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Cory’s Chart Corner
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As per the historical script, we are in the distribution phase of the equity cycle and the bag holder is always the same, Mr. & Mrs. Retail. h/t @GlobalMktObserv
🔴Hedge funds are offloading Magnificent 7 stocks at an UNPRECEDENTED pace:
Hedge fund net exposure to the Mag 7 is down to ~17% of total North American net exposure, near the lowest in 3 years.
At the same time, the top-most purchased stocks by retail investors last week were
Category Archives: Main Page
Job losses leaping
Slowly, then all at once…job losses ‘unexpectedly’ leaping across many sectors. Andy Challenger, Senior Vice President, Challenger, Gray & Christmas, shares his insights on the latest Challenger layoff report in the U.S. and what sectors were most impacted. Here is … Continue reading
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Bank of Canada waits for financial pain to worsen
Yesterday, the Bank of Canada (BoC) held its overnight rate target at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. They did not ease monetary conditions while noting that domestic demand remained flat and the labour … Continue reading
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Dark factories
The idea that re-shoring manufacturing will increase good-paying jobs in North America faces some challenges from automation. Corporations focus on profit margins, so where machines are more efficient than human labour, automation will win out. Factories have been transformed by … Continue reading
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