guy looking skyward holding sign proclaiming end times

Markets are dispassionate to our human disasters

Investing for Fun and Profit: While headlines may exalt a unique situation, to markets it's 'same as it ever was'

The first public stock exchange opened in Amsterdam in 1611, trading one company, the Dutch East India Company. Twenty-five years later, coincident with tulip mania, the company had a market cap of 78 million Dutch guilders, which translates to $9.7 trillion current U.S. dollars, putting Microsoft’s and Apple’s near-$3 trillion valuations into perspective. The London […] Read more

If you manage to get timing right once and miss a big part of a bear market, you must again get it right to buy back at the very bottom.

Trying to time the market can ravage a portfolio

Investing for Fun & Profit: A commitment to invest in stocks means acceptance of their inherent volatility

Many things perceived as impossible are indeed possible — but some aren’t. I just finished reading a book about many of humanity’s greatest discoveries. A theme throughout was how these potential inventions were scoffed at, yet through persistence inventors accomplished the impossible. One of the most satisfying aspects of my agricultural career was proving the […] Read more


The stronger the consensus, the more wrong it usually becomes.

‘Everybody’ is usually wrong — and why it must be so

Overwhelming strength of sentiment, when few buyers or sellers remain, can bend a trend

Everybody is familiar with the colloquial term “Everybody is doing X.” By “X” we don’t mean “formerly Twitter” — everybody has been writing “X (formerly Twitter)” so I thought I would do the opposite. In this case you’re welcome to fill in whatever you wish for X. Salespeople often use the phrase to help sell […] Read more

Just two per cent of the total companies in the S&P 500 index now represent 32 per cent of the entire index by market value.

Economic and market outlook for 2024

If the U.S. avoids recession, Canada's will probably be shallow

It’s difficult to make predictions, especially about the future.” One of my favorite prediction quotes comes by way of the legendary baseball player, manager and philosopher, Yogi Berra. This quote, like many of his famous quips, incorporates a meaningful paradox. Following up on my previous column, the TSX ended 2023 with a total return — […] Read more


CME December 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME cattle ease on larger U.S. supply, weaker equities

Lean hog futures continue higher

Chicago | Reuters — Chicago Mercantile Exchange cattle futures eased on Thursday, with losses in equities and bigger-than-expected U.S. livestock supplies dragging down the markets. Traders kept an eye on Wall Street as weakness in stocks and concerns about the economy can limit consumer demand for pricey beef, analysts said. Stocks closed lower amid signs […] Read more

ICE November 2022 canola (candlesticks) with 100-day moving average (green line) and Bollinger bands (20,2). (Barchart)

ICE weekly outlook: Canola futures continue trending lower

MarketsFarm — ICE Futures canola contracts saw some choppy activity during the week ended Wednesday, but the general trend remains pointed lower. “Whenever canola rebounds, it doesn’t go as high,” analyst Errol Anderson of Pro Market Communications in Calgary said. Anderson described the chart pattern as a “falling top,” with previous attempts at recovery in […] Read more


CME June 2020 live cattle, with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Cattle futures sag as virus woes fuel recession fears

Bearish market sentiment also drags on hogs

Chicago | Reuters — U.S. live cattle futures fell on Wednesday, with several deferred months setting contract lows as fears of a global recession sent global equity markets tumbling and fueled uncertainty about consumer demand for beef, traders said. “The cattle market really follows what is going on with equities, and equities are down near […] Read more



CBOT May 2020 soybeans with Bollinger (20,2) bands. (Barchart)

U.S. grains: Soy, corn follow broad market rebound

Investors keep eye on stimulus proposals

Chicago | Reuters — U.S. soybean and corn futures each rose for the first time in four sessions on Tuesday as expectations of policy action to curb economic fallout from the coronavirus outbreak helped financial markets regain ground after a day-earlier drubbing. Wheat futures also closed higher in technical moves after a choppy session, although […] Read more