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5i Research was founded by Peter Hodson; one of the "Warren Buffetts of Canada" according to the Globe and Mail.

The Canadian Insider blog discusses news and insight found among executive and significant shareholder filings in Canada.

Follow Nicholas Winton who runs gohht.com for market insight and great stock ideas.

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US transports insider sentiment is sinking again

In our March 27th INK subscriber US market update, we noted the divergence in insider sentiment between the Oil & Gas Exploration and Production (E&P) industry and the Industrials sector. The former was behaving in a bullish fashion and remained at a healthy level with our indicator above 100%. That means there are more stocks in the group with key insider buying that selling. In contrast, sentiment in the Industrials was depressed, with our sector indicator in the danger zone below 20%. Industrials insiders were taking money off the table while E&P insiders were adding to their positions.

US transportation stock insider sentiment is at a depressed level

The Industrials sector is home of transportation stocks, a group followed by many market participants. Drilling down to this industry level, we see that insiders in transportation stocks are in profit-taking mode. In fact, our Transportation Indicator is back to the depressed levels we saw early last fall, right around the time the iShares Dow Jones Transportation ETF (IYT) peaked.

Trump nominee Moore has a point: Focus on commodity prices

(Updated with chart) - Trump perma-critics should take a step back from their criticism of his nominee Stephen Moore. The latest attacks against Moore evolve around an opinion piece in the Wall Street Journal suggesting that the Fed focus on targeting stable commodity prices. If one believes that the Fed should be targeting consumer price inflation, a concept that is debatable on its own, focusing on commodity price inflation makes more sense than promoting asset inflation which is what the Fed, the Bank of Canada and other central banks have been doing for the past decade. 

Stephen Moore: Fed should seek stable commodity prices (picture Gage Skidmore)

 

Moreover, where have the Moore critics been as central banking made a mess of asset markets while implementing policies that undermined their cherished goal of reaching 2% consumer price inflation?

Insights: Another Fed egg face

This week's edition of Canadian Insider Insights is now available: Another Fed egg face.

Jerome Powell

Markets haven't reacted well to the Fed's 180 degree turn on the economy and we take a look at what we are watching now to assess the risks. The weekly archive is here and registration is not required.

INK Canadian Insider Index settles for 4.6 point gain after retreat from 1150.89

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. After rallying more than 20 points or 1.9% and reaching as high as 1150.89 intraday on Thursday, The Index gave back a good portion of those gains as the week ended. The INK Canadian Insider Index held onto 4.6 points and a close of 1133.53.

On credit spreads: Narrow, widen, repeat, and die?

While it may be one thing for the S&P 500 to fall 1.9% in one day as it did on Friday, it is quite another when it happens as bonds soar, the Treasury curve inverts, and credit spreads widen. That combination was in full effect Friday and has put global investors on edge. So, does this signal the death of the 2019 stock market rally? In his Friday evening March 22nd broadcast, Bob Hoye from chartsandmarkets.com is watching for the next move in credit spreads for clues.

While stocks tumbled Friday, the 3 to 7-year Treasury ETF soared as the yield curve inverted

As is usual, the market historian looks at where we have been in order to narrow down the possibilities of what might happen next.

Shorts lick their wounds in two healthcare stocks

Short sellers reduced their positions in two healthcare stocks which have shown up positively on INK screens over the past month. On February 22nd, we wrote that shorts had boosted their bets against Khiron Life Sciences (Mostly Sunny; KHRN) right before the stock soared to new all-time highs. According to the latest IIROC short report released March 21st, those bets have fallen dramatically.

Short positions have dropped by almost 1.5 million shares over the past month

Top 10 Shorts: Bets rise against Paramount Resources

Shorts have Paramount Resources in their crosshairs based on Thursday's IIROC short report. The stock has seen its short position jump by 987,869 shares and now totals 7,352,444 shares representing 10.3% of the stock's float. The short data is as of March 15th as reported by market participants to IIROC.

Lousy productivity keeps inflation risk alive

With the Fed expected to leave interest rates unchanged at its meeting today, short of a surprise hawkish approach towards inflation, we suspect factors other than changes in monetary policy will be driving gold stocks for the foreseeable future. With that in mind, we thought our comments contained in the March Top 20 Gold Stock report remain timely for investors.

Insights: Glass half full or half empty?

When it comes to the potential for stock market gains for the rest of the year, is the glass half full or half empty? We tackle the issue in this week's Canadian Insider Insights newsletter. We suggest that the optimists may have one important factor going their way.

To get our take on what that might be, click here to read the latest edition of our weekly newsletter for free. It is even better than free because no registration is required.

INK Canadian Insider Index retreats to 1128.96

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index pulled back 6.5 points or 0.5% before closing at 1128.96.

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