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Opinion
Expert
N/A
N/A
May 9, 2019
Market. He radically cut equities over the last week from 100% to 25%. The market does not do well for the next 6 months: 'sell in May and go away'. The down drafts this time of year tend to be longer and deeper. On the S&P we are trading today below the 50 day moving average. The market might be losing momentum.
Market. He radically cut equities over the last week from 100% to 25%. The market does not do well for the next 6 months: 'sell in May and go away'. The down drafts this time of year tend to be longer and deeper. On the S&P we are trading today below the 50 day moving average. The market might be losing momentum.
Brooke Thackray
Research Analyst, Horizons ETFs (Canada) Inc.
N/A
N/A
May 9, 2019
Recommendation on an inverse ETF for oil and gas in the US. He does not know of one. You should be careful of inverse ETFs. Watch out for your time period. It is okay for a short period. He has no US recommendation.
Recommendation on an inverse ETF for oil and gas in the US. He does not know of one. You should be careful of inverse ETFs. Watch out for your time period. It is okay for a short period. He has no US recommendation.
Brooke Thackray
Research Analyst, Horizons ETFs (Canada) Inc.
N/A
N/A
May 9, 2019
Canadian Banks. They are an interesting play because they are in everyone's portfolios. They have not really done very well. They have petered out. They are not in their seasonal period. They are probably not the best place to be. If it break down there is further weakness.
Canadian Banks. They are an interesting play because they are in everyone's portfolios. They have not really done very well. They have petered out. They are not in their seasonal period. They are probably not the best place to be. If it break down there is further weakness.
Brooke Thackray
Research Analyst, Horizons ETFs (Canada) Inc.
DON'T BUY
DON'T BUY
May 9, 2019
Forestry Stocks. Seasonality is the same as home builders and banks. They broke down to a key level and then broke that recently. It has fallen off sharply. This is not a sector to get into.
Forestry Stocks. Seasonality is the same as home builders and banks. They broke down to a key level and then broke that recently. It has fallen off sharply. This is not a sector to get into.
Brooke Thackray
Research Analyst, Horizons ETFs (Canada) Inc.
COMMENT
COMMENT
May 9, 2019
Trump has strong support across the board in America; China doesn't play by the rules. He doesn't agree with Trump's style of negotiation, but at least he is calling China on that issue. The markets are spooked by an America-China trade deal not happening tomorrow. No question: tariffs will hit both sides, though there's almost no inflation. We have the lowest unemployment since 1969, which is remarkable, yet we have no inflation--and this confuses central bankers around the world. How? We don't know. This is the most important long-term factor on markets. China has a 6% growth rate, but productivity has been falling for 15 years, yet also has little inflation. Meanwhile, the US is running a high deficit and some day it'll have to be paid back. Down the road, a dramatic melt-up could happen.
Trump has strong support across the board in America; China doesn't play by the rules. He doesn't agree with Trump's style of negotiation, but at least he is calling China on that issue. The markets are spooked by an America-China trade deal not happening tomorrow. No question: tariffs will hit both sides, though there's almost no inflation. We have the lowest unemployment since 1969, which is remarkable, yet we have no inflation--and this confuses central bankers around the world. How? We don't know. This is the most important long-term factor on markets. China has a 6% growth rate, but productivity has been falling for 15 years, yet also has little inflation. Meanwhile, the US is running a high deficit and some day it'll have to be paid back. Down the road, a dramatic melt-up could happen.
Richard Croft
President, R.N. Croft Financial Group Inc.
COMMENT
COMMENT
May 9, 2019
Is there enough liquidity and volatility to trade option on leveraged U.S. ETFs? Would there be enough volatility to make day trades? Buy options on the volatility index instead. This index is six times more volatile than the S&P 500. He thinks (not sure) that there are options on a 2x volatility index in the U.S. which means 12x the leverage.
Is there enough liquidity and volatility to trade option on leveraged U.S. ETFs? Would there be enough volatility to make day trades? Buy options on the volatility index instead. This index is six times more volatile than the S&P 500. He thinks (not sure) that there are options on a 2x volatility index in the U.S. which means 12x the leverage.
Richard Croft
President, R.N. Croft Financial Group Inc.
COMMENT
COMMENT
May 9, 2019
A perpetual strategy using a call and a put option to protect a portfolio against downside risk. Say stock X reaches a top at $60 and it falls below $50. No. You're talking about buying a put option to protect a stock you own. If X peaks at $60, you could buy a $60 put option with a 6-month term, that'll cost you $1. If the stock falls, put option rises in value, which is equivalent to a short. He doesn't like this strategy. If you're worried about a stock at a certain point, then go back and examine why you bought it. Otherwise, why keep it? Sell it.
A perpetual strategy using a call and a put option to protect a portfolio against downside risk. Say stock X reaches a top at $60 and it falls below $50. No. You're talking about buying a put option to protect a stock you own. If X peaks at $60, you could buy a $60 put option with a 6-month term, that'll cost you $1. If the stock falls, put option rises in value, which is equivalent to a short. He doesn't like this strategy. If you're worried about a stock at a certain point, then go back and examine why you bought it. Otherwise, why keep it? Sell it.
Richard Croft
President, R.N. Croft Financial Group Inc.