Hello
The US 2-year note is the leading indicator for interest rates and its yield dropped significantly this week. That move is helping the market and BMO’s Brian Belski increased his target on the S&P. The Canadian Banks have been doing well and we added the BMO Q2 Preview.
There were worries that the Liberals may hit apartment owners with more taxes, but nothing came of it. What has happened is that some of the large publicly REITs have sold assets to government backed entities at healthy prices. Not for profits were the main buyers of these transactions (with support from government) and they were probably done at higher-than-normal market values.
The G&M looked at our grid system with the rapid growth of AI.
The big tariff news was what Biden did to EV’s from China and Peter Zeihan weighs in.
Always trust Warren Buffett and he knows the P&C area better than most. Berkshire bought a big piece in Chubb, and we all wonder what name in Canada Warren may be buying.
My good friend Lyle Stein was on BNN, and he had a good chat about the general market and interest rates.
A good news story from Western University about tackling a disease that truly needs a cure.
A brilliant commencement speech from Jerry Seinfeld at Duke. He reminds the students that keeping a sense of humor is so important. He also says you must work your butt off and stay focused.
Finally, the talented people at the tourism department in Switzerland have produced a clever commercial about attracting visitors It helps that Roger Federer is a hometown hero and Trevor Noah adds the comical touch.
David
PS….to replicate a 1 gigawatt natural gas powered plant with renewables and batteries, you need 10 times the capital, 9 times the capacity and 1,000 times the land.
Number 6-Berkshire reveals $6.72 billion Chubb stake, insurer's shares rise | Reuters
https://www.reuters.com/markets/us/berkshire-reveals-672-billion-stake-insurer-chubb-2024-05-15/
(Trust Buffett… nobody knows the P & C world better.)
We hope you found the Top Ten interesting this week, and are looking forward to another selection of articles, stories, and commentary next week. If you know of anyone else who would be interested in receiving our weekly note, please let me know.
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