President Trump is not likely going to get a trade deal with China before the next election. He basically told us that on Friday, and it’s confirmed my market chatter today. What’s plan B? Currency wars. In studying the 1987 stock market crash, there we
Basic economic analysis looks at the relationship between demand and supply. There are two major ways prices move higher. And increase in demand (the good way) and decrease in supply (the bad way) in terms of the outlook for the energy sector. Back in 2014,
As a classically trained technical analyst, one of the areas of study we learn when completing the Chartered Market Technician designation is an understanding of the market topping process. By comparison, it’s WAY WAY WAY easier to identify market bottoms due to the emotion capitulations
Last episode we wrote about the rapid decline in earnings outlooks for the S&P 500. We focus on this benchmark because it represents about 40% of the world equity market capitalization and houses most of the largest companies in the world. The US market is
President Trump likes to take credit for the great performance of the stock market since his election. When we look under the hood at what is leading the markets higher, it’s clear that the average stocks is not nearly doing as well as the few
Most financial pundits focus only on the income statement and not the balance sheet. The income statement can be bolstered by financial engineering. In the past 15+ years since we entered the ultra low rate interest rate environment, adding debt to corporate balance sheets to
FP Canada (formerly the Financial Planning Standards Council FPSC) has come out with their new long-term assumptions for financial planners. For most people, having an independent financial plan completed that is free of sales pressures should be essential. For those capable of doing their own
One of my favourite TV personalities is Fareed Zakaria, host of GPS on CNN. In recent weeks he has taken on central banks and the bankers that “fixed” the world. Here’s why I think that while we are not out of bullets, the economy has
There is a bullish impact on supply and demand and there is a bearish one as it pertains to economic output (read growth or incomes). The kind of increase we have seen over the weekend as US policy move to curb Iranian supply is cost
The public discourse around the fact that the coffers are bare needs to happen. I’ve been saying here on Berman’s Call and in my presentations for the past decade the “unfunded liability” of the promises is a dire problem that will bankrupt governments. I now