April 29, 2024 | Sagging Used-Car Prices, Spiking Maintenance & Repair Costs, and a Post-Bankruptcy Propaganda Coup Turn Toxic for Hertz

Rental car operator Hertz Global Holdings has had a nasty time in the stock market since it emerged from bankruptcy (filed Chapter 11 in May 2020, emerged on June 30, 2021). The new stock closed on the first day of trading at $26.99, then wobbled lower until the meme-stock crowd briefly fancied it again, and […]

April 27, 2024 | Trading Desk Notes For April 27, 2024

Is buying the Yen in anticipation of another “Plaza Accord” the Trade of the Year or just another attempt to catch a falling piano? The BoJ did nothing at their scheduled meeting this week, and the Yen collapsed to a new 34-year low against the USD and hit an All-Time low against the Euro (which has only been around for 26 years.) […]

April 27, 2024 | This Week in Money

• Bob Hoye:  Stock Markets, Gold, Oil, USD, Canadian Dollar, Interest Rates, China, Japan, Listener Questions
• Eric Hadik: (27:55)  Market Cycles, Gold, Silver, Interest Rates, Solar
• Tony Mitchell: (1:00:40) Director of Marketing at RecycLiCo™ Battery Materials Inc. on Company Showcase – RecycLiCo’s Patent Portfolio Expands. Enabling a world of infinitely recyclable battery materials. Read the Latest News. Read Markets Insider Article – “Why Toyota May Have the Best Strategy in the EV Race“. View RecycLico’s Company Presentation. Watch Roundtable Video with Sandy Munro, Jason Fenske and Norm Chow: “RecycLiCo Battery Recycling Q&A with Engineering Explained & Kemetco Research“. Watch – We upcycle cathode scraps and black mass into higher-value battery materials! Video  – The demonstration plant for the RecycLiCo™ Patented Process is now operational in Vancouver, British Columbia, Canada. Questions?  Email or Phone: 778.574.4444

April 27, 2024 | Fed’s Wait-and-See on Rate Cuts Further Supported by Extra-Hot “Core Services” PCE Inflation & Hot “Core” PCE Inflation

The core PCE price index, which excludes the volatile components of food and energy and is the inflation index the Fed is focused on, jumped by 3.9% annualized in March from February, nearly double the Fed’s target of 2%, according to the Bureau of Economic Analysis today (blue in the chart). The three-month annualized core […]

April 26, 2024 | Tesla Reports Poor Results and The Share Price Spikes Higher

Tesla, Inc. had a closely watched first quarter report, outlining poor results this week. But the markets’ initial reaction was positive, even if the financial results were underwhelming. Why would the market push the stock 10 percent higher after disappointing results? Tesla reported a 9 percent decline in revenue after a previously reported decline in […]

April 26, 2024 | What’s Behind: “Sell in May and Go Away”

There is considerable history behind the gem of stock market lore to “Sell in May”. The real explanation is readily provided by the record of Great Bubbles as they occurred in the London financial markets. There were five to the 1929 example. Four climaxed in May. And one, the infamous 1720 South Sea Bubble climaxed […]

April 25, 2024 | Democrats Praying for a Trump Assassination?

    COMMENT: I have been a Democrat all my life, and I am 72. I suppose I was a Democrat because my father was. Like you, after watching what they have been doing to Trump and the flood of illegal aliens that have resulted in my own neighborhood becoming no longer safe, I will […]

April 25, 2024 | RecycLiCo’s Patent Portfolio Expands

Enabling a world of infinitely recyclable battery materials. Read the Latest News. Read Markets Insider Article – “Why Toyota May Have the Best Strategy in the EV Race“. View RecycLico’s Company Presentation. Watch Roundtable Video with Sandy Munro, Jason Fenske and Norm Chow: “RecycLiCo Battery Recycling Q&A with Engineering Explained & Kemetco Research“. Watch – We upcycle cathode […]

April 25, 2024 | Big Reversal Patterns Following Profit Reports

Market entering a corrective phase. Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.

