ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
March 21, 2026 | Tech Talk for Saturday March 21st 2026
The Bottom Line We live in strange times! On one hand, technical selling in North American equity markets accelerated last week. The S&P 500, NASDAQ Composite Index and Dow Jones Industrial Average broke below their 200 day moving averages on Thursday triggering numerous sell recommendations by technical analysts. On the other hand, consensus for earnings […]
March 20, 2026 | Why Canada’s Housing Market Isn’t Done Correcting
Canada has entered a new demographic and economic phase—one defined not by the rapid population expansion of the post‑pandemic years, but by a sharp and deliberate cooling. Statistics Canada’s latest estimates show the country’s population fell by more than 100,000 people in 2025, the first annual decline since records began in the 1940s. The drop […]
March 20, 2026 | Bonds Prepare to Stop the War
This is feeling more and more like the 1970s. A Middle-East war descends into chaos, causing oil prices to approach triple digits… …and bond yields to spike: The war’s cost and complexity are causing political turmoil: Cracks emerge in GOP over Iran war cost as administration floats more than $200B request to Congress (CNN) – […]
March 20, 2026 | Crude Oil $200 Slingshot?
QUESTION: Marty, many people know about your forecast of Russia, 1987, 2007 high in real estate, Nikkei, the collapse of communism and so many, but I think even you forgot your forecast that oil would collapse to $10 in 1998 and then swing up to $100. I remember even Bloomberg covered that forecast that nobody […]
March 19, 2026 | Wholesale Inflation Soars in the US
Wholesale prices rose 0.7% in February, more than double expectations and the largest monthly increase since mid-2025. On a year-over-year basis, PPI is now running at 3.4%, the highest level in roughly a year. This is not a sign that inflation has been defeated. It is a clear indication that price pressures are building […]
March 19, 2026 | Bank of Canada Admits It Can’t ‘Save’ Bubbles
The Bank of Canada press conference yesterday finally admitted facts about Canada’s housing market: “The housing market is looking weaker, and weaker than we had incorporated into our January outlook. So, that’s something we will be looking at when we prepare the April outlook.” Canadian home prices “need to come down” and “housing feeds into our forecast […]
March 18, 2026 | Crisis in Cuba – Sanctions, Starvation, and Blackouts
What we are witnessing in Cuba right now is the same failed policy recycled once again, dressed up under a different administration, with the same predictable outcome. The power grid collapsed, millions were left in the dark, food supply chains broke down, and the government blamed the United States while Washington pretended this was […]
March 17, 2026 | Civil War: Original MAGA vs the Neocons
For many voters, the best thing about Donald Trump, the presidential candidate, was his entourage. He was surrounded by smart, courageous people who had spent years opposing the Aristocracy on existential issues like regime change wars, vaccine mandates, censorship, and illegal immigration. With them running major departments and dominating cabinet meetings, at least some good […]
March 17, 2026 | Debt Burdens Outweigh Bank of Canada Cuts
With higher oil prices expected to impact inflation, financial markets shifted from anticipating rate cuts to considering the possibility of rate hikes in Canada. In response, longer-term bond yields rose for the first couple of weeks of March, pushing up borrowing costs. About 1.15 million Canadians are expected to renew their mortgages in 2026. Renewing […]
March 17, 2026 | The Canals Behind the War
Many people are looking at the conflicts in Gaza and Iran strictly through the lens of religion, terrorism, or regional politics. But history has shown that wars are rarely about what the headlines claim. Beneath the surface lies economics and control of trade routes. One project that has quietly resurfaced in strategic discussions is […]
March 16, 2026 | Health Prepping: ADHD Is a Business Scam, Not a Disease
Today’s schools are pleasant environments for some kids and torture chambers for others. In particular, boys with short attention spans and high energy are deemed mentally ill and drugged into sitting still for eight hours a day. Like so many current things, this is a scam designed to enrich a small group of providers (in […]
March 16, 2026 | The Wrong Signals
Happy Monday Morning! We’ve written at length about the housing bust emanating across the country. In particular, in the new construction space. New home sales have hit 45 year lows in the GTA, and aren’t fairing much better in Greater Vancouver, and so, as we noted last week, An article in the Globe & Mail highlighted the […]
March 16, 2026 | Compounding Shocks Raise Bear Market Odds
