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 Forbes.com blog column.

  • July 22, 2021

    Can The U.S. Compete For Chip Dominance?

    Microchips are the workhorses of the digital economy. Though they spend most of their time hidden under the hood of devices, supply disruptions get noticed quickly. Right now, the car industry is scaling back production as it waits for chip manufacturers to restock. Production of smartphones, gaming equipment, and home appliances are also feeling the pinch as chip manufacturers struggle to meet demand.  

  • June 02, 2021

    How To Invest Like A Legend

    In the league of elite investors, few can rival the late David Swensen, former head of the Yale Endowment. As Chief Investment Officer of this multi-billion dollar fund, he delivered top performance over multiple decades, and his investing style influenced an entire industry. Swensen’s innovative and rigorous approach to asset allocation and expanding its range was revered, with others rushing to replicate it. This approach became known as the “Yale Model”, and revolutionized endowment investing.

  • April 13, 2021

    Are We About To Enter A Commodity Supercycle?

    The most prominent commodity index, the S&P GSCI, is up over 86% since last March. While most markets have roared back since the depths of the COVID-19 market scare, commodities have been a frontrunner in the recovery. Talk of a commodity supercycle is already heating up, but investors should be careful not to overreact to recent data. Some commodities are notorious for fleeting booms and busts and typically need fundamental shifts in demand or supply to elevate prices for an extended period.

  • March 18, 2021

    Inflation Fears Will Settle, But Only If Growth Continues

    If there is one fear that seems to constantly haunt investors, it is that latent inflation flares up and flattens markets. Most central banks in developed economies look to target a 2% inflation rate and have, over the last several decades, succeeded in anchoring investor expectations.

  • February 26, 2021

    We Are Approaching The ‘Age Of Digitization’ Super Cycle

    Economic history shows a remarkable pattern of broad themes that play out over decades. Each subsequent shift to a new phase is usually accelerated by innovation or a geopolitical shock. These transitions usually have fundamental impacts on growth, inflation and asset prices.

  • February 09, 2021

    Bitcoin Is Still Maturing As An Institutional Asset

    Bitcoin emerged from the scars of the 2008 financial crisis as distrust in governments and central banks inspired the digital currency to thrive outside the establishment. Unlike traditional currencies backed by sovereign credit and taxing authority, Bitcoin has no equivalent support. This push for monetary independence found early adopters in those that wanted to transact anonymously. Then with time, it captured broader investor interest. Yesterday, Tesla announced that it has bought $1.5 billion of bitcoin, which it plans to accept as payment.

  • November 03, 2020

    Invest Like A University Endowment During A Crisis

    Recent research based on investment performance from 1906 through to 2008 makes a compelling case that investors could learn a lot from U.S. university endowments.

  • 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 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.