ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
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 […]
March 12, 2026 | Why So Many Private Credit Investors Want Out
The plan to bring mom-and-pop investors into ‘alternative’ investments was always about finding a pool of greater fools to keep inflows coming. The ‘free money’ years covered up a lot of naked swimmers that are now being revealed. When people need cash, they sell what they can, and this is how liquidation contagion spreads between […]
March 11, 2026 | About That: How High Will The U.S.-Israel War with Iran Push Gas Prices?
Oil and gas prices are rapidly rising around the world amid the U.S.-Israel war with Iran. Andrew Chang explains what’s driving the surge and why predicting the next moves in the oil market is so difficult. Here is a direct video link. Spikes in oil prices, especially late in business cycles, when asset prices and debt […]
March 11, 2026 | Canada’s Housing Crisis Shows the Consequences of the Easy Money Era
Canada’s housing market has become one of the most expensive in the developed world, and the affordability crisis continues to worsen despite rising interest rates. Mortgage payments as a share of household income are now near record levels, leaving many first-time buyers completely priced out of the market while existing homeowners face significantly higher borrowing […]
March 10, 2026 | Subcutaneous Microchip Mandates
There was a time when warnings about governments embedding identification technology directly into the human body would have sounded like something from George Orwell rather than a public policy debate. Yet here we are. Washington State is now considering legislation to prohibit employers from forcing workers to accept subcutaneous microchip implants. The fact that […]
March 10, 2026 | Fuel Costs Tax Everyone
Last week’s near 35% spike in the price of oil (WTIC) was the biggest gain in futures trading history, dating back to 1983 (shown below, courtesy of Bespoke Investment Group). After closing at $90.90 a barrel on Friday, the price rose to $119.48 intraday yesterday, then slumped 15% to $80 this afternoon. That’s still up 47% […]
March 9, 2026 | Upsetting the Apple Cart
Happy Monday Morning! Last week we wrote a piece titled ‘Landmark Agreements’ in which the Federal Government signed an agreement acknowleding aboriginal title for the Musqueam First Nations across most of Metro Vancouver. It was a “Landmark Agreement” according to the Feds, yet received zero mainstream media coverage. Why it received so little coverage we’ll […]
March 9, 2026 | Canada and Europe Strengthen Trade Ties as Global Economy Fragments
Canada and the European Union agreed to modernize their existing trade agreement while launching negotiations for a new digital trade pact. On the surface, this appears to be another routine trade update between two long-standing partners. In reality, it reflects a much deeper shift underway in the global economy as nations begin quietly restructuring trade […]