The trouble with the TSX index is that it is a concentrated index. In truth, that’s because the Canadian market is a concentrated market economy. For instance, the TSX 300 index holds: 32% weighing in financials. 16% is in energy….We’re talking almost 50% of the index in just 2 sectors!!! After that…Industrials and minerals come Read More
Small capped stocks are consolidating
In about a month, small capped stocks are supposed to move into their seasonally better time of the year. This, according to all of the seasonal gurus out there. The problem with classifying a small capped stock index is that capitalization, by itself, does not necessarily lead into correlation. In English, what I am saying Read More
Opportunities abroad.
There’s a decent chance that market participants may turn to international markets and individuals plays over the coming year. After all, the S&P 500 is arguably priced for perfection. Armchair fundamentals I’m not fundamental analyst. I stick to the charts. So if I do talk fundamentals, I like to look at the easy stuff. Read More
Hype never works
Today, let’s look at the hyped up sectors that people bought into a year or two ago—seeing nothing but upside, all based on an investment “concept” or “theme”. Perhaps we can use the lessons of past hyped-up sectors to examine new or upcoming potential bubbles. Bandwidth, baby! The classic example of hype was the Read More
Bear-o-meter suggests current selloff is reducing market risk
Today’s blog is a little longer than usual. Please take the time to read its entirety. This one is important. I think things may be setting up for an opportunity in the markets soon, with one caveat. Read on… The Bear-o-meter is a risk/ reward indicator. It’s a compilation of indicators falling under general classifications Read More
Seasonals and technicals lining up
I thought I would start today’s blog off with a seasonal commentary by Don Vialoux – one of Canada’s leading seasonal experts: “The weakest period for North American equity markets is from mid-September to mid-October while other developed equity markets in the world tend reach a seasonal low in the first half of October. Supplemental Read More