ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
June 9, 2025 | We Got No Jobs
Happy Monday Morning! It was a tough week for mortgage shoppers in Canada. The Bank of Canada held rates for the second consecutive meeting. BoC’s Macklem emphasized a wait and see approach, noting, “The Bank’s preferred measures of core inflation as well as other measures of underlying inflation moved up in April. We will be […]
June 9, 2025 | The Housing Bust Is Here: Sellers Outnumber Buyers by 500,000
Here, in very short form, is how housing busts normally happen: A “seller’s market” evolves, where buyers have to pay up to get their first choice. Prices rise gradually, and then quickly, as buyers start to panic and sellers are emboldened to hold out for more. This boom continues until the average buyer can’t afford […]
June 9, 2025 | Bank of Canada Holds While The Economy Devolves
Canada’s unemployment rate has climbed to 7% from 6.2% a year ago, and up 210 basis points from 4.9% in June 2022 (chart below via The DailyShot). Excluding the pandemic, this is the highest unemployment rate since 2016 (Statscan report here). A 180-basis-point increase in the jobless rate over two years has historically been a […]
June 9, 2025 | We Are Being Amused And Abused To Death
“But we had forgotten that alongside Orwell’s dark vision, there was another—slightly older, slightly less well known, equally chilling: Aldous Huxley’s Brave New World. Contrary to common belief even among the educated, Huxley and Orwell did not prophesy the same thing. Orwell warns that we will be overcome by an externally imposed oppression. But in […]
June 8, 2025 | Ukraine on Fire – The Flatlining of a Country
QUESTION: Marty, with so many markets all showing sharp rises in volatility of panic cycles in 2026, ahead of what appears to be a significant turn in 2027, the rumor is that your computer will be correct. According to my military sources, Ukraine is expected to fall by August or by 2026. They […]
June 8, 2025 | Summer Topping Process Could Get Messy
The stock market is in a topping process, brazenly manipulated by white-collar carnies who cut their teeth at Sloan, Wharton and Stanford. These newly trained ass-bandits have been working Microsoft shares to hold the broad averages aloft while they offload inventory to widows, pensioners and assorted other bag holders. I described in detail how this […]
June 8, 2025 | Good News and Creative Destruction
“We desperately as a country want to destroy more jobs. That is the only good outcome in the next 10 years…” Joe Lonsdale, Venture Capitalist and SIC speaker (Joe is right, but it is critical you understand why he is right if you want to understand the future. -JM) “The answer to the question “Where […]
June 7, 2025 | Trading Desk Notes for June 7, 2025
Silver surges to a 13-year high Comex July silver futures reached a 13-year high of ~$36.50 this week, up ~10% for the week and ~30% from the April 7 lows. Some analysts suggested that Chinese speculative buying of silver (now that gold is “too expensive”) fuelled the rally. Silver rallied to ~$50 in 2011, at the […]
June 7, 2025 | Musk vs Trump (2)
QUESTION: Have you lost respect for Musk? DD ANSWER: Unfortunately, yes. Look, both Trump and Musk act on instinct, you might say, but Musk lacks the experience. Trump is a negotiator, and he goes with the flow. He does not see any catastrophic shame in changing his mind quickly. Musk, on the other hand, is […]
June 7, 2025 | Tech Talk for Saturday June 7th 2025
The Bottom Line Nice technical breakout on Friday by the Dow Jones Industrial Average and its related ETF: DIA! Measured by percent of S&P 500 stock trading above their 20, 50 and 200 day moving averages, U.S. equity prices are Overbought and peaked in mid-May. Strength in a small number of big cap U.S. stocks […]
June 6, 2025 | The TACO Trade Has Its Moment
Financial markets love an acronym and TACO or Trump Always Chickens Out, is the latest. Source: AI generated image – REDDIT It was coined by Rob Armstrong of the Financial Times on May 2 and last week gained traction among commentators to explain the recent rally in U.S. stocks. Will the TACO trade continue […]
June 6, 2025 | Gold’s Breakout Isn’t Just Technical—It’s a Global Stress Barometer
Gold has just made an important move by breaking out of a chart pattern that usually signals higher prices ahead. Several big reasons are behind this jump: Central banks are buying gold heavily to protect against currency drops and global uncertainty. Governments are spending way more than they earn, piling up debt—this makes gold more appealing […]
June 6, 2025 | Debt-Stressed Consumers Retrenching
Since June 2024, interest rates have trended down from a two-decade high, yet remain above the historically low levels seen during the pandemic. Approximately 1.2 million Canadian mortgages will renew in 2025, a vast majority (85%) of which were secured when the Bank of Canada’s key lending rate was at or below 1% compared with […]
