The Crude Oil Surge in Perspective

SYNOPSIS
On a one-week basis, S&P/TSX Venture Index stocks finally joined the party with a 2.9% gain. The S&P/TSX Small Cap Index rose 1.6%, putting it at the top of the trend rankings for the indexes that we track. All other indexes were positive on a one week basis, and by their trend values.

ProfiTrend Portfolio… Our PTP annualized growth rate is now up to 237%, well ahead of the comparable stats for the S&P 500 (32%) and the S&P/TSX Composite Index (25%).

State Street Investor Confidence Index… The latest results from this key measure of “smart money” confidence have just been released this morning for the month of June. Institutional investors continue to pour billions into equities as they pull money out of “riskless” bonds. The current global index is at 119.5. 100 is considered the neutral point in the balance between risky (stocks) and riskless (bonds) asset holdings.
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Seasonality… We summarize the calendar effects for July, including the holiday trade wrapped around the American 4th of July holiday.

Topic of the Week… The Crude Oil Surge in Perspective

This week we examine the “petro-dollar” phenomenon, and have a closer look at the returns from investing in oil using individual stocks or ETFs based on oil stocks or the raw commodity. Energy stocks have been on a tear recently, and there doesn’t appear to be anything that might prevent this form continuing.