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 for market insight and great stock ideas.

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News from TINA Land

Distortions and Crazy Ideas

We have come across a few articles recently that discuss some of the strategies investors are using or contemplating to use as a result of the market distortions caused by current central bank policies. Readers have no doubt noticed that numerous inter-market correlations seem to have been suspended lately, and that many things are happening that superficially seem to make little sense (e.g. falling junk bond yields while defaults are surging; the yen rising since the BoJ adopted negative rates; stocks rising amid a persistent decline in earnings growth; bonds, gold and stocks moving in unison, etc., etc.).

Sound bites: US banking insider sentiment crumbles ahead of key Yellen speech

There are more warning signs for a US market that spent has spent the summer hitting new all-time highs. Over the past few weeks we have been watching broad insider sentiment sink as stocks have moved higher. Banking insiders were the one group that offered some comfort to the bulls with our Banking Indicator remaining above the 100% mark, meaning there were more stocks in the group with key insider buying than there were with selling. However, in advance of Janet Yellen's Friday speech at the Kansas City Federal Reserve's end-of-summer symposium at Jackson Hole, the banking insider comfort zone is crumbling.

Money Talks interview: Jeff Olin warns don't be seduced by yield

Listen to why Vision Capital's President and CEO Jeff Olin would be looking to short, not buy, many high yielding REITs in the current market. Instead of fixating on yield, Jeff likes to focus on underlying cash flow and what is being paid out. Right now, Jeff has identified opportunity in multiple family housing in both Canada and the US. One of his favourite names is TSX-listed CAP REIT. (CAR.UN). He also likes the industrial REIT space which he says is a "wonderful place to be invested."

INK Canadian Insider Index's stair-step pattern favours the bulls

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index had a quiet summer week, advancing 0.30% and closing at 1123.36.

Sound Bites: US insiders flee as Fed officials feud over rates

According to FactSet, for the second quarter the blended earnings decline for the S&P 500 is -3.5% with 91% of the index companies reporting as of August 12th. That marks the first time the index has recorded five consecutive quarters of year-over-year earnings declines since the third quarter of 2009. Nevertheless, as earnings season winds down, investors are pushing broad US benchmarks to new all-time highs. Investors it seems are buying into the narrative that earnings will only get better from here.

INK Canadian Insider Index continues to follow rising channel

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index continues to undulate higher with occasional bursts and pauses, as it first shot up to make a new intraday high at 1132.73 on August 11th and then dipped to 1120 as the week ended, gaining 4 points since our last update.

Sound Bites: Value stocks in short supply on the TSX

August 10, 2016 - The long anticipated correction, or at least consolidation, in metals stocks appears to have started with the S&P/TSX Composite Gold down 0.5% in the week ended August 5th, and down 4.5% for the previous 30 days as of Friday. We started reporting to subscribers in May that insiders were positioning for a pullback noting that insiders had picked up their selling as we headed into summer which is a traditionally weak period for gold. Indeed, according to, June and August tend to be the roughest months for the gold price before entering into a seasonally strong fall.

Bank of England QE and the Imaginary "Brexit Shock"

Mark Carney, Wrecking Ball

For reasons we cannot even begin to fathom, Mark Carney is considered a "superstar" among central bankers. Presumably this was one of the reasons why the British government helped him to execute a well-timed exit from the Bank of Canada by hiring him to head the Bank of England (well-timed because he disappeared from Canada with its bubble economy seemingly still intact, leaving his successor to take the blame).

Money Talks mid-week report: Big hitters warn of market meltdowns

Recently the central bank of Switzerland bought 3,300,000 shares of Apple and Mario Draghi said they will do ANYTHING to save the economy and financial markets. Skilled investors like Soros, Gross, Icahn & Druckenmiller are saying they don't like the underlying implications of the Banks actions at all, and are positioning their portfolios for a tragic conclusion.

INK Canadian Insider Index consolidates recent gains

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index spiked to a new 2016 intraday high of 1122.28 last Monday and then took a bit of a breather later in the week, closing down a modest 1.4 points at 1116.39.


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