As I age, I become more of a skeptic. As Canadian rock group Rush once sang in their hit “Tom Sawyer”–“His mind is not for rent, to any God or Government”. As a skeptic, I subscribe to Skeptic Magazine– which is a science magazine dedicated to critical scientific analysis of common beliefs. The magazine continues Read More
Charts to watch
Here are some charts I am following for various reasons. I’ll look at the loonie, WTI oil, Canadian oil, the SPX, the TSX and Europe. If you have any broad market or sector charts you’d like me to address, please put them in the comments at the bottom. Here goes: Canadian dollar The loonie’s Read More
Bear-o-meter back to neutral
Before getting started, I wanted to note that we are publishing a newsletter update today. This is a version of the client newsletter we do. Sometimes the newsletter mirrors this blog, but sometimes it presents differing thoughts. Today’s newsletter is one of those differing messages. It outlines our in-house strategy for the coming weeks. I Read More
The Canadian Elephant
Before getting to today’s prime subject, the US’s ISM PMI (Purchasing Managers Index) came out lower in the latest report, albeit “less bad” than expected. It’s early into the economic cycle, and the impact by the virus will certainly push this and other economic indicators go from “less bad” to “more bad” over time. Sentimentrader Read More
Another collage of insights, opinions, and ponderings
I’m not very confident in the complete accuracy of any analysis out there, including my own. How’s that for a confidence inspiring opening? Fundamental indicators, for example, do not account for a once in a hundred year pandemic. As Jason Goepfert of sentimentrader says “The outcome of this recession really boils down to a battle Read More
Thinking out loud
No charts today, just some thoughts. I had a client question me early in the week as to why i might want to sell into the past 3 day rally. I answered that I don’t know how long the rally will last, nor do I know if it just briefly pauses and then carries on. Read More