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​

May 22

Nasdaq 100 Index ETF QQQ: Feel Home Alone
​​W​​e must realize that the last up leg of the market is lead by technology stocks and we must monitor the risks accordingly within our portfolios.

US Technical Charts Potpourri
​I am wondering about the weakness of the US Dollar Index that could weight eventually on the US stock Market going forward...

Canadian Technical Charts Potpourri
​The XIU ETF still under performing the SP100 Index as the Financial Sector are into a downtrend technically speaking after the Canadian Banks downgrade Story two weeks ago...


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​​May 15

​SP500 Technology ETF (XLK): The Apple Experiment?
​The Technology Sector ETF is at a Major Technical Crossroads.

US Technical Charts Potpourri
​​​The Market is back on the upside since SPY ETF broke the weekly resistance trendline from a downtrend channel three weeks ago. Bulls need to protect the Weekly Uptrend Channel

Canadian Technical Charts Potpourri
​The XIU ETF still under performing the SP100 Index as the Financial Sector are into a downtrend technically speaking after the Canadian Banks downgrade Story

Debunking the "Sell in May" Stock Trading Strategy
Among stock traders, there's an old English saying that invariably gets trotted out every year at this time...

​​I’m Hearing A Lot Of Smart People Use ‘The Four Most Dangerous Words In Investing’ These Days,
Is it truly different this time? Certainly, there are a lot of smart folks who seem to think so.

May 8

​SP500 (SPY ETF): Atypical Market?
​In fact, the market is full Risk On and embracing one main investment theme here: Big Capitalization Technology exposure stocks.

US Technical Charts Potpourri
The Market is back on the upside since SPY ETF broke the weekly resistance trendline. Observe the Stocks and Commodities Major Price Divergence lately...

Canadian Technical Charts Potpourri
​The XIU ETF still under performing the SP100 Index as the Financial Sector are into a downtrend technically speaking after the Home Capital Group Story...

US Equity Volatility Is Near 90-Year Lows
​While volatility remains historically depressed, there is a divergence. Global cross-asset volatility remains well above long-term lows.

May Macro Update: Two Watch Outs Are Retail Sales And Employment Growth
​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.

May 1

Nasdaq 100 Index ETF QQQ: Runaway Train?
We must realize that the last up leg of the market is lead by technology stocks and we must monitor the risks accordingly within our portfolios.

Monthly Technical Charts Potpourri
​I still think that we must realize that the US Dollar direction will drive markets going forward

US Technical Charts Potpourri
​The Market still into a Consolidation process since SPY ETF is back testing the previous weekly resistance trendline and unable to close above yet....

Canadian Technical Charts Potpourri
​The XIU ETF is under performing the SP100 Index as the Financial Sector are into a downtrend technically speaking after the Home Capital Group Story...

Fund Managers' Current Asset Allocation - April
​ Of note is that allocations to US equities dropped to their lowest level in 9 years in April

This indicator had a divergence in both 2000 and 2007; a divergence is also present in 2017
​Market breadth speaks to the number of stocks participating in an advance...

Why Have Bankers Become So Bearish?
​This begs the question, ‘why have the stocks run so far ahead of economic fundamentals?’ I think the main reason is investors’ hopes for financial deregulation have soared since the election.

​​April 24

​Volatility: My Canary in the Coal Mine
​It is interesting to check the trend on a few Volatility Indexes on different asset classes.

US Technical Charts Potpourri
​The Market still into a Correction process since SPY ETF broke its weekly support trendline

Canadian Technical Charts Potpourri
​The XIU ETF is under performing the SP100 Index as the Energy and Material Sectors are into a downtrend technically speaking...

How The Passive Investing Mania Undermined Its Most Basic Assumption
​I have argued that “passive investing” is an oxymoron because it denies precisely that which defines an investment: active analysis.

Performance on Mondays & Fridays Key to Bull Market Survival
​When traders and investors are reluctant to hold positions over the weekend and fail to buy on the first trading day of the week, they are showing a lack of confidence.

Is the US Stock Market at a Major Inflection Point?
​“Given that the primary trends are still up, the onus is on the bears at this point to prove that this is something more than just a consolidation,” Krinsky said.

Are Bonds Headed Back To Extraordinarily Low Rate Regime?
​The U.S. 10-Year Treasury Yield has dropped back below the line containing the past decade’s “extraordinarily low-rate” regime.

​​​
​April 17

SP500 Market Internals at Technical Crossroads?
​That tells me how convinced (or complacent?) market participants are about the market potential​​​ in terms of risk reward on a short term basis.

US Technical Charts Potpourri
​The Market into a Correction process since SPY ETF broke its weekly support trendline and as geopolitic risks rising tremendously lately...

Canadian Technical Charts Potpourri
​The XIU ETF is out performing the SP100 Index as the Energy Sector is bouncing back technically speaking.

How Dollar Moves Stocks; More Stockpicker Pain
​Donald Trump may want a weaker greenback, but U.S. stocks usually benefit when the currency rises.

Searching for the Market Portfolio
​With the explosion of index ETF products and a sharp reduction in fees in recent years, the goal of approximating the market portfolio has become more attainable.

Buy When There's Blood in the Streets? Market Timing with Volatility Triggers
Market volatility has long been one of the most disruptive aspects to investing and investor behavior.

​​​​April 10

​When Stocks and Bonds Are On a Collision Course
​The strong rally in stocks​ lately has been enough in terms of valuation ​compare to interest rates.

US Technical Charts Potpourri
​The Market in a Consolidation process as Trump start to feel the weight of politics and geopolitic risks rising tremendously...

Canadian Technical Charts Potpourri
​XIU ETF is out performing the SP100 Index as the Energy and Material Sectors are bouncing back technically speaking


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