Omar’s Quick Take – Canadian Bank Stocks Under Pressure, Opportunity Once the Storm Passes
For anyone who may not have been paying attention, it may come as a shock to hear that Canadian bank stocks are collectively down more than -30%, as of writing, since their highs in February 2022 (using the BMO Equal Weight Banks ETF (ZEB) as a measure). Given the size and importance of our banking […]
Omar’s Quick Charts: Nasdaq 100 Last to Get the Memo?
With much of our equity exposure tilted towards longer duration, “growth” style, equities, the Nasdaq 100 (or represented by the Invesco QQQ ETF) is probably one of the closest indices we could call a benchmark. As seen with the chart below, the past two weeks have been somewhat painful, with the QQQ (purple line) catching […]
Omar’s Quick Chart – Ethereum’s Growing Dominance
In spite of cryptocurrencies now numbering in the thousands, it is interesting to see that not only is the overall crypto market still largely dominated by Bitcoin and Ethereum in terms of sheer volume traded, but that the latter seems to taking overall leadership.
Omar’s Quick Chart – Uranium is the talk of the Street
The strong recent performance of uranium stocks has caught Wall St.’s attention, with a growing narrative taking hold of an heavily skewed supply/demand imbalance leading to ever stronger uranium prices, the product of years of lowered production and dwindling inventories colliding with growing demand mandated by green policy initiatives from governments. To me, the jury […]
Omar’s Quick Charts – BOC vs. CESI – Canada
Today’s Bank of Canada (BOC) decision to maintain the overnight rate at 0.25% and the pace of Quantitative Easing to $2b of assets purchased a week is not overly surprising given the context of an economic backdrop that looks to be decelerating, when looking at the following chart for Canada of the Citi Economic Surprise […]
Omar’s Quick Take – Who’s Scared of Deficits? Not the MMT Crowd
As governments around the world have unleashed massive deficit spending to offset the devastating economic impacts that their public health policies have engendered, many economists and market participants have begun to wonder what future fiscal policy measures will be needed to tackle these deficits and increased government debt. One of the first things that come […]
Omar’s Quick Take – China Social Credit Impact on Asset Classes
Due to the sheer size of the Chinese economy and its corollary impact on global markets, many market participants have paid close attention to the social financing policies of Chinese authorities and the ensuing credit impulses they have generated. As seen from the following chart, you can see the last major impulse was initiated at […]
Omar’s Quick Takes – DB Investor Survey Shows Interesting Shift in Investor Concerns for 2021
The following chart from DB’s Jim Reid highlights the results from a recent client survey they conducted. With vaccines staring to rollout, interesting to see concerns surrounding vaccine effectiveness, side effects and logistics take top spots. However, one could wonder with the recent broadside of lawsuits against Facebook from the FCC and numerous State’s AGs […]