Three top stock pics from CastleMoore’s Hap Sneddon – The Globe and Mail – Oct 31 2016
Date31 Oct 2016/
Short-term markets are in a corrective mode, which will play out through a varying combination of price and time. Fundamental hurdles include the U.S. presidential election, China debt and high property valuations, corporate earnings and U.S.-Russian relations in the Levant. All of these issues will have both a short- and long-term impact on markets, though the shape and scope are yet to be determined.
In the mid-term, markets are set up for a potentially strong bullish move. One indicator, positioning, tells us that many investors are underinvested. Sentiment is also quite bearish. And lastly, a positive correlation exists between a Hillary Clinton victory and rising markets.
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