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March 15, 2025 | Trading Desk Notes for March 15, 2025

Current positioning: I’m long S&P futures as of Friday morning. See My short-term trading section below for more detail. The S&P closed Red for four consecutive weeks The S&P hit all-time highs on July 16, 2024 (the first ellipse), then tumbled ~10% to August 5 lows on the “Yen-carry” scare. The market recovered, traded above the July […]

March 15, 2025 | This Week in Money

  • Ross Clark:  Stock Markets, Gold, Silver.
  • Eric Hadik:  (12:14) Market Cycles, Oil, Gold, USD, Canadian Dollar, War.
  • Martin Straith: (36:14) Volatile Markets, Currencies, Copper, Gold, Decentralized Finance.  Special Offer!
  • Hilliard MacBeth: (1:08:48)Tariffs, Real Estate, Foreign Insiders Taking Over Pricey Real Estate.

March 15, 2025 | Tech Talk for Saturday March 15th 2025

The Bottom Line Focus this week is on the FOMC decision on U.S. interest rates released on Wednesday. Consensus calls for no change in the Fed Fund Rate currently at 4.5%. Extension of the U.S. Debt Ceiling by the Senate on Friday night is expected to help U.S. equity prices on Monday morning. Seasonal influences […]

March 14, 2025 | US Deficit Surpassed $1 Trillion in February

According to the Treasury Department, America’s deficit surpassed the $1 trillion mark this February. The deficit reached $307 billion for the month, marking a 2.5X increase on a monthly basis and 3.7% higher on an annual basis. The deficit for the first five months of FY25 hit $1.15 trillion, a $318 billion increase (+38%) from […]

March 14, 2025 | Civil War in the UK?

I just watched a disturbingly plausible video about the rising odds of a UK civil war. The source is David Betz, a professor of “war in the modern world” at King’s College, London. He recently published an article titled Civil War Comes to the West in Military Strategy Magazine, in which he claimed that multiculturalism and mass immigration […]

March 14, 2025 | Interest Rate Cuts Won’t Be Enough To Save The Canadian Economy

Canadian central bankers cut their official rate by ¼ of a percent on Wednesday this week. But that won’t be enough to boost the economy in the face of higher tariffs and repeated threats from the U.S. President. How bad will the downturn get? Tiff Macklem and his colleagues at the Bank of Canada did […]

March 14, 2025 | Lessons From China (and Japan)

China’s economy is slowing. Amid weak borrowing, slack investment, deflationary pressures and uneven growth, the evidence points to China slipping into a “balance sheet recession”—a phenomenon our guest, Richard Koo, first diagnosed during Japan’s lost decades of the 90s, and then identified in the financial crises of both Europe and the U.S. The former New […]

March 14, 2025 | A Tariff Caused Recession, Will Cause More Tariffs

Will Silver join record high Gold?

March 13, 2025 | WTI Prices Lift As US Consumption Rises 5.1% Last Week.

President Trump freaked out stock markets with his on-off switch of new tariffs and threats against the US’s key trading partners. Canada is getting the brunt of these social media attacks. Trump threatens, then trade negotiators from both sides get to work on the details and persuade Trump to relent and there are reverses in […]

March 13, 2025 | Canada to Take Over for USAID?

  Canada has agreed to fund woke programs abandoned by USAID. As the nation grapples with a barely functioning government and cost of living crisis, the Canadian government is funding what it believes to be a top priority – implementing LGBTQ programs in a Muslim nation. Canada’s Minister of International Development, Ahmed Hussen, announced that […]

March 13, 2025 | Canada Between Rock and Hard Place

As expected, the Bank of Canada (BoC) cut overnight interest rates by 25 basis points yesterday, lowering the banking system’s base rate to 2.75%, the lowest since September 2022. In his prepared statement, BoC Governor Tiff Macklem struck a grave tone, saying, “We’re now facing a new crisis. Depending on the extent and duration of new […]

March 13, 2025 | Market Update: Key Levels, Tech Rebounds & Apple’s Warning Sign

On Wednesday, March 12, 2025, U.S. stock markets closed with mixed results. Tech stocks led the gains, with Tesla climbing 7.59%, Palantir rising 7.17%, and Nvidia advancing 6.42%. In contrast, consumer stocks lagged, as Target fell 4.86%, Procter & Gamble declined 2.74%, and Walmart edged down 2.56%. The S&P 500 and NASDAQ Composite saw a rebound, but until proven otherwise, […]

March 13, 2025 | What If Fort Knox Gold is Missing?

