief Investment Officer, Sun Life & Head of Insurance Asset Management, SLC Management

Read Randy’s latest commentary on important market issues via his blog column.

  • September 25, 2020

    The Fed’s Final Farewell To Tight Inflation Control

    In the press conference following today’s FOMC meeting led by Federal Reserve Chair, Jerome Powell, the shift in policy is an admission that there was more labor market slack than models or policy makers imagined over the last several years.

  • September 16, 2020

    Don't Underestimate The Rise In U.S. - China Tech Tensions

    The U.S. and China relationship remains tense. The global devastation of Covid-19 provided a flashpoint for recriminations as countries quarrel about who should have done more. Geopolitical risks rise further as Americans go to the polls in November and China’s President, Xi Jinping, aims to sustain nationalism as the economy recovers from the pandemic.

  • August 11, 2020

    A risk management framework for less liquid assets

    Markets are challenging. But there are solutions and opportunities that can help insurance companies manage asset risk and advance long-term investment objectives.

  • August 10, 2020

    A Biden Presidency Could Recharge The Stock Market

    President Donald Trump’s chances of keeping his job were a lot higher before a global health crisis reached the U.S. With COVID-19 battering the economy, public sentiment is rapidly shifting towards Democrat and Former Vice President Joe Biden – a pragmatic moderate who now holds a double-digit lead in national polls.

  • July 09, 2020

    Stimulus Checks Are Not Helping The U.S. Economy, Here’s What Can.

    As unemployment spiked this spring, the U.S. government put its faith in the $500 billion of loans to small businesses from the Paycheck Protection Program (PPP). Yet this huge wave of stimulus did little to secure jobs, according to preliminary results from a study by economist Raj Chetty and his team at Harvard.

  • June 15, 2020

    The Covid-19 Crisis Will Change Investing, Here’s What To Expect

    As the world starts to re-open, most economists agree that a V-shaped recovery looks unlikely. There won’t be a return to “normal” for a while. However, the investment themes that will drive performance over the next decade are already emerging. Investors who are quick to adapt to the post-crisis landscape should have a market edge.

  • May 08, 2020

    Job Numbers Show America Faces A Slow Return To Work

    The global economy is entering what may be the deepest recession since the 1930’s. Today’s non-farm payroll numbers underline the scale of the financial crisis the U.S. is now facing. The 14.7% unemployment rate is undoubtedly higher as the report cuts off in mid-April while new jobless claims persist.

  • April 23, 2020

    If COVID-19 Is Like Past Pandemics, We Could Face Decades Of Economic Fallout

    The global COVID-19 pandemic is unequivocally a black swan: a rare, but devastating event. Economists often draw parallels to wars and natural disasters to model the outcomes of pandemics, but while the analogy is apt in terms of human suffering, the economic aftermaths are different.

  • April 02, 2020

    To Avoid A Depression, Stimulus For Small Businesses Is Critical

    The full effect of social distancing won’t be reflected in tomorrow’s tally of March’s U.S. non-farm payroll numbers, but it will signify the start of a historic period of unemployment. Jobless claims – which provide a real-time measurement – have already skyrocketed, and millions more could lose their jobs as COVID-19 continues to stifle activity. As reported, many of those impacted work for small businesses or are self-employed.

  • March 12, 2020

    The Fed Can’t Resuscitate Markets Alone

    Last week, the Federal Reserve System (Fed) surprised markets with an emergency 50 basis point (bps) cut. While this policy-easing will do little to stall the Coronavirus, it can support financial conditions and bolster liquidity by making it easier for consumers and small businesses to avoid a cash crunch.