by Brooke Thackray, Horizons ETFs (AlphaMountain Investments)
Brooke Thackray's October 2023 Update
Highlights
- Supply/Demand Mismatch in Chinese Residential Real Estate: There is a significant supply/demand mismatch in the Chinese residential real estate market, where real estate has been seen as a form of savings. However, this extreme reliance on real estate as a savings vehicle has created a problem.
- Seasonal Opportunities in Canadian Banks and Materials Sector: Thackray mentions the potential for Canadian banks to outperform in late October and November when they release their Q4 earnings. It also notes that the materials sector has a strong seasonal period from October to January and from January to May.
- Impact of Crime Wave on Retailers: Thackray discusses the growing crime wave in certain major US cities, which is having a material impact on the bottom line of major retailers. The report highlights that theft has become a significant problem, leading to store closures and a dangerous environment for employees.
- Macron's Request to Oil Companies: Thackray discusses French President Macron's request for oil companies to sell fuel at cost, which the report finds unlikely due to the companies' fiduciary responsibility to their shareholders.
- October as a Bear Killer: Thackray discusses the concept of October being a "bear killer" month in the stock market, citing historical trends and recent market performance.
- Federal Reserve's Impact on Stock Market Seasonality: Thackray notes that the Federal Reserve's monetary policy has historically influenced stock market seasonality but highlights that the Fed is now trying to slow the economy to control inflation, potentially changing the market dynamics.
Copyright © Brooke Thackray
