📊 Canada Commodities Hold Firm

Good Morning Investors,

Risk appetite was uneven across North America as US small cap names came under pressure while Canada oriented toward commodities held firm. Selling in US smaller stocks contrasted with relative stability in large growth names, suggesting capital is still gravitating toward perceived balance sheet safety rather than broad risk exposure.

Positioning and liquidity conditions argue for caution. Rotation away from high multiple software and toward value oriented exposure points to tightening financial conditions rather than a clean risk on reset. These dynamics tend to leave smaller companies more vulnerable to sharp swings.

Matthias Schneider
Editor at Analytica Investor