June 6, 2025 | How Putin Can Win
The Daily Beast, another LEFT-WING propaganda outlet, pretends that this strike means Ukraine is winning. I think every one of these journalists should be drafted, handed a gun, and sent to Ukraine to defend what they boast about. Sorry, Putin is the smartest leader in the room. He has drawn so many red lines, […]
June 5, 2025 | Incoming US Centralized Federal Government Database — When Data Becomes Power
If you were unfamiliar with the American analytics company Palanatir Technologies, prepare to hear about it on every news channel in the coming months. Donald Trump secured the presidency twice because he was the anti-establishment candidate. The White House has tasked Planatir with developing an extensive centralized federal database to house the personal data of […]
June 5, 2025 | Gold Is Outperforming Stocks and Bonds – and Silver is Outperforming Gold
Congratulations, gold bugs, your long, painful wait is ending. The following chart shows the three-year rolling average annualized returns for stocks, bonds, and gold, with the latter now winning. Gold is holding its gains even as it moves into its seasonally weakest stretch. No “sell and May and go away” so far. This is great […]
June 5, 2025 | Job Losses Leaping
Slowly, then all at once…job losses ‘unexpectedly’ leaping across many sectors. Andy Challenger, Senior Vice President, Challenger, Gray & Christmas, shares his insights on the latest Challenger layoff report in the U.S. and what sectors were most impacted. Here is a direct video link.
June 5, 2025 | Trump Did Call Putin
COMMENT: Marty, you are always way ahead of everyone else. You told Greg Hunter that Trump called Putin. Why anyone listens to any commentator when they are not the ones with real contacts is beyond me. Thank you so much for everything you do. They handed Obama the Nobel Peace Prize when he was […]
June 4, 2025 | Trump Blames Fed for Weak Payrolls – Media Blames Trump Tariffs
May’s private payrolls based on ADP estimates are the lowest since March 2023. Private payrolls rose only 37,000 last month, far beneath April’s addition of 60,000 and a far cry from the Dow Jones forecast of 110,000. The financial sector rose by 20,000, leisure and hospitality saw an increase of 38,000, and construction added 6,000. […]
June 4, 2025 | Ukrainian Special Forces Made Multiple Attacks Deep Into Russia. Destroying Over 40 Long Range Nuclear Capable Planes. This Is A Game Changer!
Summary: Ukraine Special Forces made surprising and successful attacks with new methodologies to attack critical Russian military equipment. Ukraine knocked out 41 long range strategic nuclear capable attack planes at five air bases including one in Siberia. It appears that Ukraine had help from NATO military intelligence services as the Trump administration does not want […]
June 4, 2025 | Becoming Invisible, Part 17: Next-Gen PCs Riddled With AI Spyware
About a decade ago, my son built himself a gaming computer, but soon decided he didn’t need it. I bought it from him and have used it for work ever since. Despite its age, it’s still fast, with massive memory and the horsepower to multitask pretty much any combination of programs or websites. I would […]
June 4, 2025 | Dark Factories
The idea that re-shoring manufacturing will increase good-paying jobs in North America faces some challenges from automation. Corporations focus on profit margins, so where machines are more efficient than human labour, automation will win out. Factories have been transformed by automation, with robots now taking on a sizeable proportion of jobs once done by people […]
June 3, 2025 | Rising Stocks and Contracting Economies–Foreboding Financial Setup
China’s Caixin purchasing managers’ index unexpectedly fell in May to 48.3 (sub-50 signals contraction) as US tariffs took a toll on smaller exporters. The consensus had expected the gauge to improve, not worsen. At the same time, US manufacturing activity contracted further in May to the lowest level since November. The Institute for Supply Management (ISM) purchasing managers’ index […]
June 3, 2025 | The Economic Confidence Model & the Hidden Order Behind the Chaos
COMMENT: Marty, I have been with you since 1987. I have watched your Economic Confidence Model blow everyone out of the water, and your critics are just idiots who are either genuinely just stupid or they are paid by the “club” to try to prevent people from listening to you. Anyone who criticizes you […]
June 2, 2025 | The Seeds for the Next Crisis
Happy Monday Morning! Last week we titled a piece called ‘A Firehose of Supply’ in which we duly noted, “The bull thesis for housing this year was falling rates. Sellers have been reluctant to cut prices because rates were supposed to come down and house prices were supposed to go up. Instead, mortgage rates only […]