ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
May 21, 2023 | Did the Bear Rally Top on Friday?
Maybe. Yeah, right. A headline here just two weeks ago implied that stocks were about to go bananas: Why a Permabear Is Certain We’re Going Much Higher. Hubris aside, this was based on the very bullish chart of just one stock, Chipotle (CMG). It had just crossed the $2,000 threshold and appeared — still appears — […]
May 21, 2023 | Technology Turning
We often talk about technology’s influence on the economy. After the Strategic Investment Conference, though, I’ve decided that isn’t strong enough. It’s more correct to say technology is the economy. But when I use the word technology here, I’m not talking about the big, nifty eight tech companies that dominate today’s stock market. I’m talking […]
May 20, 2023 | Trading Desk Notes For May 20, 2023
The US Dollar rallied against virtually all currencies over the past two weeks The US Dollar Index hit a 20-year high last September but then trended lower (down ~12%) to support levels ~101. Net speculative positioning was very bullish on the USD leading up to the September 2022 highs. It had turned very bearish at the recent […]
May 20, 2023 | Is Zelensky Concerned About a Coup?
There are quiet whispers inside various EU governments that Zelensky should resign. Inside Ukraine, it was highly suspicious that in January, conveniently, Ukraine’s leading officials in the Ministry of Internal Affairs of Ukraine (similar to our FBI) charged with protecting the state and the people against illegal actions by those in power all died in […]
May 20, 2023 | Chinese Property Market in Turmoil Too
The segment below offers interesting insight into the Chinese real estate cycle as the easy credit era ends. Similar trends are happening around the world, all at the same time. The May Day Golden Week used to be one of the peak seasons for real estate sales in China. However, this year’s May Day holiday […]
May 20, 2023 | Tech Talk for Saturday May 20th 2023
The Bottom Line Lots of noise, typical for the month of May and the first three weeks of June! On the positive side, any stock remotely connected to Artificial Intelligence soared last week. The S&P 500 Index and NASDAQ 100 Index briefly touched nine month highs on Friday thanks to their technology equity content connected […]
May 19, 2023 | A Geopolitical Event Could Rock the Financial Markets
Geopolitical events can move markets, if only temporarily. Crises on a world scale frighten investors, causing them to make hasty decisions that can be harmful to their financial success. Could a geopolitical event cause investor panic? The history of geopolitical events shows that markets can survive most events without much trouble. For example, a […]
May 19, 2023 | The Gold Crash & Our Fate
COMMENT: Marty; Socrates is absolutely amazing. At the start of the year, you showed April as a key turning point in gold followed by May June. The weekly array projected this was the week for the Directional Change. There is nobody with a system like this, which brings to mind its forecasts for war. Ukrainians are […]
May 19, 2023 | Real Estate Icon Sam Zell: Right One Last Time
I’m old enough to have followed Sam Zell during the second half of his storied real estate career. And in that time he’s been right in a big way on the major financial turning points. At the bubble peaks of 1999 and 2007, for instance, he sold most of his commercial real estate and loaded […]
May 19, 2023 | Price Discovery Coming For Realty Sector
Historically it has been typical at the beginning of real-estate downturns for listings to decline as owners try and extend loans rather than sell properties at lower prices. That has happened over the past year with residential and commercial properties. At first, this suppresses inventory for sale and reduces price discovery, stalling the clearing process. […]
May 18, 2023 | Why Ukraine Must Lose to Save the World
QUESTION: Mr. Armstrong, I originally thought you were just a Putin supporter. Yet as time has gone by, it is becoming very clear that you are correct and that Zelensky is waging this war for the West to conquer Russia. His meeting with the Pope and rejecting his offer to mediate clearly established he will […]
May 18, 2023 | Some Thoughts on Tipping
In Ontario, the general minimum wage, including liquor servers, bartenders and waiters, is $15.50 per hour. In some areas of the US, the minimum wage for tipped services is, unbelievably, $2.13 per hour, the same minimum that was established in 1991. Tipping in the United States is on the rise, and experts are calling it […]
May 17, 2023 | Next Generation Money, Part 1: Texas Re-Imagines The Dollar
With all the (completely justified) angst surrounding central bank digital currencies (CBDCs), it’s easy to forget that the concept of digital money isn’t the problem. It’s just a tool like any other and can be used for good or evil, depending on who’s wielding it. Obviously, if a CBDC is managed by some combination of the Federal […]
May 17, 2023 | Durham Report Explained – Everything was a Lie
Special counsel John Durham revealed in his report that all American intelligence agencies knew the Trump-Russian collusion story was a lie. You can read the full 300-page report here. Hillary Clinton needed a way to take the heat off of her email scandal and was the mastermind behind this plot. The CIA and FBI knew […]
May 17, 2023 | US Debt Ceiling Crisis Smoke and Mirrors Circus
It’s definitely the time to bring out the clowns as MSM and much of the blogosfear are obsessed by the US debt ceiling smoke and mirrors circus that is being used as an excuse to explain potential market outcomes from a CRASH upwards, there is always a crash coming! And if the market soars then […]
May 17, 2023 | Squeezed by the Shorts: Time to Ban Short Selling?
