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SPX Sentiment Index

  June 10, 2022  No change in sentiment.     May 11, 2022  No change in sentiment at -16. Strategy hits new highs in this sell-off.   May 6, 2022  Our SPX sentiment index continues at negative 16.  There was a 1 day long reversal from -16 to +4 but this had no real impact...

Economic and company news – April 2022

April 8, 2022 - Canada Average Hourly Wages. A year on year increase of 3.4% is behind the latest inflation rate of 5.7% in Canada meaning workers continue to fall behind.  Whilst employment continues to grow, those finding work, in the most part, are experiencing falling real incomes.       April 7, 2022 -...

TINA – there is now

We've previously always heard the acronym, TINA (there is no alternative to holding stocks). Whilst stocks may not have themselves offered an attractive yield compared with history at least they were paying more than the 10 year US treasury.  As such this was often put forward as an argument to prefer stocks over bonds. However,...Continue reading

Economic and company news – March 2022

March 31, 2022 - US Personal Spending. This number which covers both services and manufacturing is holding up well, though it could be argued there is a lower trend.     March 31, 2022 - US Personal Spending. As prices jump, we'd expect spending to fall. The prior 2 months were all over the place...

Bitcoin is the new reserve currency

  Given the title, this may seem a strange starting point. Bear with. The below is a chart of Tesla. Love it or hate it, it doesn't change the fact this company has seen stellar growth in its share price. The chart below shows a price increase from around $4 in 2010 to over $800...

2021 Investment outlook

Whilst 2020 was a tough year for many, that does not mean 2021 cannot be even more extreme. Monetary policy will continue to be extremely easy throughout 2021 unless the virus is beaten back and inflation shows up very quickly. Whilst the Dems took both Houses, they do not have a majority that would allow...