ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
June 19, 2026 | The Federal Reserve has a New Leader Who Talks Tough
The Federal Reserve has a new chair, and he’s already on a collision course with the White House. Kevin Warsh presided over his first meeting this week, holding rates steady but sending an unmistakable signal — inserting into the statement that “the committee will deliver price stability.” The phrasing draws a sharp line against predecessors […]
June 12, 2026 | U.S. Canada Trade Agreement is in Deep Trouble
The U.S.-Canada trade relationship took another turn for the worse this week — and a critical deadline is now less than three weeks away. The USMCA, the flagship North American trade agreement signed by Trump in 2020, comes up for its mandatory six-year review on July 1. The review can result in an extension to […]
June 5, 2026 | The Strait of Hormuz Closure Will Become a Crisis
Main Street and Wall Street are ignoring the Strait of Hormuz oil crisis. That complacency has a poor historical track record. According to the IEA’s oil market report of May 13, roughly 12.8 million barrels per day are missing from global supply, with Gulf countries shipping about 14.4 million barrels per day less than before […]
May 29, 2026 | The $4 Trillion Test Coming To The Stock Market
The stock market is about to face a $4 trillion test it has never seen before. Three companies — SpaceX, OpenAI, and Anthropic — are preparing to go public in the coming months, together seeking roughly $4 trillion in new capital from investors. To put that in perspective, the total of all U.S. IPOs from […]
May 22, 2026 | The Xi Trump Summit and The Thucydides Trap
When Xi Jinping invoked the Thucydides Trap at the Trump-Xi summit in May 2026, he was doing more than referencing ancient history. He was signaling something about the present. The Thucydides Trap theory comes from Graham Allison’s 2017 book Destined for War: Can America and China Escape Thucydides’s Trap? Allison, a professor at Harvard, draws on the […]
May 15, 2026 | The Taiwan Risk Investors Forget
China’s long history of interest in Taiwan stems from its view that the island is part of a single Chinese nation, a belief rooted in centuries of cultural and political ties. That perspective has shaped Beijing’s policies since the mid twentieth century and continues to influence every diplomatic exchange today. It is against this backdrop […]
May 8, 2026 | A New Voice in Omaha
Greg Abel stepped onto the Omaha stage last weekend facing a question that has lingered ever since Warren Buffett named him successor: can anyone really follow the Oracle? What struck me is that Abel didn’t try to mimic Buffett’s folksy charm or marathon‑style showmanship. Instead, he leaned into who he is — a measured operator […]
May 1, 2026 | Party Like It’s… Well, You Know
A number of clients have been asking the same question lately: What gives? Why does the stock market keep rising? It’s a fair question. The S&P 500 continues to levitate, seemingly indifferent to geopolitical tension, sticky inflation, and the growing possibility of a U.S. recession. And while it’s generally considered bad form in finance to invoke 1999—rather […]
April 24, 2026 | A Turning Point for China’s Global Influence
Some analysts argue that there may be an unexpected beneficiary of the U.S.–Iran conflict — and it may not be the United States. A number of geopolitical observers suggest that China could emerge from the crisis with strengthened economic, diplomatic, and strategic influence. The U.S., meanwhile, may face new constraints, while other major players such […]
April 17, 2026 | The Hang Seng index is in a unique bear market
Remember the investors who saw what nobody else could see in 2007? There may be another moment like that unfolding right now — this time in Hong Kong. The Hang Seng Tech index is dirt cheap today and the companies leading it are doing well in their businesses even as they trade at extremely low […]
April 10, 2026 | The U.S. Faces an Enormous Challenge in Negotiations with Iran
Iran’s Peace Demands: A Long Road Ahead President Donald J. Trump announced that negotiations to end the war with Iran would be based on a 10-point proposal he described as “workable.” Within hours, Iranian state media outlet IRNA released Tehran’s own list of demands — and Trump erupted on Truth Social, calling the list “fake,” […]
April 3, 2026 | SpaceX Goes Public: Scale, Valuation and The Road Ahead
SpaceX’s confidential IPO filing has jolted markets in a way few listings ever do. The scale, timing, and ambition of the deal signal not just a major capital‑markets event, but a test of how far public investors are willing to stretch for a company that has already outgrown the private sphere. Even with sparse disclosures, […]
