The history of Fed rate hike cycles and equity market behaviour may be different this time. Cost push inflation is not something the Fed has much control over. Powell told us in his recent testimony to Congress that they have the tools, but we beg
Category Archives: Markets Views & Analysis
We have not reviewed our PRO-II(EYEs) indicators in a while because there were mostly caution signals, and we generally cover those with our macro comments each week. The lower the risk level, the higher the opportunity. While we think the hawkish policy (fiscal and monetary)
You may have heard me and other suggests that value stocks will likely outperform growth stocks in the inflationary environment we are in. The S&P TSX is a very heavily tilted value index largely due to its lack of info technology and consumer cyclical stocks
The markets did not like the hawkish fedspeak last week. Bond yield ripped higher and are about to break key yield support in the 10-year. The market narrative is debating the 2017-2018 dual policy of rate hikes at the same time they were reducing the
My rule of thumb here, and always, is that you have to fundamentally want to own the stock (or ETF). In our stock selection process, we filter the main ETFs that represent the major indexes and remove the bottom half of the index that does
According to analysts at Bank of America Corp. and EPFR Global, investors have added almost $900 billion into equity exchange-traded and equity funds in 2021. This has surpassed the total from the past 19 years combined. You might say #BTD “Buy the Dip” social media
The World Gold Council mid-year outlook suggests that higher rates running faster than inflation hurt in the first half. Current expectations for real yields (inflation versus nominal yields) now suggest gold should be on the podium. That fact that gold is not shinning requires a
The greater the number of stocks participating in the trend is bullish. There is no debate about it. When fewer larger stocks are lifting markets, the signal is that of a later stage more defensive rally (buy big safe blue-chip quality stocks). This does not
Expectations for 2021 earnings and beyond are robust to say the least. History suggests such a high bar is harder to jump. As a reminder, the market prices in forward expectations and in order to do even better, results need to beat expectations. That will
The famed fund manager Michael Burry featured in “The Big Short,” warned last week loses on crypto and meme stocks could be more than the GDP of some countries. Crypto, Meme Stocks: Michael Burry Warns About ‘Mother of All Crashes’ – Bloomberg We look at