Evolving Times | Weekly Newsletter
Equities traded lower in a holiday-shortened week despite the S&P 500 hitting a record high on Wednesday. Markets pulled back as the latest Fed minutes signaled a cautious stance, emphasizing the need for more progress on inflation before considering rate cuts—especially as recent inflation data and trade uncertainty make cuts less likely. Walmart’s cautious 2025 outlook further weighed on market sentiment. Trade tensions escalated again after Donald Trump proposed potential 25% tariffs on cars, semiconductors, and pharmaceuticals, with details expected by April.
This week, Canadian banks report earnings with credit provisions in focus amid tariff concerns. Investors will also watch Nvidia’s results for insights into AI demand and management commentary on recent developments in China.
We want you to stay in tune with the movements in the markets, so we have carefully selected these articles for you. As always, we hope you enjoy and welcome your feedback.
Why investors are turning to cash amid tariffs and market volatility
Premium Cash Management Fund (Ticker: MCAD)
In recent months, market volatility across U.S. and Canadian equities has intensified, prompting many seasoned investors to reexamine their approach amid growing uncertainty. One way that investors can de-risk their portfolio is by turning to cash-like instruments such as high-yield savings account ETFs and money market ETFs, which offer modest yet predictable returns.
The investment case for investing amid tariffs: Canadian banks and utilities
Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund?(Ticker: BANK)
With the Trump administration’s on-again-off-again threat of tariffs against Canada, a remarkably strong “Buy Canadian” movement has emerged in this country, almost overnight. Canadian banks and utilities sectors have the advantage of operations deeply tied to the domestic economy. Their ‘local’ nature provides a natural buffer from the direct consequences of U.S. tariffs.?
Powerful quantum computers in years not decades, says Microsoft
Evolve NASDAQ Technology Index Fund?(Ticker: QQQT)
Microsoft has unveiled a new chip called Majorana 1 that it says will enable the creation of quantum computers able to solve "meaningful, industrial-scale problems in years, not decades".?It is the latest development in quantum computing - tech which uses principles of particle physics to create a new type of computer able to solve problems ordinary computers cannot.
Fund managers boost exposure to bitcoin ETFs, quarterly US filings show
Evolve Bitcoin ETF?(Ticker: EBIT)
Asset managers, ranging from wealth management companies to hedge funds and pension funds, boosted allocations to U.S. exchange-traded funds tied to the price of bitcoin in the fourth quarter of 2024, as the price of the world's largest cryptocurrency soared 47%, according to recent regulatory filings.
Amazon surpasses Walmart in revenue for the first time
Evolve FANGMA Index ETF?(Ticker: TECH)
Amazon has dethroned Walmart in quarterly revenue for the first time ever.?Since 2012, Walmart has held the distinction of being the top revenue generator each quarter, a title it gained after overtaking oil giant Exxon Mobil. Amazon’s core retail unit remains its biggest revenue generator, but its top line is also being fuelled by its massive cloud computing, advertising and seller services businesses.
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With $7 billion in assets under management, Evolve is one of Canada’s fastest growing ETF providers since launching its first ETF in September 2017. Evolve specializes in bringing innovative ETFs to Canadian investors. Evolve’s suite of ETFs provide investors with access to: (i) index-based income strategies; (ii) long term investment themes; and (iii) some of the world’s leading investment managers. Established by a team of industry veterans with a proven track record of success, Evolve creates investment products that make a difference. Learn more at?www.evolveetfs.com
Disclaimer
The contents of this newsletter are not to be used or construed as investment advice or as an endorsement or recommendation of any entity or security whatsoever. The opinions in these articles are those of the author and the publication and do not necessarily represent the opinions of Evolve Funds Group Inc., its partners, service providers, employees or associates.? ?
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