China stimulus vs Fed tightening

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In my May 9th interview with Jim Goddard from HoweStreet.com, I talk about recent developments in the Canadian housing market including short-selling at mortgage lenders such as Equitable Group (EQB). The stock is one of the top 10 most shorted stocks. EQB released earnings Thursday night, and while Q1 adjusted EPS was $2.72, two cents short of analysts expectations, the company boosted its dividend by 3%. In the second segment, we get into Grayscale's recent promotion that encourages people to drop gold in favour of bitcoin, suggesting that the debate can be a win-win outcome for both camps.

Will Bitcoin trump gold; will China stimulus trump US Fed tightening?

In terms of the outlook for stocks, I point out that the INK Canadian Insider Index has beat the S&P 500 so far this week and suggest this could be an early indication that Chinese growth may have bottomed on the back of PBoC stimulus. In contrast, the Fed was tightening until recently.  I close things off talking about the importance to the US market of leading mega-cap stocks. I discussed this in a blog post Thursday

 

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