April 25, 2024 | Gold, Copper, Crude Oil, Uranium, Marijuana, AI

Inflation, Deflation, Unemployment

April 25, 2024 | Gold, Interest Rates, Actual US Economy vs. Government Claims

Housing, Commercial Real Estate

April 24, 2024 | Rates Weighing on Too-High Home Prices

First quarter new condo sales in the Toronto region dropped to their lowest level since the 2009 financial crisis, with investors balking at lofty purchase prices and higher borrowing costs. See New condo sales in the Greater Toronto Area hit 15-year low: “It is dead. I would never use words like this, but I am because […]

April 23, 2024 | Mortgage Pain Has Not Peaked Yet

Despite spring market optimism, US Home sales in March posted their most significant decline in more than a year (-4.3% month-over-month–largest monthly decline since November 2022) as 30-year fixed mortgage rates moved back above 7% from just over 6% in early February. See Housing Market Slumps as Mortgage Rates Top 7%. Also, see, This could be the year […]

April 22, 2024 | Is The AI Bubble Bursting? Wolf Richter’s WTF Charts

Artificial intelligence, which a few years ago existed only in science fiction (check out William Gibson’s Neuromancer), has morphed into an epic stock bubble. Nvidia, maker of the leading AI microchips, saw its market cap surge from $200 billion in 2019 to $2 trillion in 2023. I haven’t actually checked, but that might be the fastest […]

April 21, 2024 | Prepare to Sell in May and Go Away

The portfolio managers who rig the markets appear to be losing their touch. Usually, they are able to short-squeeze stocks in the ‘lunatic sector’ — our label for the egregiously mis-named ‘Magnificent Seven’ — when earnings are announced after the close.  This quasi-criminal manipulation can add hundreds of billions of dollars to the world’s ‘wealth […]

April 20, 2024 | Trading Desk Notes For April 20, 2024

Nasdaq had a lousy week and closed on its lows Benchmark global stock indices had their best-ever monthly close in March, but they all turned lower in April, with some of the former high-fliers getting hit the hardest.   Nasdaq closed Friday at a 2-month low, down ~8.5% from March highs. MSFT had its lowest close […]

April 20, 2024 | This Week in Money

• Ross Clark:  Stock Markets, Magnificent Seven, Gold, Oil, USD, Canadian Dollar.  Special Offer!
• Danielle Park: (11:23) Canada Federal Budget, China, Real Estate Crisis
• Victor Adair: (53:52) Middle East Conflict, Gold, Oil, USD

April 19, 2024 | The Canadian Government Makes Impressive Attempt to Solve Housing Unaffordability

The budget this week contains an impressive number of substantial measures designed to improve housing unaffordability. Will these measures make housing affordable again? Housing in Canada has been more expensive than the average family can “afford” for a long time. The old benchmark from the 1990s was a home should be no more than three […]

April 19, 2024 | Would a Falling Stock Market Take Gold With It?

Will the Fed actually cut interest rates this year?

April 18, 2024 | To Those Mocking Safe Havens

A word to individuals who mock those looking for safe havens. We do not realize how lucky we are to live in America, Canada, or elsewhere during this current time period. Those who write in desperately seeking a safe haven are NOT simply greedy people looking to evade taxation. People are looking to evade government […]

April 18, 2024 | Will Silver Outpace Gold’s Rising Value?

Has the Fed Given Up on Rate Cuts This Year?

April 18, 2024 | Federal Budget Does Nothing to Improve Productivity

Stock market teetering on the edge of a major correction

April 18, 2024 | Why Doesn’t Canada Pension Plan Invest in Canada?

Canadian Insider Index out performing US investments

April 18, 2024 | Stock Markets Appear To Be in Correction Territory

The BRICS working on anti-US dollar strategy. Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.