April 9, 2025 | Markets Now Move at Trump’s Whim

Forget AI hype. Forget earnings. These days, stock prices hang on one thing: what President Trump says next. His words spark chaos, drive momentum, and overshadow everything else. After announcing ‘reciprocal tariffs’ on April 2, markets plunged for four straight days. Then, at 1:18 PM today, he took to social media to say he’s ‘substantially […]

April 9, 2025 | Climactic Sell-off For The General Stock Market Nearly Over. Energy Stocks At Bargain Levels. BUY!!!

I will be on this week’s MoneyTalks show with host and friend Victor Adair (Michael is on holiday) The roller coaster markets and specifically the energy sector will be the topics. This should be an interesting conversation that you may want to listen to. Go to MoneyTalks.com. The tariff war is now on (China now […]

April 9, 2025 | Driving Drunk Without Brakes

I’ve continuously pointed out the danger of asset bubbles because they commonly lead to a slippery slope of destructive behaviours, threatening the health and stability of individuals, businesses, and the economy. After a dramatic wipeout in March 2020, stock prices rebounded into December 2021 before plunging into October 2022. Rebounding again, some sectors finally reclaimed […]

April 8, 2025 | China is the Auto Capital of the World

China is the world’s largest car producer and exporter. A little-known fact is that China first became the world’s largest car exporter back in 2023, with low-cost EV companies BYD and Chery in the spotlight. The nation’s auto sector has been steadily expanding since then, with Chinese brands reaching an all-time high of 69.4% of […]

April 8, 2025 | Watch the Gold/Silver Ratio

Just a quick reminder that in times of market stress, gold and silver will sometimes diverge, with gold catching a safe haven bid and silver selling off as a cyclical industrial commodity. During such times, silver can get very cheap relative to gold, an imbalance that’s usually rectified by silver outperforming for a while. This […]

April 8, 2025 | “This Type of Thing Usually Ends with Forced Liquidations”

Understanding that “defensive” equities offer little protection in bear markets is critical to meaningful capital protection. The table below (courtesy of Gary Shilling) shows what happened to different sectors and the S&P 500 index overall during past recessions. Trying to hold through deep declines is hard; most people understandably panic after they have sustained big […]

April 7, 2025 | The Next Lost Decade

Happy Monday Morning! As we reported a few weeks ago, consumer confidence in Canada has plunged to twenty year lows amidst growing job losses and a global tariff war. The lack of confidence is showing up in home sales, which have fallen off a cliff in recent months. Recent data for the month of March […]

April 7, 2025 | Part II – Gold Manipulation?

PART II QUESTION: Is he breaking the London metals dealers’ hold to suppress the gold price? FD ANSWER: I am tired hearing the same constant bullshit about gold is suppress intentionally by dealers and that is why it is not $10,000. I have traded against these people for years. Here is a clip from the Forecast with […]

April 7, 2025 | Asset Bubble Bug Finds Another Windshield

Financial commentators predictably blame the Trump administration for ‘unexpected’ market losses. Two things about that: the tariff file was not unexpected. Trump has promised to do this for a long time. Secondly, major downdraft cycles are the natural and recurring aftermath of debt abuse and asset bubbles. Reckless risk-taking was an international pastime during the […]

April 7, 2025 | Ellen Brown: McKinley or Lincoln? Tariffs vs. Greenbacks

William McKinley and Donald Trump By Ellen Brown / Original to ScheerPost President Trump has repeatedly expressed his admiration for Republican President William McKinley, highlighting his use of tariffs as a model for economic policy. But as critics note, Trump’s tariffs, which are intended to protect U.S. interests, have instead fueled a stock market nosedive, […]

April 6, 2025 | China Retaliates with Tariffs and Trade Restrictions

  China imposed a 34% retaliatory tariff on all US goods that will go into effect on April 10. Nations everywhere are beginning to impose their own penalties on US goods. April 2, “Liberation Day,” may well be remembered as the beginning of the end for Trump’s legacy. Trump hit China with a 34% tariff […]

April 6, 2025 | Deflation Watch: Cheaper Oil = Cheaper Everything = Plunging Interest Rates

This post’s title sketches out a formula that ends with the world’s governments panic-printing their currencies. To flesh out the thesis, let’s start with energy’s impact on our cost of living: Energy Is In Everything Pretty much all of life’s necessities have an energy component. A car, for instance, requires electricity and petrochemicals to build […]

April 6, 2025 | The Tariff Recession?

