Comments of the Day
19 January 2021
Video commentary for January 18th 2020
A link to today’s video commentary is posted in the Subscriber’s Area.
Some of the topics discussed include: discussion of secular bull and bear markets and where different markets lie in that continuum.
Email of the day – on the early stages of a secular bull market.
Until the beginning of last year you often spoke on the theme of the early stages of a secular bull market. David had begun speaking about it as long as 4 years ago. But with the onset of the pandemic, you have been largely silent about it. Has it stalled or, in your view, already peaked?
Thank you for this important question. In October 2008, I remember sitting at my desk and looking at the calculation that the S&P500 was sitting on the widest overextension relative to the 200-day ever. Acceleration is always a trend ending and the crash signalled the beginning of the bottoming process. By the time Wall Street reached its nadir in March 2009 many instruments were well off their lows and by the end of the year the leaders were making new highs.
Gold, commodities, ASEAN and technology took off. Of these, technology is the only one which had uninterrupted staying power all the way through the bull market to date.
I started writing Crowd Money in 2011. At the time a host of big international companies, with global franchises, that dominate their niches were breaking out of long-term ranges. It was a clear signal that a new secular bull market was underway. By the time the book was published in 2013, it was still a minority view that a new bull market was underway.
Tata Motors ties up with private lenders for commercial vehicles financing
This article from Bloomberg may be of interest to subscribers. Here is a section:
Homegrown auto major Tata Motors on Monday said it has entered into partnerships with leading private banks, including HDFC Bank, ICICI Bank and Yes Bank, to fund its commercial
The tie-ups aim to enhance value offerings for customers of both new as well as pre-owned vehicles throughout the customer lifecycle, Tata Motors said in a statement. The offerings arising out of these tie-ups will include ancillary financial provisions such as fuel financing, working capital financing, aggregate financing and service cost financing. It will enable customers to avail attractive
financial schemes from all the partner financiers with minimal formalities, it added.
India’s positive demographics and massive pharmaceuticals manufacturing capacity puts in a very positive position to come out of the pandemic in a strong position. The USA published its geopolitical template for East Asia last week. India is a big part of that. The Western world wants to build up India to counterbalance China’s dominance of the region. That suggests an easier path to development for India over the coming decade.
Email of the day – on how to use the Chart Library
I hope that you, Sarah and your families are all doing well. I’ve recently returned to the Fullermoney ‘flock’ after a hiatus of a few years and am a bit rusty on the chart library. I’m also aware that I never utilized anything close to its full potential, but I do remember you providing some quite detailed instruction – perhaps in a .pdf document, or in particular Comments of The Day? If there are any primers / or a user guide that you could point me towards that would be fantastic. Just in case you’re not tired of hearing it, the service is fantastic – thank you!!
Welcome back to the Collective and thank you for your kind words. I’d also like to wish a warm welcome to all of the other subscribers who have made their way back to the fold recently. I’ve tried to compile a reasonably complete list of videos for how to use various aspects of the Chart Library.
How to create an Inflation-adjusted price video.
P&F charting video.
How to create a purchasing power parity video.
Here are some written instructions on how to set up Preset templates for your favourite charts.
Here are some written instruction on the Performance Filter.
Here is a video on how to use the Chart Library search function
Eoin’s personal portfolio – stop triggered on hedge position
One of the most commonly asked questions by subscribers is how to find details of my open traders. In an effort to make it easier I will simply repost the latest summary daily until there is a change.
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