It’s The Oil, Stupid
What matters from here, of course, is the outlook for inflation. Clients tell me that strategists fall into one of two camps – those who believe faster wage growth and the revival of the Phillips Curve is just around the corner, and those who have completely given up: they see no reason to look for […]
Canadian Dollar Battles Headwinds Ahead Of Inflation Release
Talking Points: Oil is underpinning the Loonie but US shale supply looms. Friday’s inflation data will steer the central bank’s monetary policy for the rest of the year. The October USD/CAD high may come back into play. Fundamental Forecast for CAD: Neutral We remain neutral on the Canadian Dollar but would look closely at buying USD/CAD if oil […]
Market Commentary For Early November 2017
The week ended with the Dow Jones closing down on Thursday and Friday. Still the week closed with the Dow Jones only 0.60% below its last all-time high made on Wednesday, far from its BEV -5% line seen in the BEV chart below. Seventeen months have passed since June 2016, when the Dow Jones last […]
A Gold Price Forecast For 2018
What will the gold price do in 2018? That’s the question top of mind of investors after both bulls and bears got confused this year: gold moved from a breakout to a breakdown situation. Gold made investors bullish this year only to result in strong bearish price action subsequently. Given the recent neutral trend in […]
There Are Things Underfoot In The Market That Could Cause Some Scares
As we like to say at Tematica, the stock market is much more like a good movie than a photo in that there are several story beats with a developing plot that can have a few twists and turns. In keeping with our Connected Society and Content is King investing themes, we would say the market is resembling Netflix’s […]
Forex Strength And Comparison Week 46 / 2017
In the Currency Strength table, the CAD was the strongest currency while the AUD was the weakest. There were some significant changes last week with the GBP and CHF gaining 2 points and the USD losing 3 points. The other currencies remained around the same level of last week with a maximum change in the strength of just […]
Correction Phase In SPX Not Over
On Nov. 7, SPX appeared to make a short-term top at 2597.02 which was re-tested successfully the next day at 2595.47 before pulling back sharply down to the 2566 support. It was unfortunate that we did not go a little higher on the second top, since it looked as if an ending diagonal triangle was […]
Crypto Chaos Explained – Bitcoin Crashes As ‘Cash’ Tops Ether For First Time
Bitcoin collapsed overnight, trading as low as $5555 – down 30% from its highs – before bouncing back above $6000, as Bitcoin Cash soared to as high as $2450 (4 times its price on Friday), overtaking Ethereum briefly as the second largest market cap cryptocurrency. image courtesy of CoinTelegraph Bitcoin has lost around $30 billion in market […]
A “New” Marijuana ETF Is On The Way
In 2012, Washington and Colorado became the first states to legalize recreational marijuana use. By 2020, it’s expected that marijuana will grow to a $21 billion a year industry. ETF investors who have been clamoring for a good way to get in on the cannabis trend have largely been unserved. There’s the recently launched Horizons […]
Equity Corrections Will Occur Again, Maybe Sooner Than One Expects
If there is one factor that perplexes me about the current market environment it is the lack of volatility since the election. The last time the market experienced a greater than 5% correction was in June of 2016 and the last double digit pullback was in February 2016. Going back to 1980 the average intra-year […]
