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November 21, 2025 | Evaluating Intel’s Resurgence in a Complex Semiconductor Market
Intel is starting to look much stronger in the semiconductor industry, and several big trends are working in its favor. We are watching Intel closely as a potential addition to our Trend Disruptors service—but as we mentioned yesterday, we’re also being patient. Nvidia reported very strong earnings last night, and while the stock initially jumped this morning, both […]
November 21, 2025 | Nvidia Earnings: Strong Results, Stronger Expectations
Nvidia once again reminded investors why it sits at the center of today’s market narrative. Late Wednesday, the chipmaker reported fiscal third‑quarter results that exceeded Wall Street’s expectations and offered a revenue outlook for the January quarter that was even more impressive. Source: FactSet For the October quarter, Nvidia posted adjusted earnings per share […]
November 21, 2025 | Becoming Invisible, Part 18: Your Family Needs a “Safe Word”
Has anyone else been watching the 3I/Atlas story about the interstellar object passing through our solar system, igniting debate over whether it’s alien tech or just an ordinary rock? Some well-known scientists have appeared on YouTube, asserting that it’s clearly artificial. Except that it’s those scientists who are artificial. Most are AI-generated impostors saying things the real […]
November 21, 2025 | 1 in 8 American Students Unable to Understand Basic Math
UC San Diego released a troubling study that found that 1 in 8 college applicants has middle school-level math proficiency. UCSD has been forced to introduce remedial math courses for college students that cover math gaps from elementary through high school. The common denominator has been COVID as scores have rapidly fallen thirtyfold since 2020. […]
November 20, 2025 | Gambling Culture Doubles Down on Hardship
Levered financial bets take people down faster than emails with Epstein. And yet, there are nearly no limits on what our current system allows. Rogues and thieves being able to buy government policies in favour of predators and rampant gambling is a big part of the problem. Everyone is at greater risk when there are […]
November 20, 2025 | Which States Are Embracing Gold?
Washington State just made gold and silver bullion subject to sales tax. Here’s a video with all the sordid details: This kind of law presents local stackers with the question of how they’re supposed to buy or sell gold when taxes take such a big bite out of the proceeds. The most obvious answer: Travel […]
November 20, 2025 | Governments to Begin Collecting DNA at BIRTH
El Salvador passed a law that requires newborns to submit their DNA to a government-wide database. President Nayib Bukele claims genetic verification is necessary to ensure the paternity of the child. “This is not a law against women, but against lies: there will be no more fathers raising children who are not their own,” […]
November 20, 2025 | S&P 500 Hits Channel Resistance: Is a 10% Pullback Ahead?
The S&P 500 continues to trade within a well-defined long-term rising channel, and once again the top of that channel has proven to be formidable resistance. Each time the index has reached this upper boundary, buyers have faded and a correction has followed—exactly what we’re seeing now. Likewise, the lower boundary of the channel has […]
November 19, 2025 | How Private Equity Has Ramped Up The Risk in Retirement Accounts
I recently wrote Private Credit Winter about the daisy chain of creative accounting and subterfuge in the private credit and private equity (PE) space, and how the tentacles spread through highly leveraged public markets and retirement accounts. The segments below elaborate further. This is what happens when we let salespeople set risk management rules. Apollo Global Management […]
November 19, 2025 | US Collecting Biometric Data for Canadian Visitors
Governments use national security as the premise for increased surveillance. Due to a law passed in April, Canadians visiting the US must submit biometric data in order to enter the US if they wish to stay longer than 29 days. Beginning next month, everyone will be forced to submit their data to the government. […]
November 19, 2025 | Market Pulse: Semis & Bitcoin Hit Key Turning Points
Semiconductors Nvidia is about to report earnings, so it’s a good moment to look at the overall semiconductor sector. The chart we’re referring to shows the VanEck Semiconductor ETF (SMH) along with its long-term trend line (the 200-week moving average). Here’s the key idea: When the price of SMH gets far above this long-term trend […]
November 18, 2025 | Inflation’s Hidden Impact: What Investors Need to Know Now
During the COVID-19 pandemic, inflation surged due to multiple factors. Governments worldwide shut down supply chains, drastically limiting the supply of goods. With fewer goods available and more buyers, prices rose. At the same time, massive government stimulus inflows, with the US alone distributing about $5 trillion, fueled demand further, accelerating inflation. Central banks also […]
November 18, 2025 | SNAP Overhaul – $9 Billion Monthly Program
One in ten Americans receives food stamp benefits through SNAP. Agriculture Secretary Brooke Rollins believes there needs to be an overhaul of the program to ensure only those in desperate need receive these benefits. The first step will be requiring recipients to reapply for benefits to ensure that those “taking a taxpayer-funded benefit through SNAP […]
November 18, 2025 | TM: Freight Data Screaming Recession
Boots (tires) on the ground… The freight industry has long been thought of the circulatory system of the economy. It’s how the things bought & sold through commerce get from point A to point B in the real world. Historically, when trucking freight loads diminish, it’s usually correlated with a weakening economy. And if it […]
November 17, 2025 | Can The World Afford To Retire?
