November 6, 2022 | Trading Desk Notes For November 5, 2022

Inter-market relationships I’m a Macro tourist: I constantly monitor intra-market and inter-market relationships and correlations. It’s an old habit, and it often leaves me more perplexed than enlightened, but sometimes I find clues that help me see a trading opportunity.   I look at correlations as a trader, not an economist or statistician; in other words, […]

November 6, 2022 | Dangerous Assumptions

Historically speaking, this phase of life we call “retirement” is a new concept. The idea you could stop working at a certain age was unknown until quite recently. People worked as long as they physically could, then died quickly unless they had family or servants to care for them. That was normal and accepted. Now, […]

November 6, 2022 | Bolsonaro Hands Over Power to Lula

Jair Bolsonaro did not immediately concede to Luiz Inacio Lula da Silva after the close election of 49.1%-50.9%. This is the closest presidential race in Brazil since 1985 and marks Bolsonaro’s first defeat in his political career. Bolsonaro supporters held mass protests across the nation to protest Lula’s victory and blocked hundreds of major roadways. […]

November 5, 2022 | Danielle on CBC’s weekend business panel

Danielle was a guest with Rubina Ahmed-Haq and host John Northcott on the CBC Weekend Business Panel today. You can watch a video clip of the segment here.

November 5, 2022 | This Week in Money

• Ross Clark – Markets, Canadian Dollar, Gold, Oil
• Robert Campbell –  (10:41) Inflation, Interest Rates, Housing Bubbles
• John Rubino – (1:09:03) Gold, Silver, Electrical Grid, Economic Collapse

November 5, 2022 | Fed Pivot Myth

Thank you to the reader who sent in this hilarious image. Despite all the incoming data and price instability, some expected the Fed to pivot on its stance. Even BlackRock reportedly told advisers to expect “pivot language” at the last Federal Open Market Committee meeting. They were hoping that the Fed would announce a looser stance for the December […]

November 4, 2022 | Tesla Reports Record Production But There are Hints of Bumps in the Road

Tesla reports another record quarter of production but there are hints of some bumps in the road ahead. The company is generating huge amounts of free cash flow, even while building out two new factories. But a weak stock market and looming recession could affect Tesla. In full disclosure I have owned and driven a […]

November 4, 2022 | No – This is Not the Last Daylight Saving Time

There seems to be some confusion as people cheer that November 6 will be the last annual end to Daylight Saving Time (DST). The proposal to stop altering the clocks passed in the Senate last year. However, the bill died in the Democrat-controlled House and has not been discussed since. The tradition of changing the […]

November 4, 2022 | Gold, Stocks, Bonds, Commodities

Nuclear, Coal, Wind, and Solar Power

November 3, 2022 | No COVID Amnesty

  The Atlantic wrote a piece about declaring pandemic amnesty. “We need to forgive one another for what we did and said when we were in the dark about COVID,” Emily Oster wrote. I will not forgive what was done and the permanent damage the COVID zealots caused to the global economy. This was not […]

November 3, 2022 | What Went Up Must Come Down

Yesterday, Fed chair Jerome Powell reiterated his commitment to combating inflation (lagging indicator) at the expense of economic growth, employment and asset prices (leading indicator). Stocks didn’t like the message. In an abrupt reversal, every market sector tumbled into the close, with 474 of S&P 500 members ending in the red. There’s a point of […]

November 3, 2022 | Will Interest Rate Hikes Fix Inflation?

Crude Oil, Gold, Supply Chain

November 3, 2022 | Are Fed Rate Hikes Inflationary?

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November 2, 2022 | Eurozone Inflation Reaches New High – Recession Incoming

Inflation in the Eurozone hit a new record in October, according to Eurostat who reported a 10.7% rise. That marks an increase from September’s 9.9% posting and an all-time high since Eurostat began compiling Eurozone data in 1997. The European Central Bank (ECB) attempted to curb inflations with another 75 bps hike last week. The […]

November 2, 2022 | Why the 2022 Housing Shortage is Over

Eric’s presentation illuminates the components of housing supply and how it impacts prices. The Housing Shortage has been one of the most popular stories in real estate and the economy over the last year. You see headlines about the lack of inventory driving up home prices everywhere you look. Many said home prices would not […]

November 2, 2022 | If You Believe

If you believed they put a man on the moon Man on the moon If you believe there’s nothing up his sleeve Then nothing is cool REM – Man on the Moon The REM song Man on the Moon, released in 1992, is a haunting melancholy tune, with Andy Kaufmann and his life and death […]

November 2, 2022 | Poisoned, Election Fraud, 5G, Ukraine

Interest Rates, US Dollar, Gold

November 1, 2022 | And So The Cycle Goes

Canadian monthly home sales in September were -32% year-over-year and 12% below the pre-pandemic 10-year average for September (chart below since 2007 courtesy of Martin Pelletier). October sales appear to have been worse. Many who bought properties during the 2020-2022 frenzy are now underwater in terms of resale value. Others refinanced existing properties to extract equity […]

November 1, 2022 | Twitter – The New Wild West for Free Speech

All eyes are on Twitter after Elon Musk acquired the company for $44 billion. Musk took Twitter public but plans to make it available to shareholders in another five years as he believes he can reach one billion subscribers by that time. The eccentric billionaire began his takeover by bringing an actual kitchen sink to […]

November 1, 2022 | Runaway Freight Trains

The Bank of Canada raised rates by another 50bps this past week, pushing prime rate to 5.95% and inflicting more pain on variable rate mortgage holders. We’ll circle back to that in a second. What’s important to note here is markets were fully pricing in a 75bps rate hike from the Bank of Canada and […]