March 27, 2026 | Canada’s Pipeline Gamble Could Be a Big Win
Canada’s Pipeline Gamble May Be Paying Off When Canada bought the Trans Mountain pipeline from U.S. giant Kinder Morgan in 2018 for $4.5 billion, skeptics were plentiful. Kinder Morgan had walked away from a planned expansion, unwilling to absorb the financial risk. Ottawa stepped in — and the expansion ultimately cost $34 billion, far above […]
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 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 6, 2026 | Trump Holds a Weak Hand Heading into the Upcoming Summit
Trump Heads to Beijing With a Weak Hand When Donald Trump meets Xi Jinping in Beijing later this month, the setting will look like a diplomatic summit. But the real story is leverage—and right now China appears to have more of it. The three-day meeting comes as tensions rise over U.S. military action in Iran. […]
February 27, 2026 | Major Wars are Terrible For Some Investors
War, What Is It Good For? “War, what is it good for? Absolutely nothing.” This 1970 lyric from The Temptations captured the anger of the Vietnam era. But in financial markets, war is good for one thing: inflation. A February 2026 academic study examining 300 years of U.S. and U.K. data reaches a blunt conclusion: government bonds […]
February 20, 2026 | Chinese AI Companies Rock Silicon Valley
The United States is spending hundreds of billions to win the AI race. China is trying to win by spending far less. Nvidia’s high-performance chips and multi-billion-dollar data centers have become the foundation of America’s AI strategy. The largest U.S. technology companies are committing extraordinary capital — potentially as much as 500 billion dollars this […]
February 13, 2026 | The Gordie Howe International Bridge Makes Donald Trump Furious
The Gordie Howe International Bridge isn’t even open yet, and it’s already stirring up political drama from Windsor to Washington. This week, President Donald Trump lashed out on Truth Social, threatening to block the bridge’s opening — even though he personally supported the project during his first term and once called for its speedy completion. So why […]
February 6, 2026 | Tech’s Momentum Breaks — And the Market Scrambles for Alternatives
Technology investors are discovering that nuance cuts both ways. Markets are no longer reacting simply to whether a company is “in AI” or “not in AI”, they’re reacting to how AI reshapes business models. And this week, that shift in mindset produced some of the sharpest rotations we’ve seen in years. Earnings season made the divide painfully […]
January 30, 2026 | Palantir Technologies is a Risky and Controversial Company
Palantir Technologies is one of the most valuable companies in the U.S. stock market—and one of the least transparent. Investors are clearly smitten. The shares are up 133% in the past year, pushing Palantir’s market capitalization to roughly US$400 billion. Yet annual revenues are about US$4 billion. That implies a valuation of 100 times sales, a level rarely seen outside […]
January 23, 2026 | Carney Takes a Risky Gamble with a Bet on China
High Risk, High Reward: Carney’s China Gamble Prime Minister Mark Carney has defied Washington by striking a sweeping trade deal with China—slashing tariffs on Chinese electric vehicles and dismantling long-standing barriers on agricultural exports. Under the agreement, China will cut import levies on Canadian canola, canola meal, lobster, crab, and peas. In return, Canada will sharply reduce […]
January 16, 2026 | A Fight The Fed has Never Seen Before
Sunday night delivered an extraordinary development: the U.S. Federal Reserve was served grand jury subpoenas suggesting potential criminal charges against Chair Jerome Powell. The allegation is that Powell misled Congress last year regarding the refurbishment of Federal Reserve buildings. The reaction across the policy and financial community was swift. Former Fed governors, central bank leaders […]
January 9, 2026 | Venezuelan Oil is a Headline Risk For Canada
Venezuela, Trump, and the Oil Scare for Canada Venezuelans woke up Saturday to dramatic headlines stating that Nicolás Maduro had been removed and that the United States was now calling the shots in Caracas. President Trump justified the move on narcoterrorism charges, but his public remarks focused overwhelmingly on one thing: oil. Specifically, Trump argued […]
December 12, 2025 | Recession in 2026 Will Make The Fed Cut Rates Further
The Fed’s 2026 Outlook: Recessionary Signal or Inflationary Pause? The Federal Reserve recently cut the official interest rate by a modest 25 basis points. Faced with general economic weakness, rising unemployment, and the delayed inflationary impact of tariffs, the central bank is walking a tightrope. Will we see more aggressive cuts in 2026? That depends […]