Market Commentary & Insights
Stay up to date on market commentary and trends from our MK Total Wealth Management Group
Latest Market Commentary
The past quarter had a defining characteristic, it was resilience. Despite a steady stream of geopolitical headlines, shifting interest rate expectations, and pockets of short-term volatility, global equity markets continued to advance in an orderly way. The TSX, S&P 500, NASDAQ, and Dow Jones all contributed to a broadly positive tone, with leadership rotating in a healthy fashion rather than narrowing in a concerning way. In practical terms, that meant periods where technology and AI-related names carried momentum, followed by stretches where financials, industrials, and energy helped balance performance. For investors, the experience was less about smooth consistency and more about constructive progress through noise and importantly, that progress held.
Latest Wealth Insights
This shift is already having economic implications. Just a decade ago, many observers warned that retiring baby boomers would become a significant drag on economic growth as they left the workforce. Yet the opposite has occurred. Those aged 50 and older, now part of the so-called “longevity economy,” accounted for just 24 percent of the global population in 2020 but contributed 34 percent of global GDP. In the U.S., households headed by someone aged 50 or older now account for more than half of all consumer spending.
And the demographic shift is only beginning. Canadian life expectancy is now around 82 years, while those reaching age 65 can expect to live to approximately 86. Canada’s centenarian population has more than tripled since 2000 and is projected to increase nearly tenfold over the next 50 years.
