ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
November 28, 2023 | Study Examines Deaths After COVID Vaccination
A team of researchers wanted to review whether COVID-19 vaccine adverse events were linked to an increase in morbidity. The team looked at published necropsy and autopsy reports related to the COVID vaccine, and identified 678 studies including 44 papers containing 325 autopsy and necropsy cases. Three physicians peer-reviewed these deaths to determine if […]
November 28, 2023 | Where’s The Recession?
November 27, 2023 | The Business Cycle & National Debt
The US national debt has exceeded $33 trillion and counting. For decades, people have predicted that the dollar will crumble to dust and gold will rise to the moon. They have applied to the Austrian School of Economics to no avail. Then you have the opposite side pushed by economists like Nobel Prize-winning economist Paul […]
November 27, 2023 | Next Year’s Housing Crash, In Charts and Anecdotes
Signs are multiplying that the US housing bubble is about to pop. To start with the headline number, home sales are back at Great Recession levels: Declining sales are no surprise when viewed against a backdrop of the worst affordability in American housing history. The following chart explains why Boomers are such a cocky generation: […]
November 27, 2023 | More Firing than Hiring
Happy Monday Morning! Consumer prices eased in October, clocking in at 3.1% year-over-year, and down from 3.8% last month. This is welcome news for mortgage holders sweating over upcoming mortgage renewals. For Bank of Canada watchers, the BoC’s closely watched 3 month average core inflation measure dropped to 2.95%. We are getting close. Mortgage interest […]
November 27, 2023 | Bear Markets Bottom After Central Banks Near the End of Easing Efforts
As central banks resume easing in 2024, a bear market bottom should follow months later. Waiting for cyclical lows may feel challenging, but not waiting ends much worse. Here at the end of 2023, confidence in the economy and the financial markets is a lot higher than it was at this time a year ago. […]
November 26, 2023 | COVID-23 First Announced
Here we go again – the World Health Organization has requested information from China in regard to a new respiratory illness and clusters of pneumonia in children. Chinese authorities are blaming the lack of COVID-19 regulations/lack of continued government control in the name of public health. The WHO said that the “influenza-like illness” is […]
November 26, 2023 | The Survival of the Republic
Thanksgiving brings to mind not only turkeys, family, and friends, but also should help us recall the remarkable ideas and philosophies that helped shape, and indeed were, the foundation for the United States of America as a Republic. In that spirit, we will forgo for this week the series we have been exploring on cycles […]
November 26, 2023 | What Has AI Done for YOU Lately?
AI hubris has become America’s chief source of good news. Over the past year, artificial intelligence surpassed bitcoin as mankind’s most easily imaginable pathway to quick riches, shortened work weeks, ingenious solutions to every problem, and endless satisfactions. An AI-assisted world supposedly will revolutionize the way we do business, enabling high school graduates, even […]
November 25, 2023 | Trading Desk Notes For November 25, 2023
A man hears what he wants to hear and disregards the rest. Paul Simon, The Boxer Over the last four weeks, the DJIA is up ~3,000 points (~9%), the Nasdaq is up ~14%, and the Mag7 is up even more. The 30-year Treasury is up ~10 points from 16-year lows, and the US Dollar Index is […]
November 25, 2023 | Tech Talk for Saturday November 25th 2023
The Bottom Line Seasonal strength from late October until yearend by most world equity indices was extended last week.
November 24, 2023 | Is Gold A Manipulated Market?
