June 12, 2024 | Total US Stocks Grew 11.8 MB Last Week – Lower WTI Prices Ahead

Economic data in the US so far is not supportive of the Fed lowering their Fed Funds rate. Today’s CPI report was benign coming in at 3.4% for core, so the Fed is likely to continue its view that it wants to see a few months of slower economic growth and declining price pressure before […]

June 11, 2024 | Canadian Home Prices Moving Lower For Math Reasons

It is wildly unpopular to say this, but Canadian home prices need to move much lower. And yes, I, too, stand to lose net worth as they do. Immigration is unlikely to prevent mean reversion here. Immigrants need places to live, to be sure, but historically, it took an average of 7 years before immigrants […]

June 10, 2024 | Used Car Wholesale Prices Continue Plunge, Gave up 59% of Pandemic Spike. But still up 35% from Jan 2020: EVs +72%, ICE Vehicles +34%

Used vehicle prices are in a historic downward spiral, unwinding the hugest-ever price spike that had built up during the pandemic. Despite the plunge, wholesale prices of vehicles sold at auction in May were still 35% above where they’d been in January 2020, according to Manheim, the largest auto auction house in the US. With […]

June 9, 2024 | Soft Landing Fantasies

Those who think the wizards at the Fed have engineered a soft landing for the grotesquely pumped U.S. economy are in for a rude awakening. Strip out the “wealth effect” from mega-cap stocks driven mostly by hot air and short covering, and the economy is already in recessionary muck. Although yacht sales reportedly are still […]

June 8, 2024 | Trading Desk Notes For June 8, 2024

Check your old-school assumptions at the door Market sentiment has been oscillating between believing that “higher for longer” is 1) dead or 2) will be indefinitely sustained. The oscillation frequency has shrunk from months (during the October to February period) to days (since mid-April), and this week, sentiment swung from pillar to post between Monday and […]

June 8, 2024 | This Week in Money

• Ross Clark: Stock Markets, Gold, Oil, USD, Canadian Dollar.  Special Offer! 25% Off New Annual Subscriptions.
• Martin Armstrong:  (8:34) 2020 Coup, Mass Migration 2024, Stock Markets, US Presidential Election, Bitcoin
• Hilliard MacBeth: (51:34) Canadian Real Estate, Interest Rates, Debt

June 7, 2024 | Bank of Canada Cuts Rates and Sends The Market a Signal

The Bank of Canada cut interest rates by 25 bps on Wednesday and the ECB made a similar cut on Thursday. This marks a significant moment in the history of interest rate policy changes and could be a turning point. CPI Inflation has moderated enough (2.7 percent) to allow cuts without a loss of credibility. […]

June 7, 2024 | Will We See 1 or 2 Percent Interest Rates Again?

Despite government policies, oil isn’t going away

June 7, 2024 | AI Going to Drive Power Demand Sky High

Meme stocks a great way to lose money

June 7, 2024 | Why Falling Central Bank Rates are Bad News

Is AI the new dot com bubble?

June 6, 2024 | Bank of Canada Cuts by 25 basis points, to 4.75% as Economy and Inflation Slowed. QT Continues

“With continued evidence that underlying inflation is easing,” the Bank of Canada said today that “monetary policy no longer needs to be as restrictive,” and it cut policy interest rates by 25 basis points, as widely expected. But QT will continue, the statement said. The BOC has already shed 64% of the securities it had […]

June 6, 2024 | What Would Josey Wales Do?

“Now remember, when things look bad and it looks like you’re not gonna make it, then you gotta get mean. I mean plumb, mad-dog mean. ‘Cause if you lose your head and you give up then you neither live nor win. That’s just the way it is.” – Josey Wales “To hell with them fellas. […]

June 6, 2024 | The Biden Mask, Q, Climax Event

Climate change hoax, Inflationary Depression

June 6, 2024 | Time to Be Cautious in the Stock Market

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June 5, 2024 | WTI Crude Plunges Over US$4/B To US$73.10/B As OPEC Plans To Open The Spigots in Q4/24

OPEC’s announcement to gradually phase out the 2.2 Mb/d of quota cuts (starting October 1st) was not received well by the markets. In the details an agreement to give the UAE a 300 Kb/d addition to their quota, and continued cheating by Iraq and Nigeria resulted in a knockout blow to crude prices over the […]

June 4, 2024 | The Major Fractal Wave of the Economic Confidence Model & 2032.95

Here is the Economic Confidence Model at the very high end to all the questions about how high up the fractal structure can be defined. We are in the grand Public Wave overall that peaks in 2032.85. This is the equivalent of the wave that picked the Peak of Rome in 175 AD. So here, […]

June 3, 2024 | Art of the Collapse, June 2024

Looks like the Aristocracy has finally stopped pretending to be the good guys. George Washington is not impressed: ‘250 Years Wasn’t A Bad Run,’ Says George Washington Looking On From Heaven Babylon Bee — Watching as the last vestige of the nation he helped found crumbled, George Washington sighed and remarked that America still had […]

June 2, 2024 | Market’s Insanity Is Tightly Scripted

Speaking of my fellow gurus, our switchboards have lit up to warn that something big is looming.  Even the oddballs who think stocks are headed much higher seem to agree that a punitive correction is long overdue. And although each of us would like to believe that the arrival time of whatever dreadnought is coming […]

June 1, 2024 | Trading Desk Notes For June 1, 2024

Let the cuts begin The Bank of Canada may announce a 25bps cut (from 5.25%) on Wednesday (markets are pricing a 75% chance), and the ECB is expected to announce a 25bps cut (from 4.50%) on Thursday. The Fed is not likely to cut rates at its June 12 meeting.   The net speculative short positioning in Canadian dollar futures is […]

June 1, 2024 | This Week in Money

• Ross Clark:   Stock Markets, Dow Theory, Gold, Silver, Oil, USD, Canadian Dollar, Cocoa.  Special Offer! 25% Off New Annual Subscriptions.
• Robert Campbell:  (11:01) Real Estate, Gold, Silver, Financial Security.
• Wolf Richter:  (58:37) Oversupply of Vehicles, Overflowing Car Dealerships, US Consumers.

May 31, 2024 | German Property Price Crash Will Not Become a Crisis

Germany property prices are plummeting. Prices for commercial properties and multi-family buildings are dropping with insolvencies and foreclosures soaring. Even house prices are falling. The housing market in Germany is very different from the U.S., Canada and Australia, particularly in the terms and amount of financing available to buy a house for a first-time buyer. […]

May 31, 2024 | Rate Cuts Will Mean Recession Is Upon Us

Risky Junk Bonds Becoming Popular

May 30, 2024 | The Silver Secret

Two of the oldest commodities known to man, gold and silver, share a history dating back thousands of years. The role of gold has changed little through the passage of time. The same cannot be said for silver. In fact, it is the remarkable transformation in the usage of silver that has set the stage […]

May 30, 2024 | Are We Seeing “Sell in May” Play Out?

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