Value stocks, Financials, Energy, Industrials and Materials.
If that doesn’t scream Canada, then I don’t know what does!
Here’s what the breakdown looks like: [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
Value stocks, Financials, Energy, Industrials and Materials.
If that doesn’t scream Canada, then I don’t know what does!
Here’s what the breakdown looks like: [Read more…]
by JC
These are the registration details for our live monthly conference call for Premium Members of All Star Charts.
This month’s Conference Call will be held on Monday March 15th at 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.
Here are the details for Monday night: [Read more…]
by JC
So here’s the question, with the inevitable mean reversion for growth and tech, will you take that opportunity to lighten up on any growth & tech you have left to buy more value?
Or will you double down on the growth and ignore value stocks? [Read more…]
by JC
Bitcoin is a market that we are very fond of here at Allstarcharts. You’ve heard me say it plenty: it’s a beautiful case study for Technical Analysis.
It’s not a company. There are no fundamentals.
And you guys have watched us analyze the behavior of Bitcoin and other Crypto Currencies since early 2016.
It’s been pretty amazing to watch and participate in a new market like this. They were telling us we were late to the party back then. They’re still saying the same thing now.
My bet is crypto is here to stay. So who better to have a conversation with than Greg King, Founder & CEO of OSPREY Funds, the newest vehicle to give investors access to this market.
This is probably one of the most fun conversations I’ve had in a long time. For me, it’s a price behavior thing, as you’re all well aware. I’m not the expert in the technology and the regulatory mechanics behind these things.
That’s why I like keeping smart folks like Greg King around! I’m also a founding investor in OSPREY Funds, so I’m fully on board with their vision. After this conversation, as you’ll see, I’m much more bullish crypto than I was before.
This was so awesome.
Enjoy!
by JC
You see, just because you and your crazy friends have way too much U.S. Large-cap Growth exposure, doesn’t mean the stock market is in a correction.
Stocks can do very well while Tech and Growth severely underperform.
May I remind you that Tech was the leader early in the recovery back in 2002-2003. And then handed over the baton to everyone else: [Read more…]
by JC
It was John Roque who taught me this so many years ago. At least a decade if I had to guess.
We’re NOT in a reversion to the mean business. This is a reversion BEYOND the mean business.
In other words, assets don’t just get back to what is “average”. They tend to overshoot. And that’s the norm, not the exception.
This mean reversion we’ve seen in energy could be just that, a reversion back to the average. But if I’ve learned anything over the years, these things tend to overshoot.
We’ve been very vocal about this Value rotation, of course. But coming into the weekend, the big question I pose to myself, my team, and the market for that matter, is this:
Will Energy run into trouble at this logical level? Or will it not care what JC thinks is a logical level? [Read more…]
by JC
There’s nothing like a good bubble popping to throw a wrench in everyone’s plans.
The passive investor bubble popped. They’re getting smoked and I think it only gets exponentially worse for them moving forward.
The U.S. home country bias is a bad one too. That one looks like it popped and about to get a whole lot worse for people who think the United States and The World are the same thing.
Bonds going up for 40 years? That’s normal right? It’s too early to call a generational turn. We can’t make that call until 10s are holding above 3%. But it sure looks like that was it.
Meanwhile, the “Lack of Commodity Exposure” bubble is very apparent. I got in this business back in the day and was taught that there were 3 asset classes: Stocks Bonds & Commodities.
Commodities have done so poorly for so long that people just forgot it was an asset class. Is there a better landscape for a change in trend than after completely being eliminated from asset class status?
Pop! I think that one’s over too.
And how about the Growth vs Value that we keep harping on? Some people have even gone as far as calling themselves “Growth Investors”, because they forgot that there were other types of stocks that do very well in different types of environments.
Here’s a peek at what this all looks like right now: [Read more…]
by JC
This morning I popped on to Yahoo Finance to chat with Jared Blikre about this rotation out of Growth stocks and into Value. It’s going to be hard for people to wrap their heads around buying old dirty energy companies and the banks that they hate so much.
You can’t save the world through your portfolio. It was fun watching people try.
That’s over, but still hilarious when looking back on it.
Anyway, here’s what we’re watching: [Read more…]