Bull Market – Over and Out? With Deutsche Bank recently clinching first place in the derby of forecasters suggesting we are in for a Recession, soon to be followed by Bank America/Merrill Lynch, inflation currently raging (8.5% most recent reading); Central bankers poised to raise rates faster and higher (if…
Still Bullish? The two images below, which were tweeted earlier this week by my former boss Frances Horodelski (good old days 🙂 – and in passing, Hello Frances 🙂 ), illustrate that Bulls have a) become a much rarer breed of late … + b) are at extreme levels of…
Outperformance? Anyone? Anyone … Bottom line – No hard evidence of any performance chasing here, either in terms of sectors or factors ETFs. This is somewhat surprising to me, as I’d have expected more investors/managers to have taken note of the unfolding relative performance picture, and the takeways associated with…
Oh Lael … oh James … (and oh Bill …) “I could have titled this one a general important public announcement, with the header: Attention, attention, please be advised the FEDs no longer have your backs. Act accordingly going forward …” Well, surprise … ICYMI … the US FED is…
Ok, so it’s actually 10 years and pretty much 1 months AFTER, to be specific … AFTER what, you ask? Well after BlackRock / iShares Canada, back in 2012 took over Claymore ETFs, at the time, the second largest player in the country on the ETF front, and one that…
Unintended consequences … Nice relief rally early in the week on account of oil pulling back, respectively heightened hopes for a cease-fire in the Ukraine … Meanwhile, Russia keeps shelling Kjiv… while we are otherwise told Ukrainian troops are pushing Russia’s army back from the area 10 year yield up…
50 bps … at some point could be in the cards … As this week, the US FED’s Jerome Powell suggested inflation is too high (or something to that effect), Bullard last week wanted 50 bps and not the 25 the market cheered; and the Bank of Canada’s Deputy Governor…
ESG undoubtedly reached Prime time against a backdrop that featured a once in 100 years Pandemic; rising concerns about inequality stoked by unprecedented levels of stimulus (monetary AND fiscal), social injustice and discrimination, as illustrated by the Black Lives Matter movement. Welcome to 2022 … With 2021 wrapping up a…
No Bid … No Offer …Â For those of you that remember the dark days of 2008/2009, I can still recall distinctly, one day, listening to Boom Doom and Gloom author Marc Faber. I was at a Bloomberg terminal, and had come across an interview of Marc, during which he…
Elevation of Process over Substance – In my books, captures very well what many may be feeling (hopefully I am not alone in often times feeling that way in recent days, weeks, but also frankly years …). In any event, this “observation” was made in this video =>Click HERE! featuring…