FINANCIAL ICEBERG
Always consider hidden risks



Jean-Pierre Desloges CFA  is a professional  investment consultant/ blogger/ trader with over 25 years of experience working on the buy and sell-side.

​​I have researched and invested in traditional and alternative asset classes and worked at Pensions Funds, International Banks and Dealers.   
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Market Insight​

December 10

US Technical Charts Potpourri
​The SP500 Index is in an euphoria phase technical pattern as the Trump Tax Approval was more than welcome by the markets.

Canadian Technical Charts Potpourri
​​​Canadian Stocks (XIU ETF) trading higher on Bank of Canada dovishness.​

I Melt with You: Anatomy of a Market Melt Up
​Melt ups can be fun while they’re underway; but they don’t tend to end well, and it’s tricky to time the inevitable failure.

Everyone In The (Stock Market) Pool?
​The percentage households’ financial assets currently invested in stocks has jumped to levels exceeded only by the 2000 bubble.

It’s Time To Get Real With Your Investment Portfolio
​And focusing entirely on financial assets to the exclusion of real ones could prove to be a very painful mistake.

​​​​December 3

​US Technical Charts Potpourri
​Retail is still chasing Momentum and High Beta stocks in favor of Value stocks, a situation that is becoming extremely speculative.

Canadian Technical Charts Potpourri
​Canadian Stocks (XIU ETF) trading higher on Bank stocks.

Navigating the Speculative Id of Wall Street - John P. Hussman, Ph.D.
​Again, the main danger is in being seduced to believe that just because prices have reached a certain level, they must somehow actually belong there. This is evidently a lesson that investors will have to learn the hard way, yet again.

The Two Most Important Investing Decisions

Volatility Traders Scared Of (Stock) Heights?
​Despite the S&P 500′s jump to new all-time highs, trading in the short-term volatility market is signaling elevated levels of fear.

'It's beautiful': This Toronto startup is investors' secret weapon to beating the market
​Hedge funds pay handsomely for Quandl's market-beating alternative data, but when does such data cross the line into privacy violations or insider trading?

November 26

​US Technical Charts Potpourri
​The US stock market continue to grind even if some doubt exist on the time delivery and package of the Trump Tax Cuts.

Canadian Technical Charts Potpourri
Canadian Stocks (XIU ETF) trading higher on Bank stocks.​Softer Canadian Economic data lately relative to the US will ​push the Bank of Canada to act cautiously going forward.
​​
​​​November 19

US Technical Charts Potpourri
​The SP500 Index is finally taking a pause awaiting more details on the critical Trump Tax Approval needed to keep the Bull trend...

Canadian Technical Charts Potpourri
​The XIU ETF finally started to out perform the SP500 Index (SPY ETF) as the Bank of Canada softer tone 8 weeks ago bring the XIU back above the critical level of 22.78. Oil stocks still helping tremendously on a short term basis.

Fund Managers' Current Asset Allocation - November
​Cash levels have fallen to the lowest level in 4 years. Allocations to global equities have risen to the highest level in 2-1/2 years. In most respects, investors are now bullish.

5 Agents of Change Investors Need to Know About Now
​The world is changing fast right now in ways that many investors might not easily recognize or want to admit. This could end up being a costly mistake. If you’re not paying attention, you could be letting opportunities pass you by without even realizing it.

The Junkie Market, i.e., Lots Of Highs & Lows, Is Back
​ The past few days have seen a reversal from substantial net New lows to substantial net New highs – a condition that has preceded poor performance in the past.

​​​​​November 12

US Technical Charts Potpourri
​The SP500 continue its grinding phase trade technical pattern; New High Ever Rejected with a Weekly Doji...

Canadian Technical Charts Potpourri
​Canadian Stocks (XIU ETF) trading higher mainly on Oil stocks..​Softer Canadian Economic data lately relative to the US will ​push the Bank of Canada to act cautiously going forward

Why investors shouldn’t rely on sentiment indicators for market-timing
​‘Sentiment is a tricky thing’, says Bespoke’s macrostrategist Pearkes

Gundlach's Stock Market Warning Comes True
Deteriorating junk bonds threaten equity-market darlings. Correlation had reached most negative level in three years.

​​​6 of Last 8 Concurrent DJIA & S&P 500 Monthly Winning Streaks followed by Correction or Bear within a Year  ​If November or December turns out to be the month that ends the current streak, then mid-term year 2018 could be the host of the next correction or bear market.

November 5

US Technical Charts Potpourri
​Retail is still chasing Momentum and High Beta stocks in favor of Value stocks, a situation that is becoming quite speculative

Canadian Technical Charts Potpourri
​The XIU ETF finally started to out perform the SP500 Index (SPY ETF) as the Bank of Canada softer tone 6 weeks ago bring the XIU back above the critical level of 22.78. Interest sensitive stocks (banks, utilities,...) and oil stocks still helping tremendously on a short term basis.

November Macro Update: Recession Risk Remains Low
​ The macro data from the past month continues to mostly point to positive growth. On balance, the evidence suggests the imminent onset of a recession is unlikely.

​​The Global Equity Rally Is Getting ‘Extended’
The All-Country World Index is hitting a trio of key Fibonacci Extensions.

This Time Is Different, But Not How Investors Imagine It Is Different
​Market valuations, on these measures, presently approach or exceed the 1929 and 2000 extremes, placing U.S. equity market valuations at the most offensive levels in history.

​​​​​​October 29

US Technical Charts Potpourri
​Euphoria Sentiment into the market coming mainly from Technology and Internet stocks​...

Canadian Technical Charts Potpourri
​Interest sensitive stocks (banks, utilities,...) and oil stocks helping tremendously on a short term basis.

Global debt hits record $226-trillion as central bank shift looms
​Global debt now amounts to 324 per cent of the world's annual economic output, the Institute of International Finance (IIF) said in a report on Wednesday.

​​​​October 22

US Technical Charts Potpourri
​The SP500 Index continue its grinding phase trade technical pattern; New High Ever on Low Volume... Euphoria Sentiment into the market...

Canadian Technical Charts Potpourri
Canadian Stocks (XIU ETF) trading higher mainly on Banks stocks..​Softer Canadian Economic data lately relative to the US will ​push the Bank of Canada to act cautiously going forward.
​​
A Bull Market in Complacency
​Bullish stock market sentiment has gotten extreme again, according to Investors Intelligence.

Trouble brewing in advance/decline lines?

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