Author Archives: Liquid Independence
The S&P 500 continues to reach new highs on a weekly basis. But a major top could be forming right now. One of the most reliable indicators to anticipate market tops and bottoms has been the bullish percent index. The BPI is a breath indicator that uses a point & figure chart to determine when markets are overvalued… Read More »
The S&P 500 hit a record high this week of 4850 points. And it may continue moving even higher. 😀 But this doesn’t mean the overall stock market is doing well. In fact the Russell 2000, which is a more inclusive index of US stocks, is still down about 15% from its all time high back in late… Read More »
Welcoming 1.2 million new people this year Happy holidays, everyone. 🎅 With a new year comes new challenges and opportunities. But one thing that won’t change much in 2024 is the rate of immigration, lol. The government recently decided to plateau its long-term immigration targets, gradually increasing the amount of new permanent residents from 465,000 in 2023 to… Read More »
Small stocks, big value The stock market has been on a tear lately. The S&P 500 now has a forward P/E ratio of 18.7 which is more expensive than its historical average. As investors we want to buy assets when they are cheap. Luckily stocks can be grouped by size. The S&P 500 are large cap companies. But… Read More »
US stocks are down year to date You probably wouldn’t have guessed it, but stocks are down 4% in 2023 so far. This is according to the S&P 500 equal weight index. However the more commonly quoted S&P 500 index is up 10% year to date. Why the big difference? It’s because only a handful of the 500… Read More »
Renters can feel house poor too The cost of rent continues to climb in Canada. Nowhere is it more expensive than the Greater Vancouver Area. According to liv.rent the top 5 Canadian cities with the highest average rent are all here in the lower mainland. Here are the prices for a 1 bedroom unit without furniture. Below are… Read More »