A few basic technical notes on the major NA indices today, followed by a few points of interest to all investors that seem to be creeping into the news flow…and finally, some of my thoughts on strategies within the current markets. SPX The S&P 500 ( SPX ) has support at 3300 and its 50-day Read More
Consider these trades for future opportunities
The challenge: everyone’s onboard the same train The most crowded trades in the recent bull market have been: US stock market in general US growth, in particular US dollars US Treasuries Large-caps & tech giants. Larry McDonald of Beartraps suggests that the deflationary environment over the past decade has helped all these trades. He suggests Read More
Has the rotation begun?
I’m convinced that technology and stay-at-home stocks will outperform over the longer term. However, it is my belief that in the near-term (weeks or months), we may see some shift OUT of technology/stay-at-home names that have been leading the market. I believe that shift will push capital INTO quality value names, particularly those sporting sustainable 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
Have your cake & eat it too.
I’ve noted here that a handful (11, actually) of growth stocks have been responsible for the majority of the post-March rally. The S&P 500 is down only 5% since the high, but the average stock is still down 11% (small caps are down 20%). This market has many legendary Portfolio Managers scratching their heads; Buffett, Read More
FOMO: Learning from a legend, and the next stocks to buy
Incompetent people are at a double disadvantage since they are not only incompetent, but unaware of it. Behavioral Scientist, April 13, 2020 The above quote echos my thoughts towards the current Prime Minister of Canada and quite probably the US President . The thing I like about truly competent people is that they can make Read More
Back to basics
First things first: I was booked to be on BNN’s MarketCall show on Friday May 8th. Like all of the Technical Analysts who appear on that show, I will be skipping this one. Technical analysis requires their telestrator to draw lines on charts. BNN can’t have guests in the studio right now. So they are Read More
Skeptic
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
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