Portfolio Manager at Analytixinsight Inc.
Member since: May '09 ยท 345 Opinions
S&P 500 and NASDAQ hitting record highs. Earnings have been very strong. Two-year swap spreads give corporations tremendous access to capital. Tech has been leading the way. VIX is at 25, which usually signals risk is away from the market, notwithstanding trade wars and benign nature of the yield curve.
Interest in the cannabis sector by Constellation and Diageo. The space has been the go-to sector in Canada for a lot of international companies. The valuation can be justified by having a big company behind it. For a beverage company, in the wake of declining beer sales, they need to bet on another asset class.