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                        This May Or May Not Be The Right Time For RVRS

E This May Or May Not Be The Right Time For RVRS

I co-authored a paper on RVRS in 2016 that now appears on the website of the Global Finesse consulting firm where I head the Investment product consulting practice. It also is on the Exponential Shares website as RVRS is an Exponential Shares product.  RVRS is a solid investment strategy based on three proven constructs: Mean Reversion; the […]
Market Talk – Monday, Nov. 26

Market Talk – Monday, Nov. 26

It feels as though this is the week that the markets have been building for all year! Having heard late yesterday that the EU 27 had accepted the Brexit terms it is now up to Parliament to vote on the deal. This vote is expected, though not scheduled, for December 12th so we can expect […]
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                        The Deflationary Impact Of The Decline In Oil Prices In Canada

E The Deflationary Impact Of The Decline In Oil Prices In Canada

History may not repeat itself exactly, but it can be an excellent guide to what lies in store, especially in the oil industry. Dramatic changes in the price of oil have long been a harbinger of the big changes in prices and incomes for a major producing country such as Canada. Let’s start by looking […]
GM Cuts 14,700 Jobs As Auto Bubble Begins To Burst

GM Cuts 14,700 Jobs As Auto Bubble Begins To Burst

On Monday, General Motors announced that it will cut 14,700 jobs or 15% of its North American workforce in addition to closing three assembly plants and two other facilities: In the most far-reaching shake-up since the company emerged from bankruptcy more than eight years ago, General Motors will shutter three North American assembly plants and two other facilities, while […]
S&P 500 Sector Annual Total Returns Since 1990

S&P 500 Sector Annual Total Returns Since 1990

Below is a look at annual total returns for S&P 500 sectors going back to 1990. At the bottom of the table, we also show each sector’s cumulative total return since the start of 1990 and its annualized return over this time period. We also show the standard deviation of annual total returns. In the […]
Mallinckrodt Drops As Citron Takes Aim Again

Mallinckrodt Drops As Citron Takes Aim Again

Shares of Mallinckrodt (MNK) are under pressure after Andrew Left’s Citron Research tweeted that the company failed its “only real clinical trial of Acthar” and also failed to disclose the outcome. Additionally, the short-focused research firm pointed out that the “failed clinical studies comes weeks after OIG publishes that Acthar is a drug based on […]
Direct Bidders Soar In Strong 2Y Treasury Auction

Direct Bidders Soar In Strong 2Y Treasury Auction

October presented rates traders with a bit of a mystery: virtually every Treasury auction saw a surprisingly low Direct takedown, in some cases Direct bidders taking down the lowest amount of paper offered in years. It now appears to be payback time. Moments ago, the US Treasury sold $39BN in 2 Year Notes, a $1 […]
What Thanksgiving Cranberries And Bitcoin Have In Common

What Thanksgiving Cranberries And Bitcoin Have In Common

Football is as much a part of Thanksgiving as turkey and family are, and nearly as old as the holiday itself. It was President Abraham Lincoln who proclaimed Thanksgiving a national holiday in 1863, saying that he hoped all Americans would carve out some time to bless the “widows, orphans, mourners or sufferers in the […]
The Smashing Effects Of A Trade War

The Smashing Effects Of A Trade War

Image by Steve Buissinne sourced from pixabay There was a period of time when I was obsessed with home improvement shows. I’d watch almost anything on the subject: Backyard makeovers, kitchen remodels, gut renovations, you name it. It’s fascinating to see what a skilled craftsman can do with the proper tools. In fact, if there’s […]
Why GE Is Tumbling Again

Why GE Is Tumbling Again

Not a day passes lately without GE stock getting hit by some unexpected development, and today was no exception. GE shares, which are down 58% YTD, dropped over 2% on Monday, after sliding as much as 4.1% earlier in the session and approaching its financial crisis low of $6.66, following a research report by Gordon […]