Canadian and US markets are at all time highs, inflation is at multi-decade highs, and leaders still say inflation is transitory. 

How can they be so sure?  US valuations are at very high levels no matter which metrics are used. 

In the short term, valuations often have little correlation with the markets – but in the long run, they absolutely do.  If rates rise (as they’ll have to in order to tame inflation), and the US is already constantly pushing at debt ceilings, what will happen? Well, the Fed owns a lot of the debt, but it’s still scary to think how this unravels. 

Will other markets fall in tandem, or will they become the new safe havens, in an anything but US world?

Check out recent commentaries from Shouldice Wealth for more including some great graphics and charts!