Some readers responded to last Wednesday’s post on gold’s trading pattern (Gold: Resistance Is … Finite) with shock that I didn’t know gold is a manipulated market where technicals don’t matter. This gives us a good jumping-off point for a look at several forms of gold manipulation that have been practiced over the years: Wall […]
November 24, 2023 | Gold Is Due For A Rally
The price of gold jumped above $2,000 per ounce this week, as the market started to expect an interest rate cut in 2024. Gold and gold shares have performed well during recessions and during periods when the stock market sold off. The price of gold has performed well in the last seven recessions, when US […]
November 23, 2023 | The Shift to the Middle is Coming
All the media is so anti-common sense that anyone who dares to take any contrary view is called “FAR RIGHT” ads if they are Nazis. Never in all my years have I ever witnessed the mainstream media so FAR LEFT that they are destroying the very foundation of civilization, and they do not care. […]
November 23, 2023 | Even Higher for Longer if Markets Keep Fighting Central Banks, ECB’s Wunsch Explains. The Fed Has Same Problem
Rate-cut bets have been piling up and getting moved closer, as everything that central bankers say – no matter what – is either being interpreted as “dovish” or is being brushed aside. The “Powell-was-dovish” mantra has been getting spread across the internet after every FOMC press conference since June 2022. In early 2022, just as […]
November 22, 2023 | Gold: Resistance Is…Finite
The human mind likes big round numbers. Which is why, when a tradable asset is rising, sell orders tend to cluster in predictable spots. The frequent result is a repeating pattern of strong gains running into waves of selling that knock the price back down. Traders refer to this as “resistance,” and it’s maddening for […]
November 22, 2023 | FOMO Turning To Regret For The Majority of Households
As we head into the most-harangued shopping weeks of the year, it is important to understand that spending patterns are strongly tied to the value of homes, particularly among the so-called upper-middle-class households (defined as income over 100k). Now that interest rates have normalized and home prices are falling, even those still fully employed are pulling back […]
November 22, 2023 | Rule 2.13 – Isolation and Quarantine Procedures
The Appellate Division of the Fourth Judicial Department reversed the Borrello, Lawler, Tague, Uniting NYS v. Hochul ruling. Senator George Borrello, Assemblyman Chris Tague, Assemblyman (now, Congressman) Michael Lawler and the citizens’ organization, Uniting NYS had initially sued New York Governor Kathy Hochul and the New York State Department of Health over Rule 2.13 […]
November 21, 2023 | Reviewing Private Equity “Roll Ups” in the Health Care Space
The late, great zero interest rate era enabled the levered expansion of private equity (PE) firms, “rolling up” all manner of assets, including private businesses and professional practices. In areas like health care, where fiduciary duty is paramount, the profit-maximizing focus of PE raises some cause for concern. A lawsuit by the US Federal Trade […]
November 21, 2023 | Your First Gun
“Your only rights are those you can defend” — Thomas Jefferson or someone similar Many readers of this newsletter are already well-armed. If you’re one of them, this article is not for you — though you might want to check it out and post constructive criticism or pro tips in the comments. Anyhow, here goes: […]
November 20, 2023 | Here Comes the Kitchen Sink
Happy Monday Morning! The Canadian housing market is a funny thing. Despite a constant barrage of policy measures hoping to fix the crisis, affordability continues to deteriorate. As affordability issues deepen, policy measures are becoming more aggressive. Just to recap, over the past few years various levels of government have introduced a foreign buyers tax, […]
November 20, 2023 | Bear Market in 2024 – but Bonds Have More Fun
Facts and analysis without the product-pumping sell-side spin–rare and valuable. The overview in this segment is worth a listen. The world has watched intently as the world’s most influential central bank, the Federal Reserve, has implemented the most aggressive interest rate hike campaign in history — on a % change over time basis. But […]
November 20, 2023 | Videos Prove January 6 was an Inside Job
House Speaker Mike Johnson plans to release all of the hidden footage from the January 6 planned insurrection. We know from countless sources that the FBI was on the ground that day and hiding within the crowd. Ray Epps urged the protesters to go inside the building, and the following day, someone opened the […]
November 19, 2023 | Spike in Gun Sales – Public Confidence Wanes
Another indicator that the people have lost all hope in the public sector is the recent rise in gun sales across America. Gun sales rose 8.3% in the past year, according to the FBI National Instant Background Check System (NICS). Over 1.33 million guns were legally acquired in October alone. The people do not trust […]
November 19, 2023 | Celebrating the Wealth Effect’s Last Hurrah
Lacy Hunt, a gray eminence of the financial world and no doomsayer, was out with a Hoisington Report recently that should scare the pants off anyone concerned about the direction of the U.S. economy. His meticulously detailed take on a commercial real estate debacle that has been metastasizing for more than a year should dispel […]