Milan Cacic
October 17, 2022
Money Social media Economy Professionals In the news Trending Weekly update Weekly commentaryINTERESTING CHARTS…
No one knows for sure when this bear market will end and there is no shortage of opinions on what the end might look like and when it might come. Below are a few charts which might provide some relevant insights for you. As well, for those of you that are interested, I have attached the latest Technical Research by Sid Moktari. Let’s hope he is correct and that this October is when the bear dies!
1. The S&P 500 broke below its June low last week, extending this bear market (now the longest correction since the March 2009 low):
Source: 10-Chart Thursday (10/6/22), Charlie Bilello, Compound Capital Advisors, October 2022
2. Intriguing dichotomy: Retail trader put buying soared (betting on a Crash?) while corporate insider selling plummeted:
Source: Twitter, Kaeppel, Jay (@jaykaeppel), "Hmmm. Retail trader put buying soared (betting on a Crash?) Meanwhile, corporate insider selling plummeted. Which horse do you like in this race? #sentimentrader", October 5, 2022, 8:05AM, Tweet.
3. Is fear good? Given the losses this year, bears have outnumbered the bulls by over 43%. Since 1987, the only times sentiment was more bearish was in October 1990 and March 2009:
Source: 10-Chart Thursday (10/6/22), Charlie Bilello, Compound Capital Advisors, October 2022
I have also included a piece from our CIBC Economics Team entitled "Can you hedge against inflation, or disinflation?".
As always, if you have any questions please feel free to give us a call.
Have a great weekend.
Milan