July was a month of shifting investor preferences, with the major indexes moving in noticeably different directions. The Toronto Stock Exchange Composite Index (TSX) and Dow Jones Industrial Average (DJIA), with their greater exposure to traditional companies, extended their monthly winning streaks. Meanwhile, the more growth-oriented S&P 500 Index (S&P) and Nasdaq Composite Index (Nasdaq) extended their monthly losing streaks. Just as the markets had a mixed month, so did my three portfolios. And like the major indexes, the portfolios showed how different sector exposure can produce very different results, particularly when technology stocks fall out of favour.
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Weekly Update for the week ending July 31, 2026
The AI Revolution: Understanding the Technology Behind the Investment Boom?
Artificial intelligence (AI) may seem almost magical, but behind every AI-generated response is a complex learning process. After exploring what AI is in Part 1 of The AI Revolution: Understanding the Technology Behind the Investment Boom, we now look at how AI actually learns.
In Part 2, we explain what training data is, how AI models are created, why building them requires enormous computing power, and the difference between training an AI model and using one. Understanding this process helps explain why companies are investing billions of dollars in the technology and infrastructure behind the AI revolution.
Weekly Update for the week ending July 24, 2026
Part 1: What Is Artificial Intelligence?
Artificial intelligence (AI) has become one of the biggest investment themes of the decade. Technology companies are spending hundreds of billions of dollars building AI infrastructure, while businesses across almost every industry are looking for ways to incorporate AI into their products and services. But what exactly is artificial intelligence, and why has it become so important?
In Part 1 of The AI Revolution: Understanding the Technology Behind the Investment Boom, we explore what AI is, how it differs from human intelligence, and why today’s AI doesn’t actually think like people do. Understanding the basics is the first step toward understanding why companies are investing so heavily in this transformative technology.
Weekly Update for the week ending June 12, 2026
What’s Priced In? Why Markets Don’t React the Way You Expect
One of the biggest early lessons in investing is that markets don’t react to headlines—they react to expectations. Understanding what’s already “priced in” can completely change how you read market moves.
Weekly Update for the week ending May 22, 2026
Hawk or Dove? The Fed’s Next Chapter
Jerome Powell’s era at the Federal Reserve has come to an end, and Kevin Warsh now takes over one of the most powerful positions in global finance. With inflation, interest rates, and economic growth all hanging in the balance, investors are now asking the big question: will the Fed’s next chapter be led by a hawk or a dove?
Weekly Update for the week ending May 15, 2026
One of the hardest parts of investing isn’t deciding what to buy – it’s knowing when to sell. This week let’s take a closer look at the often-overlooked “other side” of investing and the reasons long-term investors sometimes decide to move on from a stock. From changing company fundamentals and stretched valuations to shifting goals and better opportunities elsewhere and explain why selling doesn’t always mean you made a mistake.