Four decades of policies that boosted spending and steadily reduced tax rates by papering over deficits with asset bubbles are moving toward inevitable restructuring. Investment horizons and risk tolerance steadily shrink with age. But thanks to another spate of irrational exuberance, Boomers, now aged 61 to 79, face capital risk that has rarely been higher, […]
November 17, 2025 | Why New York City Needs a Public Bank
from ScheerPost We will build a city-owned bank — not to serve shareholders, but to serve you. A bank that invests in housing, in transit, in climate resilience. A bank that puts our money to work for our people.” — Zohran Mamdani, Victory Speech, Nov. 4, 2025 New York City has elected a mayor […]
November 17, 2025 | Incoming: Millions of Water Refugees from Iran
Tehran is at risk of becoming uninhabitable due to a severe drought that has led to a severe water shortage. The drought has been the catalyst to expose decades of government mismanagement that caused Iran’s water supply to run dry. Now, the government is prepared to issue a city-wide evacuation notice in Tehran if the […]
November 16, 2025 | New Book on Martin A. Armstrong – the Armstrong Economic Code
What if the economy wasn’t chaotic at all-but followed a hidden code? The Armstrong Economic Code reveals the powerful cyclical patterns discovered by legendary forecaster Martin A. Armstrong, whose Economic Confidence Model (ECM) has predicted every major boom, bust, and geopolitical shift for more than four decades. Compiled and expanded by Kerry Lutz, host of the […]
November 16, 2025 | ‘Affordability’ Will Be Trump’s Waterloo
The ‘affordability’ issue percolated to the top of the news last week, but in a peculiar way. On the right, the debate was not about whether things in general are becoming less affordable for most Americans, as they unmistakably are, but whether the left has blown the issue far out of proportion to create a […]
November 16, 2025 | Running Hot
In the last few years, we who remember the 1970’s inflation got to watch new generations learn how it feels. They haven’t enjoyed it, to say the least. I’d like to reassure them the worst is behind us. Unfortunately, I’m not sure it is. The inflation of my youth wasn’t just a few years in […]
November 15, 2025 | Trading Desk Notes for November 15, 2025
Too much leverage? A couple of weeks ago, I wrote that “too much leverage in the market’s Achilles heel.” Google AI defines Achilles heel as: “a metaphor for a fatal weakness or vulnerability in an otherwise strong person or thing.” I’ve traded futures and options for nearly fifty years. It’s a venue that offers exceptional opportunities for […]
November 15, 2025 | AI & The Great Displacement?
QUESTION: Mr. Armstrong, there are a lot of people who seem to take your track record and pretend that they have made calls on all sorts of things but lack the data or the computer to back up their claims. They then run some infomercial and go on an on before they tell you what […]
November 15, 2025 | Tech Talk for Saturday November 15th 2025
The Bottom Line This year, North American equity markets are not following their traditional pattern of seasonal strength from late October to the first week in January. The S&P 500 Index and the TSX Composite Index have remained in a relative tight trading range since the beginning of October. The equal weighted S&P 500 ETF […]
November 14, 2025 | Epstein Helped Democrats Create Russiagate
The Epstein files remake headlines whenever the government would like to distract the masses. The Democrats recently released new data from the Epstein case in which they prove that the Russian collusion claim was not only a hoax, but coordinated by Clinton officials who reached out to Jeffrey Epstein for blackmail assistance. “Do […]
November 14, 2025 | Quantum Computing: The “Next AI” For Investors?
Quantum computing is back in the spotlight this week, with earnings from pure‑play companies and new breakthroughs from IBM. But can it truly capture the same investment excitement as artificial intelligence, or will volatility and technical hurdles slow its rise? Artificial intelligence has dominated markets in recent years, moving rapidly from research labs into everyday […]