MacNicol’s Monthly Commentary – August 2021

With this commentary, we plan to communicate with you every month about our thoughts on the markets, some snapshots
of metrics, a section on behavioural investing and finally an update on MacNicol & Associates Asset Management
(MAAM). We hope you enjoy this information, and it allows you to better understand what we see going on in the

“In the long dusks of Summer, we walked the suburban streets through scents of maple and cut grass, waiting for something to happen.”

– Steven Millhauser, Dangerous Laughter


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