In today’s report, we display and discuss a number of different market metrics including investor asset flows, investor sentiment, relative performance, price and trend structure, and intermarket relationships in an effort to...
The markets were able to eke out a further week of gains with small cap stocks leading the charge as the Russell 2000 rallied 1.47% for the week while mega cap stocks like the S&P 100 lagged, falling 0.13%. Energy was the top performing sector (+1.78%) while the telecommunications (-0.89%) and financial sector (-0.53%) were the worst performing sectors.
One of the largest accidental releases of oil in Alberta’s history isn’t a burst pipeline and it doesn’t involve a train of tanker cars derailing into a river. It’s also not a thing of the past. It’s been going on for about a year and it’s still happening.
Rotations come and they go, typically lasting between six and nine months. Rotation is to stocks what location is to real estate. You have to be aware that diversified investment managers are always looking at their portfolio weightings to increase their position in sectors and industry groups that are outperforming the market and decreasing their weightings in positions that are underperforming.
A hallmark of socialism and interventionism is failure. Venezuela is compelling proof of this, having spent the past half century going down the tubes. Indeed, in the 1950’s, it was one of Latin America’s most well off countries.
One of our greatest fears is being forced, for economic reasons, to consume dry, boneless, skinless, tasteless chicken breasts. Beef is the proper food for people, not the meat of something that when free range raised pecks in the dirt.
Everyone is fully aware that the current equity market cycle has been characterized by lack of expanding volume. Is this why the current environment has been described as the rally no one believes? Or the most hated rally in recent memory?
Throughout the decline I maintained we were merely dealing with a cooling off period in a strong bull market, and the data highlighted below continues to support the notion as the market’s long-term trend and momentum remain in bullish territory.
Last August, I wrote an article about an intermediate bottom in gold, but that a more meaningful long-term bottom would still take time and price. I explained how important it was to allow long-term moving averages to stop falling, which would take...