This is the video recording of the May 2020 Conference Call.
The Helsinki Indicator
Is the Helsinki 25 Index not on your radar? Well it probably should be. It’s hard to find a better gauge of risk appetite and risk aversion anywhere out there in the world.
Take a look at a chart of this rarely discussed index over the past half decade. Finland is where we want to be looking. In this case we’re comparing it to the Allstarcharts Global Top 10 Index where we are equally-weighting the 10 largest markets around the world. See any similarities? [Read more…]
Money Game Podcast: Go About Your Business (EP.15)
[Premium] Details For May 2020 Conference Call
These are the registration details for the monthly conference call for Premium Members of All Star Charts.
This month’s Conference Call will be held on Monday May 18th at 7PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with all of the other calls since 2015.
Here are the details for Monday: [Read more…]
We’re Buying These Breakouts
If you haven’t heard by now, the Online Retail Index broke out to new all-time highs. We’re not exactly seeing that from a broad-based perspective. This is not happening domestically and it’s certainly not happening around the world. The rotation we’re seeing among sectors and industry groups is real. Today we’re going to focus specifically on online retail.
The way I see it, the question here is simple. Is the massive reversion, and return to these prior highs, “the” move? Or was that just a multi-year consolidation, and the move is just getting started?
Here’s what that looks like: [Read more…]
All Star Interviews Season 3, Episode 23: Jordan Kotick, Market Strategist
Jordan Kotick is one of the key people that early in my career inspired me to be more intermarket oriented. They would ask Jordan about the S&P500 and he would go into a tangent about bonds. They would ask him about Emerging Markets and he’d whip out, what he refers to as, “Chinese Dow Theory”. For over a decade, Jordan was the Managing Director of Macro Strategy at Barclays and then Managing Director of Cross Asset Strategy at RBC Capital Markets. He is the first person to have ever been president of both the CMT Association (then called the MTA), and the Canadian Society of Technical Analysts (CSTA). In this podcast episode we talk about some of the great lessons Jordan learned over the years and what sorts of markets and charts investors should be paying attention to in the current environment. This was a really fun conversation and was great to catch up!
Ichigo Ichie
If you know me by now, you know how much I enjoy all things Japanese. For me, it’s the best cuisine on earth. The architecture in Japan is spectacular. I can’t take the smile off my face whenever I’m there. If you can believe this, I even passed the Japanese Sake Advisor Exam earlier this year.
There’s a blog post I’ve been working on for a while I titled, “Investing Like a Sumo Wrestler”. But that’s a conversation for another day.
This week I was watching the new documentary, “The Delicacy”, about sea urchins and the divers who harvest them. Uni, which is what the Japanese call the edible part inside the sea urchins, is one of my favorite snacks in the world. You can get good ones from Hokkaido, Santa Barbara and off the coast of South America.
The documentary was awesome, even if you don’t like to eat Uni, like my wife. She also loves visiting Japan, but she’ll tell you she prefers Italy or Greece. I’m torn.
Anyway, watching this while having a glass of Junmai Daigingo sake, they brought up the concept of Ichigo Ichie. This is a philosophy that I learned about while visiting Kyoto a few years ago and unfortunately never had a chance to write about it.
Ichigo Ichie is a cultural concept of treasuring unrepeatable moments. It’s most often used to remind people to cherish any gathering as a once-in-a-lifetime experience. Even if that moment is with the same group of people in the same place, each time will be different than the last. So if we let it slip away without enjoying it, the moment will be lost forever. [Read more…]
Retail Stocks & Unemployment Rate Both Break Out!
The headline you’ll hear is that unemployment rates are soaring to unprecedented levels. What I always like to point out is that stocks crashed months ago, collectively factoring in just that. Stocks are a discounting mechanism. It’s more obvious today than ever, and I think this is a nice reminder. [Read more…]
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