An oil shock amid rising credit stress and negative job revisions, unexpectedly pushing up unemployment. Every cycle is a little different, but similar developments have marked the onset of past recessions and bear markets. Oil price spikes reduce economic demand, partly because they tend to keep interest rates higher for longer. The segments below do […]
March 16, 2026 | Canada Quietly Turns Back to Nuclear as Net Zero Collides With Reality
For years, politicians across the Western world have insisted that windmills and solar panels would power the future while reliable energy sources were dismantled in the name of climate policy. Now reality is beginning to intrude. Canada is preparing to unveil a national electricity strategy centered on expanding nuclear power as governments confront a basic […]
March 15, 2026 | Liquidity Crisis 2026
QUESTION: Marty, I want to thank you for your warning about Blackrock. I took out 90% with the October high and the rest in January when Socrates showed a Panic Cycle Year in 2026. I did not invest in their Ukraine project. I heard because of your advice to stay out they could not raise any […]
March 15, 2026 | The Fog of Confusion
There has been so much data released in the past week it’s hard to know where to begin. And that is all compounded by the fog of confusion/war surrounding the “Iran conflict.” Rather than focus on a single topic, today we are going to go “around the horn” (an old term which refers to going […]
March 15, 2026 | S&P 500 Breaks Key Support — What It Means for Your Portfolio
If you’ve been watching the markets this week, you’ve probably felt the turbulence. The S&P 500 closed Friday at 6,632 — and for everyday investors, here’s what that number actually means. What happened this week In a video recorded Thursday, I flagged a critical warning sign: the S&P 500 was testing a key support level around […]
March 14, 2026 | Trading Desk Notes for March 14, 2026
Trade the price, not the story The “uncertainty” created by the war in Iran is affecting all of the markets I trade, especially crude oil. I’ve watched videos and read “tons” of theories about why this war is happening, how it’s going, how it will impact other markets, how it will end, and how it will […]
March 14, 2026 | Agriculture & Global Cooling
QUESTION: Mr. Armstrong; Are you familiar with Professor Easterbrook of Western Washington University who agrees with you and is projecting a decline in temperatures for the next three decades? It seems that those who simply claim that it has been getting warmer live in a bubble of biased news. One even said to me that it […]
March 14, 2026 | Tech Talk for Saturday March 14th 2026
The Bottom Line The S&P 500 and TSX Composite Index have a history of reaching a seasonal low in mid-March (with the S&P 500 Index outperforming the TSX Composite until mid-December). What about this year? Short term (20 days) momentum indicators for both indices are deeply oversold. OnFriday, the S&P 500 indicator dropped to 23.21% […]
March 13, 2026 | AI’s Power Hunger
The biggest constraint on artificial intelligence is not chips, software, or capital. It is electricity. Now the tech giants are finally admitting it. Seven major companies, including Amazon, Google, Microsoft, Meta, OpenAI, Oracle, and xAI, have signed a pledge committing to supply or finance their own power generation for the massive AI data centers […]
March 13, 2026 | Trump Gambles on War with Iran
Trump’s Iran Gamble Could Trigger an Oil Shock 20 percent. That is the share of global oil supply that normally passes through the Strait of Hormuz, the narrow shipping channel between Iran and Oman. If Iran keeps that chokepoint blocked, the consequences for inflation, interest rates and the global economy could be severe. The recent […]
March 13, 2026 | Canadian Bond Prices Surge on ‘Unexpected’ Job Losses
In February, the Canadian economy ‘unexpectedly’ lost 83,000 jobs, the most since January 2022 (shown below since 2020), driving the unemployment rate up to 6.7% after a 25,000-job loss in January. Economists surveyed had expected employment to rise by 10,000 and the jobless rate to be 6.6%. Employment declines were widespread and across both goods […]
March 12, 2026 | US Inflation Looks Tame for Now — But That May Not Last
The latest CPI report for February 2026 came in largely as expected, and, on the surface, Washington will likely celebrate the numbers. Consumer prices rose 0.3% for the month and 2.4% year-over-year. Core CPI, excluding food and energy, rose 0.2% for the month and is running at 2.5% annually. By the standards of the […]
March 12, 2026 | Culture War, Part 1: Ayaan Hirsi Ali Defends the West
I’m just going to say it: Christian and Islamic cultures can’t seem to co-exist in liberal/capitalist societies. And deciding who gets to define right and wrong is going to require some kind of culture war. The UK seems to be the front line. See: Civil War in the UK? UK Civil War: Wow, That Escalated Quickly The […]