Short sellers have made a killing in the recent banking crisis, scalping $14.3 billion from bank stock owners just in March of this year. Short sellers “borrow” stock they don’t own and immediately sell it, driving the price down. Then they buy it back at the lower price, return the stock, and pocket the difference. Bankers […]
May 17, 2023 | CDC Quietly Recalls all Johnson & Johnson COVID Vaccines in US
This should have made headlines across the world. The Centers for Disease Control and Prevention quietly told the US government to destroy all available Janssen/Johnson & Johnson COVID-19 vaccines. “Janssen COVID-19 Vaccine is no longer available in the U.S. All remaining U.S. government stock of Janssen COVID-19 Vaccine expired May 7, 2023. Dispose of any […]
May 17, 2023 | Outlook Sours on Tight Credit and Fewer Loans
The May 2023 Dallas Fed bank credit survey results were just released, and the data is recessionary. It’s not just consumer credit that’s in decline. Commercial and industrial loans have contracted at a 14% annualized pace since mid-March and loans to commercial real estate at a -4% annualized rate. See Banking outlook continues to deteriorate amid further […]
May 16, 2023 | The 37 Year Cycle
Well, Sports Illustrated just had to join the BudLight Woke Controversy. I suppose they could have put a Transgender on the cover. So it looks like they decided to stop short of that insanity and chose to put Martha Stewart who is 81 on the cover. Elle McPhearson, known as the Body, really saw her […]
May 16, 2023 | Becoming Invisible, Part 2: Other Ways They’re Tracking (and Manipulating) Us
Turns out that my original list of ways they’re spying on us was incomplete. Readers have been fleshing out the story: Robert Wilkins I would like to mention that Google owns 23 and Me, the genetic analysis service that many people give as presents to friends and family members or use themselves. They send in a gene sample […]
May 16, 2023 | Stressed Consumers Pulling Back
The segment below offers a good big-picture overview of the interplay between incomes, consumer spending, economic growth and home prices. Canadian data looks worse than the US, but, so far, Canadian banks have allowed negative amortization to compound principal higher where payments are insufficient to cover principal and interest payments. Many variable-rate borrowers have had […]
May 16, 2023 | Biden Nominates First Hispanic Woman to Fed Board – Who is She?
The headlines praise Biden for nominating the first Latina woman to the Federal Reserve’s board. None of the current headlines list her qualifications, which is a given since this administration favors diversity over experience. I, for one, would like to know more about the people being placed in positions of power since their nationality has […]
May 15, 2023 | Baby Boomers Helped Inflate Property Prices, Their Demise Suggests The Opposite
Baby boomers and two decades of rock-bottom interest rates drove a structural boost to housing demand as older buyers/investors sought bigger homes as well as recreational and rental properties. As interest rates have risen and boomers die off, the question is who will buy from them and at what price? The pandemic and a shortage […]
May 15, 2023 | Nowhere to Hide
Happy Monday Morning! Anyone following this newsletter since about January knows that the housing market has surged back to life. Inventory has fallen off a cliff at the same time buyer sentiment has rebounded, coinciding with the BoC’s Tiff Macklem taking his foot off the gas. In the GTA, home sales ripped 27% month-over-month in […]
May 14, 2023 | Oxford’s Protests Against 15-Minute Cities
Those who see what is coming are beginning to resist the Great Reset. Ultimately, their plan to create a one-world government will fail but it will take firm resistance. As one reader mentioned, English residents of Oxford began protesting the 15-minute city concept in March. Thousands of people took to the streets to protest […]