Why you should diversify your cryptos.  Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.

March 13, 2025 | The US Was in Recession Even Before the Tariffs

Has Gold reached its peak yet?

March 12, 2025 | Gold Porn, Part 2: It’s a Real Bull Market

Gold (and now silver) are starting to do things not seen for over a decade. And the resulting charts are just gorgeous. Some recent examples: Foreign central banks are moving out of US Treasuries and into gold: Overindebted countries are cranking the money printing up to panic levels: Gold and silver are responding with identical […]

March 12, 2025 | Brazil Clears Section of the Amazon Ahead of the COP30

  Over 50,000 people are expected to attend the COP30 climate summit this November in Belém, Brazil, where world leaders will concoct new ways to weaponize carbon usage against the people. Brazil’s president touted that it is historical since it is “a COP in the Amazon, not a COP about the Amazon.” Not only will […]

March 11, 2025 | Canada & the 51st State

  QUESTION: Hi Marty, Many in Canada seem to be taking President Donald Trump’s talk about making Canada the 51st US state seriously. We have Canadian leaders claiming it is a serious threat and part of a plan. “President Trump wants to put us into a state where we are much more weakened economically in order […]

March 11, 2025 | Markets in Motion: S&P 500 & Bitcoin in Focus

Following up on yesterday’s update, the S&P 500 closed lower again today, though the decline was far less severe than yesterday’s bloodbath.  Some of the Magnificent 7 stocks actually closed in the green today. The market downturn continues to be driven by escalating trade tensions between the United States and Canada. President Trump initially announced […]

March 11, 2025 | Extremes Go Both Ways- It’s Called Mean Reversion

And, it’s gone…the widely owned Magnificient 7 stocks (Apple, Microsoft, Nvidia, Amazon, Meta, Alphabet A, and Alphabet C), down a collective 20% from recent highs, have given back their Trumphoria election gains (see pink bank below, courtesy of my partner Cory Venable).   The downdraft to date is Apple -15%, Microsoft -19%, Nvidia -27%, Amazon […]

March 11, 2025 | Interview with Maxime Bernier

People’s Party of Canada

March 10, 2025 | Timing

Happy Monday Morning! Just last week we highlighted the growing desperation in the new construction market where pre-sales are struggling, and unsold inventory is piling up across the country. This is particularly true in Canada’s two largest major metros of Toronto and Vancouver. In 2024, Toronto pre-sales hit 30 year lows. A stunningly bad figure […]

March 10, 2025 | Housing Downturns Lead the Worst Recessions

Real estate, the most widely owned and highly leveraged asset class globally, has historically led the deepest economic downturns. Has a housing bubble ever burst without devastating pain across the economy and society? Unfortunately, not. It is far better not to pump real estate bubbles with government incentives and excessive monetary stimulants in the first […]

March 10, 2025 | When Valuations Collide…

“Stock prices have reached what looks like a permanently high plateau.” —Yale economist Irving Fisher 12 days before Black Monday in October 1929 “Wall Street indexes predicted nine out of the last five recessions!” —MIT professor Paul Samuelson in 1966 Last week, we explored the Crestmont Stock Market Matrix and its insight into the drivers of stock […]

March 10, 2025 | DOGE Uncovers Another $3B Wasted on Climate Change

  Sunnova Energy, a solar panel company based in Texas, has filed for bankruptcy. It is not shocking for a solar panel company to go under as the demand is simply not there. Upfront costs could range into tens of thousands and it takes years to see actual savings. The Biden Administration spent more than […]

March 9, 2025 | It’s All About Buying Those Dips

I’ve written here before about how the broad averages have struggled to go lower during what could turn out to be the initial phase of a bear market. Many traders, particularly greenhorns too young to have never experienced a bear market, appear to be buying each step of the way down. They could do so […]

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