Monitor your media diet. Are you going to wake up on Monday morning at 6 am and put down three cheeseburgers and fries with an ice cream sundae? No, of course not. That would be ridiculous. Well, waking up and…
It was Wednesday afternoon, and I was shooting an interview with the talented Catherine Murray. Off camera Catherine said to me, “You’re not investing in Canada, right?” “You bet I am. Imperial Oil is the best Energy stock in the…
Remember, everybody’s wrong. Today, we’ll focus on how everybody’s wrong about valuations. I’m almost finished reading my friend Barry Ritholtz’ new book, “How Not To Invest.” Barry is the co-founder of the fastest-growing investment advisory firm in the country. He…
This daily e-letter is called “Everybody’s Wrong” for a good reason. We’re not here to waste our time with fundamentals and/or geopolitics. That stuff is too hard. It’s much easier to bet that humans will make irrational decisions. That’s way…
Here’s the thing about market sentiment: It’s hard to gauge. But we don’t have to pretend. We know. It’s quite obvious, however, that other people, with extreme insecurities, do actually have to pretend. And they’re embarrassing themselves. Technical Analysis, broadly…
A common question I get is about the turmoil in the Middle East. And not just this week. And not just this year. It’s every year. My entire career. When is there no turmoil in the Middle East? Isn’t this…
About five years ago I passed the Certified Sommelier Exam. It took about four years of training to get there. On my first day of Sommelier kindergarten, I realized right away these Master Sommeliers were Technical Analysts, just like me.…
There’s a lot about markets we simply don’t and can’t know, especially about the future. So what I like to do is to focus on the things that we do know. Asset prices trend. Momentum is a thing. And humans…
A lot’s changed since the beginning of the year. We came into 2025 looking for a decline in the U.S. Dollar. Positioning suggested this was the most likely outcome, with speculators betting very aggressively on a rising Dollar. Commercial hedgers…
When everyone is piling into the stock market chasing returns, that’s usually a sign things are getting frothy and we’re likely due for some type of correction. To be clear, that is NOT what is currently happening. Retail investors are…
