ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
June 4, 2023 | The Great Awakening
Full Documentary:
June 4, 2023 | $AAPL – Apple Computer (Last:180.95)
The post-covid bull market begun in the final quarter of 2020 is running out of room, at least on the daily chart. The 184,86 target shown, a Hidden Pivot resistance, is not the highest that can be projected, but it still looks capable of restraining the charge, if only for a short while. Sliding ‘A’ down […]
June 4, 2023 | A Much-Needed Crisis
“Crisis” is an overused word. Actual crises are those rare times when we are on the knife edge of disaster. It’s not a crisis when a bank fails, or Congress can’t agree on a budget. Those are annoyances (unless it’s your bank). While not good, they don’t spell immediate catastrophe. I’ve long been predicting a […]
June 4, 2023 | Another Look at the Financial Transactions Tax That Could Eliminate Need for All Others
A small financial transactions tax could correct a number of maladies in our economic system, from the federal debt crisis to the widening wealth divide to the rampant financialization of the economy, while eliminating taxes on income and sales. The debt ceiling crisis has again brought into focus the perennial gap between what the government […]
June 3, 2023 | Trading Desk Notes For June 3, 2023
Up, up and away? The Nasdaq 100 futures had their highest weekly close this week since March 2022, up ~32% YTD; the S&P 500 index had its highest weekly close since April 2022, up ~11% YTD, while the DJIA had its highest weekly close since…last month, and is up ~2% YTD (imagine what the DJIA would […]
June 3, 2023 | Tech Talk for Saturday June 3rd 2023
The Bottom Line U.S. and Canadian equity indices and related ETFs ended the week with improving technical profiles, typical of their historic trend to the first week in June. They also have a history of moving lower between now and the last week in June. News to watch this week! Frequency of corporate earnings reports […]
June 3, 2023 | Danielle on Living Your Greatness Podcast
Host Ben Mumme is a truly impressive millennial. A former provincial and national water polo athlete, Ben is a college professor, coach, graduate student, and the host and producer of the Living Your Greatness podcast. Ben also authors the weekly Living Your Greatness newsletter focused on wisdom, timeless insights, and inspiring stories of world-class living legends. Go, Ben! […]
June 2, 2023 | Artificial Intelligence is Generating a Stock Market Frenzy
The latest investment hype is based on widespread investor interest in Artificial Intelligence (AI). Nvidia, a company that makes computer chips for AI, is trading at huge multiples of earnings that have only been seen in extreme bubbles like the dot-com era of 1999. Is AI a genuine investing opportunity? AI is generating a frenzy […]
June 2, 2023 | People We Should know: Caitlin Johnstone
Sometimes you have to be outside a situation to see it clearly. And never has that been more true than with today’s late-stage, decadent, pseudo-capitalist global order. Libertarians, who are emphatically not part of the fiat currency/fractional reserve money system, understand that this financial arrangement is a recipe for disaster. What remains of the left, […]
June 2, 2023 | Mind The Pause
Last night a debt-ceiling bill passed in the US House of Representatives and is expected to clear the Senate within the next day or two. Unsurprising, they have passed over 100 of these increases in the last 80 years. More significant is the contractionary impact on the money supply. Over the past five months, the […]
June 1, 2023 | Dead Man Walking?
[Taken from May 2023 Timing Letter] Is the U.S. economy a dead man walking? As illustrated in my May 2023 Timing Letter, U.S. money supply (M2) is falling at its fastest year-over-year rate since the 1930s, and is sending a highly negative signal for the economy, stocks, and real estate. Historically reliable recession indicators […]
June 1, 2023 | Negative-Carry Rentals Typical in the GTA
In 2020, Greater Toronto Area condo investors who bought a unit with a mortgage cleared $63 a month in net rent, on average (before any needed repairs). In 2022, they lost $223. Fourteen percent of condo owners lost $1,000 or more monthly (CIBC report). Parsing the numbers further, in 2022, more than 80% of resale […]
June 1, 2023 | Poilievre Reminds Trudeau of His School Sex Scandal
Pierre Poilievre may have momentarily humbled Justin Trudeau after knocking him off his high horse. Poilievre demanded answers regarding inflation in Canada, specifically the growing costs of groceries. Trudeau wants to increase the carbon tax by over C$0.40 cents per liter to C$0.61 cents, guaranteed to increase the costs of essential items at a time […]
May 31, 2023 | AI Excitement Distracting Some from Ongoing Bear Market
David Rosenberg, Rosenberg Research founder and president, joins ‘Fast Money’ to discuss why he thinks the A.I. boom is distracting investors from recession risks. Here is a direct video link.
