There is no denying. By almost every measure, U.S. stocks were at historically high valuations in 2021 and especially heading into 2022. Stocks were driven higher thanks to TINA – there is no alternative (to stocks). Bonds are terrible, so buy stocks, no matter how expensive. The thing is, bonds and U.S. stocks both offer […]
More than interesting stock charts on the Sunday Reads.
I have a real nice mix of reads for you today in the Sunday Reads. But first, I will offer up a framing of the economic situation as it sits today. And I have some very interesting charts to share. 2022 is about that battle between solid economic growth and growing earnings and revenues from […]
Asset returns for stocks and bonds in 2021.
2021 was an incredible year for investors. The S&P 500 rose 27% in 2021, hitting 70 all-time highs in the interim. That’s the most new records for the benchmark index since the 77 it set in 1954. For the first time in its history, all of the sectors in the S&P 500 also posted double-digit gains.. That […]
The U.S. stock market is looking for another double digit return hat trick, on the Sunday Reads.
The U.S. stock market is likely about to offer a rare event, three consecutive years of double digit returns. That hat trick has occurred 9 times over the last 90 years. U.S. stocks offered a 31% return in 2019, in 2020 they kicked off the decade with an 18% return. We are currently over 25% […]
Canadian stocks are looking rosy, says Rosey, on the Sunday Reads.
Canadian economist David Rosenberg is known as a ‘permabear’. Meaning that he is usually predicting a market decline or recession. Of course the old joke is that economists have predicted eight of the last two recessions. That said, Rosenberg (Rosey) and a select few economists and portfolio managers did predict the last two major stock […]
The Canadian banks are looking to pay you more on the Sunday Reads.
The big Canadian banks and other financials finally got the go-ahead from OSFI. They are now allowed to increase dividends and buy back shares. Those are two major moves that return value to shareholders. Of course, paying down debt and investing in future growth projects are in the mix when companies have free cashflow. The […]