top of page

AlphaFixe Capital focuses on fundamental analysis to guide us in our investment decisions. Therefore, you will find below the links to the most recent market comment letters that cover economic and financial topics.  

NOVEMBER 2024

Donald Trump threatened his three biggest trading partners with imposing tariffs as soon as he was inaugurated. We analyze Trump's economic measures and cover other topics in our Montrhly Bond Letter.

Depositphotos_187521300_L.jpg

SEPTEMBER 2024

Jobs and growth are now at the forefront of central banks' risk assessments. We cover this and other topics in our Monthly Bond Letter.

Depositphotos_9141106_L.jpg

JULY 2024

The volatility observed in financial markets at the beginning of August is more the result of a reversal of carry trades in Japan than of a US economy on the brink of collapse. We cover this and others in our Monthly Bond Letter.

Depositphotos_233175976_L.jpg

MAY 2024

After two years of tightening financial conditions to combat inflation, it is time for some central banks to reverse course. This is particularly the case of the Bank of Canada and the European Central Bank. We cover this subject and others in the most recent edition of the Monthly Bond.

Depositphotos_693365656_L.jpg

MARCH 2024

Transport and parcel shipping companies can attest that the last stage of delivery, the last kilometers before the final destination, are the most expensive and complex. This is also the case for central banks with their inflation targets. We cover this subject and others in this edition of the Monthly.

Depositphotos_228968258_L.jpg

JANUARY 2024

Central banks believe that inflation and employment risks are increasingly balanced, but it is still too early to ease financial conditions. We cover this subject and others in this edition of the Monthly.

Depositphotos_22668717_L.jpg

NOVEMBER 2023

The performance of the bond market in November is worthy of an episode of crisis, yet no one is talking about a recession soon in the United States. We deal with subjects and others in this edition of the Monthly.

Depositphotos_59990099_L.jpg

SEPTEMBER 2023

Between raising rates further and risking a recession and keeping them high for a prolonged period, central banks preferred the second option. What are the consequences of this decision? We cover this subject and others in this edition of the Monthly.

Depositphotos_118343260_L_edited_edited.

JULY 2023

The recession that everyone expected in 2023 continues to be postponed, as the economy proves more resilient than expected. We cover this subject and others in this edition of the Monthly.

Depositphotos_120872256_L.jpg

OCTOBER 2024

Donald Trump's election and the possibility of a Republican sweep in Congress could alter the trajectory of monetary policy in the US. We cover this and other topics in our Monthly Bond Letter.

Depositphotos_385428808_L.jpg

AUGUST 2024

Inflation is under better control, and central banks have now shifted their discussions to the risks of a slowdown in the economy and the labour market. We cover these and other topics in our Montlhy Bone Letter.

Depositphotos_214240276_L.jpg

JUNE 2024

The Federal Reserve continues to push back the date when it judges that monetary easing will be required, given the risks associated with a resurgence in inflation. We cover this and other topics in our Monthly Bond Letter.

Depositphotos_137910286_L.jpg

APRIL 2024

The more fragile Canadian economy could lead the Bank of Canada to take a different path from that of the Federal Reserve soon. We cover this subject and others in this edition of the Monthly.

Depositphotos_20390925_L.jpg

FEBRUARY 2024

Investors who were betting on a hard landing for the U.S. economy now expect a soft landing and perhaps no landing at all. We cover this subject and others in this edition of the Monthly.

Depositphotos_75803089_L.jpg

DECEMBER 2023

The monetary policy transition period is beginning. Faced with the slowdown in inflation, the belligerent tone of central banks has given way to more flexibility. Some are maintaining the status quo, but others are talking about declines in 2024. We deal with this subject and others in this edition of the Monthly.

Depositphotos_686576234_L.jpg

OCTOBER 2023

Investors expect rates to fall in the first half of next year, as they believe a decline begins once the peak is reached. For central banks, the status quo once at the top is an essential step towards long-term price stability. We address this subject and others in this edition of the Bond Monthly

Depositphotos_479580544_L_edited.jpg

AUGUST 2023

There may still be some slight adjustments to make, but the period of rising key rates is coming to an end. Have central banks raised rates too much? Will they make a U-turn soon? We cover this subject and others in this edition of the Monthly.

Depositphotos_184816476_L.jpg

JUNE 2023

Over the past year, Canada's population grew by more than 1.2 million or 3.1%, mainly due to immigration. What are the consequences of this growth on our economy and monetary policy? We cover this subject and others in this edition of the Monthly.

Depositphotos_38435741_L.jpg

Liability Waiver

The information contained on this website should not be construed as specific advice for your particular situation, nor as financial, legal, accounting, tax or investment advice. Please consult your advisors for advice tailored to your specific situation.

The information published on this website is subject to change without notice. Furthermore, we cannot guarantee its accuracy or completeness at the time you view it. This information is not necessarily updated to take account of events after its publication.

Except in the case of gross negligence, we assume no responsibility for any damage that may be caused by the use of this Web site, in particular by its temporary or permanent inaccessibility, by the information it contains, including errors in such information or the fact that it is not up to date, any action or decision made by you or any other person in reliance on this Web site or its content, any unauthorized use or reproduction of this Web site or its content, or any technological or cybersecurity issues that may arise during or as a result of your use of this Web site.

bottom of page