May 31, 2023 | Fall Of American Empire and Descent into a New Dark Ages
“The story of its ruin is simple and obvious; and, instead of inquiring why the Roman Empire was destroyed, we should rather be surprised that it had subsisted so long. The victorious legions, who, in distant wars, acquired the vices of strangers and mercenaries, first oppressed the freedom of the republic, and afterwards violated the […]
May 31, 2023 | That was Fast: Mortgage Rates Re-Spike to 7% Range as it Sinks in that the Fed Won’t Cut Rates “Anytime Soon,” Mortgage Applications Plunge to 1995 Levels. Even Investors Pull Out
The 7% mortgages are back. The average interest rate on 30-year fixed-rate mortgages with conforming balances jumped to 6.91%, the highest since November, according to the weekly measure by the Mortgage Bankers Association today. The daily measure by Mortgage News Daily already went over 7% a few days last week and earlier this week. “Inflation […]
May 31, 2023 | Ukraine Preparing to Engulf the Entire World in Death & Carnage
Some people have been sending hate mail claiming I am a Putin supporter. My advice to you is to grab a gun and go volunteer to fight for Zelensky. ALL my sources have been screaming from the beginning that this Ukrainian war has been instigated by the US which has been taken over by a […]
May 30, 2023 | Retail Bellwethers Warn on Recessionary Trends
Last week, Costco joined the long line of retail bellwethers sounding the alarm on recessionary trends in consumer spending. It’s everywhere. It’s everywhere. See What Costco’s baskets reveal about consumer finances, to wit: The latest evidence came from Costco whose average customer tends to be higher income. The retailer on Thursday said comparable sales excluding fuel in constant […]
May 29, 2023 | The Real Hidden Agenda – It’s Time to take the Red Pill
COMMENT: Martin, I’m gay and I agree with you on this transgender drivel, especially letting male-born athletes compete in women’s sports. It is becoming scary for those of us who are just gay. We are being thrown in the same category as this transgender agenda. I too have been to Thailand. The Ladyboys in Thailand are […]
May 29, 2023 | Lessons to be Learned in Property Pain
The latest CMHC report notes that Canadian household debt totalled 107% of the country’s economic output at the end of 2021–the highest of any G7 country–and up from 95% in 2010 and 80% in 2007. Household debt has risen since 2021 and amounted to 180% of disposable income at the end of 2022. Mortgages account for some […]
May 29, 2023 | Money at Stake
Happy Monday Morning! The blistering hot spring market, which has been plagued by a twenty year low in new listings across the country is finally starting to simmer. This is welcoming news for home buyers, whom instead of competing with six other buyers might only have to compete with three other groups on offer night. […]
May 28, 2023 | SIC Mix
Business media is famous for propagating buzzwords and phrases, especially if they produce more clicks. The latest is Artificial Intelligence. It’s everywhere and is now a fixture in earnings calls, too. Every CEO is getting asked how AI will fit into or affect their company. It’s not quite as bad as every CEO trying to […]
May 28, 2023 | Pfizer – The New Evil Empire?
I warned that our computer was projecting that Pfizer was making a major peak. Many could not see how that forecast would be correct. Here we are and Pfizer is not a company you want to work for or invest in. Seriously, anyone who has a family member working at Pfizer should cash out before […]
May 28, 2023 | And Now Microsoft Leads the Stampede!
Microsoft’s bullish rampage last week added to already strong evidence that the stock market is headed to new records highs. The shares of the software leviathan’s shares not only jackhammered through granite resistance in the form of the midpoint ‘Hidden Pivot’ shown in the chart, they ended the week decisively above it. This technical telltale […]
May 28, 2023 | Danielle on CBC Weekend Business Panel
Danielle appeared on CBC’s Weekend Business Panel talking about the CMHC report on Canadian household debt levels, AI mania and the US debt ceiling. Here is a direct video link.