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Victor Adair

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Victor Adair, author of The Trading Desk Notes, began trading penny mining shares while attending the University of Victoria in 1970. He worked in the mining business in Canada and the Western United States for the next several years and also founded a precious metals trading company in 1974. He became a commodity broker in 1977 and a stock broker in 1978. Between 1977 and his retirement from the brokerage business in 2020 Victor held a number of trading, analytical and senior management roles in Canada and the USA. Victor started writing market analysis in the late 1970’s and became a widely followed currency analyst in 1983. He started doing frequent media interviews in the early 1980’s and started speaking at financial conferences in the 1990’s. He actively trades his own accounts from The Trading Desk on Vancouver Island. His personal website is www.VictorAdair.ca.

Victor Adair Blog - The most important stock in the world NVDA market cap soared >$300 Billion on Thursday (day session and aftermarket) to >$2 Trillion. This was the largest ever one-day market cap gain by an individual stock. The increase was equivalent to over TWICE the market cap of RBC, the largest stock on the TSE.   The rally […]

Victor Adair Blog - Leading US stock indices lose upside momentum The DJIA, S&P and the NAZ made new All-Time Highs this week but closed lower on the weekly charts. NDVA continued to rally this week, up 53% YTD, up 224% in the last 12 months, and now has the 3rd largest market cap (after MSFT and AAPL) of all US […]

Victor Adair Blog - Stock indices continue to rally The DJIA is up ~6,500 points (~20%) from the October lows, closing higher for 14 of the last 15 weeks (a multi-decade record.) The Nasdaq 100 is up ~68% in 14 months since the January 2023 lows. NVDA has rallied ~$250 (52%) in six weeks from its January 2024 lows and is up […]

Victor Adair Blog - US stock indices are higher again this week, with the DJIA up ~6,000 points (18%) from its October lows The S&P, Nasdaq 100, DJIA, and the VTI ETF have all closed higher for 12 of the last 13 weeks. The rally continues to be led by big-cap tech, with MSFT and AAPL both reaching a $3+ […]

Victor Adair Blog - NDVA, MFST and META surge to new all-time highs; various other stocks also rise NVDA is up ~20% since the end of 2023 with a current market cap of ~$1.5 Trillion, or roughly half that of AAPL and MSFT.   The powerful rally in Big Cap Tech took the Nasdaq 100 and the S&P to new all-time […]

Victor Adair Blog - The cash S&P 500 index closed green for 10 of the last 11 weeks, registering an All-Time High weekly close Stock market sentiment and positioning are very bullish. Capital has flowed to “quality” stocks and away from unprofitable or “meme” stocks YTD. MSFT closed this week at an All-Time High with a market cap of ~$2.89 Trillion […]

Victor Adair Blog - After closing higher for nine consecutive weeks and making new All-Time Highs, Nasdaq 100 futures took a “refreshing” pause to start the New Year The NAZ rallied ~60% in 2023, its best performance since the fabulous 1999 Dot.com days. (Veteran campaigners may remember that the NAZ rose an additional 30% by March 2000 but then […]
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