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 »
What drives the stock market higher or lower? In one word, it’s liquidity. Below on the left is a bar graph of global liquidity in US$ trillion. And on the right is the Vanguard Total World Stock Index ETF (VT) over the same time. Notice the correlation between the two? Here’s what they look like overlapped together.… Read More »
Opportunity for the well prepared Well it’s finally happened. The record breaking 11 year long bull market has come to a screeching halt as stocks tumbled more than 30% in the fastest pace ever recorded. Last Thursday the TSX dropped 12% in a single day, the most in recorded history. But this should come as no surprise if… Read More »
Dale Jackson retired at the age of 55. He didn’t win the lottery or start his own successful business. He just worked and saved diligently throughout his career as a media journalist, most recently known for writing investment articles for BNN Bloomberg. He explains how he achieved early retirement in a recent interview. Here are some highlights below. Keep… Read More »
Stock markets are down around the world in December. The Nasdaq Composite which is a barometer for tech companies has fallen 15% so far this month. Top economists and investors have been sounding the alarm for months on an economic recession. A New York Times survey discovered that 48% of business leaders at the Yale CEO Summit expected… Read More »