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Rosenberg: “S&P 5” concentration magnifies downside risk

Worthwhile overview as we enter a year of transition in 2022. David Rosenberg, chief economist at Rosenberg Research, joins “Closing Bell” to discuss the market’s performance on the last trading day of the year and the outlook for 2022.  Here … Continue reading →

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Strong hands to weak–and so it goes

More than $1 trillion of trend-following capital flowed into global equity exchange-traded funds (ETFs) over the past year–exceeding the combined total of the past 19 years (data: Bank of America Corp. and EPFR Global.)  The chart below offers a visual … Continue reading →

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2021: an excellent year for the unscrupulous

Fuelled by crypto, SPACs and commission-motivated promoters, there were 1,110 initial public offerings globally in 2021 (3x the average of the past decade).  As shown below, two-thirds of them are ending the year with losses. It is important to understand … Continue reading →

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