It’s been a while since I have had @EconguyRosie (AKA David Rosenberg of Gluskin Sheff) on the show to get his outlook on markets. I’ve been a follower of Rosie since he was the Chief Economist for Merrill Lynch 20 years ago and I was
Category Archives: Markets Views & Analysis
There was a high degree of fanfare this past week on the 10-year anniversary of the Lehman moment. For me, this was the defining moment when Congress and the world realized that the financial system was at risk. It stirs up some wild emotions for
Last week a very influential US Bank CEO (Jamie Dimon) warned that longer-term US interest rates would be rising significantly. I think he’s out to lunch. He does see the equity bull market extending 2 to 3 more years and thinks the economy is strong
Trump’s troops were out in full force on the Sunday talk show circuit pumping the 4% GDP number that was reported for Q2 on Friday. First, the one-time items not to be repeated like the surge in soybean purchases and the tax cut induced jump
Market breadth analysis is a key factor in determining the probability of a trend continuing. Much of what I try to do when evaluating market risk is to assess a probability of the market going up versus going down over my time horizon, which tends
For me, revenue growth tells us much more about the quality of the market than does earnings growth. You can’t fudge revenues, though don’t tell that to Enron and Worldcom executives. Top line revenue growth is expected to be good for the next few quarters,
The organization that is the Central Bank of Central Banks just published another update on its views on cryptocurrencies that can be read here. I took the following quote out of the report as a starting point for my analysis: “The essence of good money
This week global fixed-income markets get hit with a few blows to the head and one wicked upper cut. US supply totals $193B on Monday and Tuesday with the Fed hiking rates 25 bps on Wednesday. Supply in the long end of the curve will
On June 1, 2018, MSCI added 234 Chinese A-Shares into the MSCI Emerging Markets Index. A shares trade in Shanghai and Shenzhen and have historically only been available to mainland citizens. This is expected to increase China’s weight in the index modestly from 31 per cent
It should be no surprise to Berman’s Call viewers that I think the sheer amount of debt in the world is problematic. History teaches us that the bigger the percentage of debt compared to the size of the economy measured by gross domestic product (GDP),