Bare with me, I’m pontificating a bit here in front of NVDAs (invidia latin for envy) earnings. I’m sure many will disagree. It’s a great company, but what is it worth in 5-10-15 years? I would argue, about what we are paying for it now
Category Archives: Behavioural Finance
The Berman’s Call Pro-Eyes (Probability Return on Investment Index) indicators have moved into the highly cautionary range. The last time the index was at these levels was in November 21. Historically, forward based drawdowns within the next year are about 11%. This 20-factor model looks
For the vast majority of investors, it should not matter much at all, but for the day traders, pay some attention. According to data compiled by Goldman Sachs Group Inc., by the third quarter of 2022, 0DTE (zero day to expiry) contracts accounted for more
For global equity markets, 2023 promises more of the same as the central bank narrative on tamping down inflation remains a top priority. The focus of central banks for most of the year will be to kill inflation. Unfortunately, that likely leads to a recession
The PRO-EYEs indicator was made available on-line for BNN viewers to get a lens into my macro view of markets. The tactical component is made up of 12 well-known technical indicators of trend, sentiment, breadth and seasonality. All may have heard of the CNN Fear
We were asked recently in social media if a balanced ETFs like HBAL, VBAL, XBAL, ZBAL are good for passive investors. The answer is yes, they do a good job at what they are designed to do. But in order to deliver goals for your
There was a chart making the rounds last week put out by JP Morgan prior to the absolutely terrible University of Michigan Consumer Sentiment numbers that came out Friday. The official government numbers from the Conference Board are not nearly as dire. Sentiment levels have
A Barron’s article over the weekend based, in part, on some research by Ken Pucker, a senior lecturer at the Fletcher School at Tufts University, suggests investors are not getting better results. Pucker says that ESG funds don’t systematically deliver alpha (excess return relative to
Markets are discounting mechanisms and volatility trends are a leading indicator. One of the best indicators for determining market bottoms is the market based pricing of current volatility relative to future volatility. All should know what the VIX indicator measures; often referred to as the
There is no alternative is the narrative that many talking heads will say when it comes to stocks and 2021 was no exception. Stocks globally are crushing returns on fixed income markets globally. Two benchmark ETFs we follow (VT-Vanguard Total World Stock ETF) and (AGGG-iShares