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COMMENT
COMMENT
July 11, 2019
We're locked in a tug of war between a slowing economy and expectations for lower interest rates. US Fed Chair Powell meets with the Senate this week. Canadian oil stocks aren't attracting investors, because there is too much product that can't get out. Yes, some oil stocks are paying a high yield, but these may be too good to be true and unsustainable.
We're locked in a tug of war between a slowing economy and expectations for lower interest rates. US Fed Chair Powell meets with the Senate this week. Canadian oil stocks aren't attracting investors, because there is too much product that can't get out. Yes, some oil stocks are paying a high yield, but these may be too good to be true and unsustainable.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
COMMENT
COMMENT
July 11, 2019
TRST has been punished this week for violating Heath Canada rules He doesn't own cannabis. The industry is unsettled, unclear where the value will be created and the regulations keep evolving. There's also the issue of corporate governance--who's on the board? He's seen some shady characters on the board of some cannabis companies (not TRST). Also, valuations are astronomical.
TRST has been punished this week for violating Heath Canada rules He doesn't own cannabis. The industry is unsettled, unclear where the value will be created and the regulations keep evolving. There's also the issue of corporate governance--who's on the board? He's seen some shady characters on the board of some cannabis companies (not TRST). Also, valuations are astronomical.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
COMMENT
COMMENT
July 11, 2019
How are the markets? Markets are good, and so is the price of gold. So life is good.
How are the markets? Markets are good, and so is the price of gold. So life is good.
Ross Healy
Chairman, Strategic Analysis Corp
COMMENT
COMMENT
July 11, 2019
Where is the price of gold going? Nice to see it break out after 5 years. It's going a lot higher. The global monetary and fiscal situation is a mess. The only way central banks can keep things going is by dropping interest rates and maintaining stimulus. Gold is moving because interest rates are moving down. It's what central banks are saying about the quality of the expansion, and it's not good, so they have to drop interest rates. All things come to an end. He's looking for the S&P to reach its calculated fair market value, he calculates it at about 3100, and we're at 3000 now.
Where is the price of gold going? Nice to see it break out after 5 years. It's going a lot higher. The global monetary and fiscal situation is a mess. The only way central banks can keep things going is by dropping interest rates and maintaining stimulus. Gold is moving because interest rates are moving down. It's what central banks are saying about the quality of the expansion, and it's not good, so they have to drop interest rates. All things come to an end. He's looking for the S&P to reach its calculated fair market value, he calculates it at about 3100, and we're at 3000 now.
Ross Healy
Chairman, Strategic Analysis Corp
COMMENT
COMMENT
July 11, 2019
Earnings expectations falling? A year ago, consensus for this quarter was a gain of 9%. Now it's looking for -2.9%. The bulls are saying 2019 will be soft, and 2020 will be a recovery. The expected earnings chart says otherwise.
Earnings expectations falling? A year ago, consensus for this quarter was a gain of 9%. Now it's looking for -2.9%. The bulls are saying 2019 will be soft, and 2020 will be a recovery. The expected earnings chart says otherwise.
Ross Healy
Chairman, Strategic Analysis Corp
COMMENT
COMMENT
July 11, 2019
Critical level for the S&P 500? Structural support level is 2550. If the market pulled back that far, you'd probably get a nice rebound from there.
Critical level for the S&P 500? Structural support level is 2550. If the market pulled back that far, you'd probably get a nice rebound from there.
Ross Healy
Chairman, Strategic Analysis Corp
COMMENT
COMMENT
July 11, 2019
Investing smartly and wisely. Massive disruption in retail driven by Amazon, and it's spreading. The rules of investing are changing. And if you don't grasp this and take advantage, your portfolio is going to get hammered.
Investing smartly and wisely. Massive disruption in retail driven by Amazon, and it's spreading. The rules of investing are changing. And if you don't grasp this and take advantage, your portfolio is going to get hammered.
Ross Healy
Chairman, Strategic Analysis Corp