2021 – Month by Month

SYNOPSIS

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Nowadays, I’m finding that just about every major business news outlet is excreting a whole lot of material that certainly smells like bullshit. You don’t have to go to blogs for that anymore. Fake news has gone mainstream. So be selective and judgemental with all business news sources.

Last week… These numbers below became much more negative than those in our previous report.

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PTP… Our PTP APAR dropped about 70 points last week. The S&P/TSX Composite Index APAR and the S&P APAR had just marginal declines.

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PTA Perspective… 2021 – Month by Month

At the end of each quarter there are numerous reviews of what transpired over the three month period. As you know we also offer our own quarterly coverage. But as each month comes to an end, little is said about that shorter window. We thought that we’d experiment with sharing some of the monthly changes as each month comes to an end. This may not become a regular feature; but until we try it, we won’t know how useful it might be.

The Buffett Indicator

SYNOPSIS

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Sometimes you should listen to your cynical friends! What’s still amazing is that everyone should know better, when it comes to getting rich quick, yet there are still thousands of these scams out there. You’ll even find them interlaced with regular news items at your favourite online news source (e.g. Yahoo! Finance, Bloomberg, Reuters, etc). When it comes to advertising dollars, your most trusted news outlet will not turn down money from scam artists.

Last week… it was a negative week for our benchmark indexes, but not in a big way. Just another pause in the relentless trek upwards.

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PTP… Our PTP APAR rose by over 150 points last week. The S&P/TSX Composite Index APAR and the S&P APAR each fell a little over 10.

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PTA Perspective… The Buffett Indicator

Whether you’re familiar with it or not, Warren Buffett has a blanket measure for how overvalued the stock markets are. Whether you know of it or not, you may not know where it stands here in February, 2021. This week in TrendWatch Weekly we’ll bring you the latest reading, and show you how this index has performed over time going back to the ’50s. Spoiler alert: stocks are now grossly overvalued by Buffett’s metric!

Cryptocurrencies or CryptoStocks?

SYNOPSIS

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Many of you may find this cartoon confusing, because in stages it leads you to two Neanderthal investment managers about to buy more “Tesla stonks”. Stonks is clearly an intentional misspelling of the word “stocks”. The term first appeared in June, 2017 on a Facebook page called Special Meme Fresh. So, it’s both a word and a meme implying poor judgement in selecting stocks… as per the final panel of the cartoon above. It’s not synonymous with stocks. “Stonks” is used to describe cartoonish investing in stocks… not something that a skilled investor would do.

Last week… The week-over-week price move dropped from about +5% in our last report to a little less than +2% this past week. Still, the move is in the direction we want.

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PTP… Our PTP APAR rose by about 20 points last week, and the S&P/TSX Composite Index APAR and the S&P APAR each rose about 10.

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PTA Perspective… Cryptocurrencies or CryptoStocks?

We promise not to overdo it, but Bitcoin and the whole cryptocurrency family are still on the rise. And you can buy shares of companies that “mine” Bitcoin and some of the other major cryptocurrencies. The trends of those stock prices and Bitcoin itself are highly correlated so the trend values are similar. In other words you could buy Bitcoin mining stocks as a proxy for Bitcoin itself, and bypass the need to open a cryptocurrency account with a coin exchange. More in this week’s edition of TrendWatch Weekly.

The 9 Keys to the Cannabis Market – 2021

SYNOPSIS

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The fear of missing out (FOMO) takes many forms, so I suppose the one in the cartoon is as good as any. The colonoscopy prep chaser will ensure that you don’t miss a thing when the shit starts flying!

Last week… We had a sharp reversal week-over-week… from negative to around 5% up for both of our benchmark indexes.

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PTP… Our PTP APAR rose by about 100 points last week, and the S&P/TSX Composite Index APAR and the S&P APAR each rose about 40.

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PTA Perspective… The 9 Keys to the Cannabis Market – 2021
We found a superb infographic to provide background information on why cannabis stocks are on the rise again. We expect you to continue using our trend data for publicly-traded marijuana companies, but the infographic provides a lot of valuable information on why pot stocks are rising again now, and will likely continue to keep rising at least through the rest of this year and possibly beyond.