Good news: Tariffs will not make the world end. American businesses will do what they do best, which is adapt. While the probability of a recession has increased, we always get through it and the best businesses thrive. Unless directly affected by tariffs, don’t change your personal plans that much. Much of this may change […]

April 6, 2025 | Trump About to Kick the Bear Market’s Ass

A word of advice if you’re looking for bankable information on the direction of the economy:  tune out the mainstream media’s cavalcade of Trump-deranged bozos and focus on the 4820 target in the SPX chart above. Think of it as Trump’s lucky number, but also a very good place for these all-too-interesting times to find […]

April 5, 2025 | Why is Trump Using Tariffs? The Truth That Has Misled the World on Tariffs

  For all the criticism of Trump and the risk of a global trade war, as Macron wants to unleash a trade war to elevate France to the top of the EU, if we just look at the data, we can see why Trump has taken this approach. Even those Republicans like Rand Paul joining […]

April 5, 2025 | Markets Tumble as Tariff Shock Sparks Global Selloff

Global stock markets suffered a steep crash today after President Donald Trump announced sweeping new tariffs, triggering one of the worst trading days in years. Major Index Losses Dow Jones Industrial Average plummeted 4%, shedding 1,680 points — its steepest single-day drop since 2020. S&P 500 sank 4.8%, approaching correction territory. Nasdaq Composite plunged 6%, […]

April 5, 2025 | Trading Desk Notes for April 5, 2025

Slowly at first, and then suddenly The cash S&P 500 index closed Friday ~9% below last Friday’s close, with virtually all of those losses coming after Trump’s Liberation Day ceremony. The index is down ~17.5% from mid-February’s record highs, and outside of the covid crash in 2020, the two-day performance on Thursday/Friday was the worst since the […]

April 5, 2025 | This Week in Money

• Ross Clark:  Stock Markets, Tariffs.  Special Offer! 25% Off New Annual Subscriptions!
• Rick Ackerman:  (14:45) Stock Market Correction, Bottom Targets. Special Offer!
• Mike Swanson:  (40:28) Stock Market Downturn, Gold, Silver.

April 5, 2025 | Tech Talk for Saturday April 5th 2025

The Bottom Line World equity markets were “Trumped” after the close on Wednesday. Equity indices around the world dropped sharply after the close on Wednesday when President Trump announced higher than expected tariffs on goods entering into the U.S. Weakness in world equity markets escalated on Friday when countervailing tariffs were announced by China. Other […]

April 4, 2025 | The Mar-a-Lago Accord Initiative is Already in Trouble

base because they were expecting a more gentle and nuanced approach. Could Trump’s tariff war produce good results? Source: Bloomberg, Bloomberg Chat On Thursday we learned that the stock market had not priced assets to fully reflect the impact of a new round of almost universal tariffs. But Trump and his advisors did not care […]

April 4, 2025 | Hits Keep Coming

Many people are now starting to realize (again) that they lack meaningful risk management and their financial health is in danger. The segments below offer some lucid economic observations. Wall Street economists predict a US recession this year and a return to pandemic-level inflation due to the Trump administration’s announcement of major tariffs on global […]

April 4, 2025 | How Do We Play This Bear Market?

Pretty much every “buy” recommendation in this newsletter has come with a version of this caveat: We’re in the late stages of a long credit expansion, which means a potentially brutal recession and/or bear market is likely imminent. So approach these stocks with caution. Don’t jump in all at once. Instead, add to positions in […]

April 4, 2025 | 20 Year Depression Could Follow This Post Bubble Contraction

Markets were due for a major correction, tariffs or no tariffs.  Special Offer! 25% Off New Annual Subscriptions!

April 3, 2025 | What Just Happened? Part 1: Gold and Silver Fall Hard

Gold and silver are being pulled down by a general equities bear market this morning. That’s not surprising, but the details are interesting. Some background: Rush to get gold to the U.S. halts abruptly with tariff exemption (Bloomberg) – A massive arbitrage trade that has drawn tens of billions of dollars’ worth of gold and […]