iPath Bloomberg Commodity (DJP*US)

In our last piece, we shared our bullish view on the stock market and highlighted the iShares Russell Microcap (IWC*US) chart. Since that time the index has shaken out investors and bullishly powered back above its 50 day moving average. The microcap index finds itself again trading near all time highs. What’s impressive about this move is it's happened with the pessimistic investor sentiment rolling across Wall Street and Twitter like a smoldering tumbleweed in a post-apocalyptic Mad Max movie.

We are pleased to celebrate the re-launch of Canadian Insider by sharing some thoughts on the market. 

We begin with a particularly noteworthy chart. The iShares Russell Microcap Index Fund (IWC*US) is a chart I have been following closely. It may surprise people that this fund which holds small cap companies in diverse sectors, has been outperforming the US and Canadian market for about a year and has in the past few sessions, broken out to a multi-year high - importantly, with very little attention from the financial media.