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Daily Archives: February 11, 2022
Pop Quiz: What would it take to return the TSX to where it topped in 2008?
The oil and gas overweight (13%) in Canada’s TSX typically helps buoy the Canadian stock market late in each market cycle. Oil prices leap, explode the highly levered global economy and then plunge with demand once more. Comparatively, just 3% … Continue reading
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Yield curve and consumer sentiment flatten with January inflation
The consumer price index for January rose 7.5% compared with a year ago and was slightly higher than the consensus estimate of 7.2%. As shown on the left courtesy of CNBC, this was the highest on this reading since February … Continue reading
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Grantham: super bubbles harm real life financial plans
Holders typically love it when asset prices rise far above long-term norms. But gains accidentally made in the bubble phase are always taken back in the bursting, and most participants are left worse off in the end. Believe it or … Continue reading
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