The Bear-o-meter read a cautious “2” last month. That reading on June 9th turned out to be a decent reading, given the volatility we have seen since then. The arrow on the SPX chart below shows the date of that reading. Well, here we are a month later, having lived through a “too close Read More
Growth stocks vs. value stocks. Which to own?
“Growth” stocks appear to be rather overbought when compared to their “Value” stock siblings. The chart below is that of the iShares Morningstar large capped growth index ETF (JKE). Its top holdings will not shock you. AMZN, MSFT, FB, GOOGL, V, NFLX. In other words, the same names that have driven the market of late. Read More
Equal weighted index tells less bullish story
Equal weight indexes give the same weight to each stock in the index. Both small and large companies are given an equal “importance” in the index. Most indexes are not the equal weight type. For example, the TSX 300 and the S&P 500 give differing “importance” or influence on the index based on the market Read More
More market musings
Lately I’ve been posting the odd blog with musings and thoughts of my own, and some drawn from various outside sources. This blog follows that pattern. Note that its less narrative, and more “clipped”–I’m trying to feed you with lots of interesting points where real opportunities might reside, without too much of my own noise Read More
Does it matter to investors who wins the US election?
I read somewhere that lower corporate taxes (in the USA) were responsible for about 10 per cent of share price improvement during the recent bull market. That of course doesn’t apply to Canada’s absolutely flat returns on the back of less accommodation in personal and corporate taxes since Trudeau’s win in 2015. Canada’s political problems Read More
Trading views for the NASDAQ
Above is a monthly chart of the NASDAQ, with the simple Rate of Change indicator below it. The chart goes back to 1980, so it provides a decent historical perspective. ROC is a simple momentum indicator.It simply measures the percent change in price from one period to the next – this one being a Read More