ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
March 14, 2025 | Civil War in the UK?
I just watched a disturbingly plausible video about the rising odds of a UK civil war. The source is David Betz, a professor of “war in the modern world” at King’s College, London. He recently published an article titled Civil War Comes to the West in Military Strategy Magazine, in which he claimed that multiculturalism and mass immigration […]
March 14, 2025 | Interest Rate Cuts Won’t Be Enough To Save The Canadian Economy
Canadian central bankers cut their official rate by ¼ of a percent on Wednesday this week. But that won’t be enough to boost the economy in the face of higher tariffs and repeated threats from the U.S. President. How bad will the downturn get? Tiff Macklem and his colleagues at the Bank of Canada did […]
March 14, 2025 | Lessons From China (and Japan)
China’s economy is slowing. Amid weak borrowing, slack investment, deflationary pressures and uneven growth, the evidence points to China slipping into a “balance sheet recession”—a phenomenon our guest, Richard Koo, first diagnosed during Japan’s lost decades of the 90s, and then identified in the financial crises of both Europe and the U.S. The former New […]
March 13, 2025 | WTI Prices Lift As US Consumption Rises 5.1% Last Week.
President Trump freaked out stock markets with his on-off switch of new tariffs and threats against the US’s key trading partners. Canada is getting the brunt of these social media attacks. Trump threatens, then trade negotiators from both sides get to work on the details and persuade Trump to relent and there are reverses in […]
March 13, 2025 | Canada to Take Over for USAID?
Canada has agreed to fund woke programs abandoned by USAID. As the nation grapples with a barely functioning government and cost of living crisis, the Canadian government is funding what it believes to be a top priority – implementing LGBTQ programs in a Muslim nation. Canada’s Minister of International Development, Ahmed Hussen, announced that […]
March 13, 2025 | Canada Between Rock and Hard Place
As expected, the Bank of Canada (BoC) cut overnight interest rates by 25 basis points yesterday, lowering the banking system’s base rate to 2.75%, the lowest since September 2022. In his prepared statement, BoC Governor Tiff Macklem struck a grave tone, saying, “We’re now facing a new crisis. Depending on the extent and duration of new […]
March 13, 2025 | Market Update: Key Levels, Tech Rebounds & Apple’s Warning Sign
On Wednesday, March 12, 2025, U.S. stock markets closed with mixed results. Tech stocks led the gains, with Tesla climbing 7.59%, Palantir rising 7.17%, and Nvidia advancing 6.42%. In contrast, consumer stocks lagged, as Target fell 4.86%, Procter & Gamble declined 2.74%, and Walmart edged down 2.56%. The S&P 500 and NASDAQ Composite saw a rebound, but until proven otherwise, […]
March 12, 2025 | Gold Porn, Part 2: It’s a Real Bull Market
Gold (and now silver) are starting to do things not seen for over a decade. And the resulting charts are just gorgeous. Some recent examples: Foreign central banks are moving out of US Treasuries and into gold: Overindebted countries are cranking the money printing up to panic levels: Gold and silver are responding with identical […]
March 12, 2025 | Brazil Clears Section of the Amazon Ahead of the COP30
Over 50,000 people are expected to attend the COP30 climate summit this November in Belém, Brazil, where world leaders will concoct new ways to weaponize carbon usage against the people. Brazil’s president touted that it is historical since it is “a COP in the Amazon, not a COP about the Amazon.” Not only will […]
March 11, 2025 | Canada & the 51st State
QUESTION: Hi Marty, Many in Canada seem to be taking President Donald Trump’s talk about making Canada the 51st US state seriously. We have Canadian leaders claiming it is a serious threat and part of a plan. “President Trump wants to put us into a state where we are much more weakened economically in order […]
March 11, 2025 | Markets in Motion: S&P 500 & Bitcoin in Focus
Following up on yesterday’s update, the S&P 500 closed lower again today, though the decline was far less severe than yesterday’s bloodbath. Some of the Magnificent 7 stocks actually closed in the green today. The market downturn continues to be driven by escalating trade tensions between the United States and Canada. President Trump initially announced […]
March 11, 2025 | Extremes Go Both Ways- It’s Called Mean Reversion
And, it’s gone…the widely owned Magnificient 7 stocks (Apple, Microsoft, Nvidia, Amazon, Meta, Alphabet A, and Alphabet C), down a collective 20% from recent highs, have given back their Trumphoria election gains (see pink bank below, courtesy of my partner Cory Venable). The downdraft to date is Apple -15%, Microsoft -19%, Nvidia -27%, Amazon […]
March 11, 2025 | Interview with Maxime Bernier
People’s Party of Canada
March 10, 2025 | Timing
Happy Monday Morning! Just last week we highlighted the growing desperation in the new construction market where pre-sales are struggling, and unsold inventory is piling up across the country. This is particularly true in Canada’s two largest major metros of Toronto and Vancouver. In 2024, Toronto pre-sales hit 30 year lows. A stunningly bad figure […]
March 10, 2025 | Housing Downturns Lead the Worst Recessions
Real estate, the most widely owned and highly leveraged asset class globally, has historically led the deepest economic downturns. Has a housing bubble ever burst without devastating pain across the economy and society? Unfortunately, not. It is far better not to pump real estate bubbles with government incentives and excessive monetary stimulants in the first […]
March 10, 2025 | When Valuations Collide…
“Stock prices have reached what looks like a permanently high plateau.” —Yale economist Irving Fisher 12 days before Black Monday in October 1929 “Wall Street indexes predicted nine out of the last five recessions!” —MIT professor Paul Samuelson in 1966 Last week, we explored the Crestmont Stock Market Matrix and its insight into the drivers of stock […]
March 10, 2025 | DOGE Uncovers Another $3B Wasted on Climate Change
Sunnova Energy, a solar panel company based in Texas, has filed for bankruptcy. It is not shocking for a solar panel company to go under as the demand is simply not there. Upfront costs could range into tens of thousands and it takes years to see actual savings. The Biden Administration spent more than […]
March 9, 2025 | It’s All About Buying Those Dips
I’ve written here before about how the broad averages have struggled to go lower during what could turn out to be the initial phase of a bear market. Many traders, particularly greenhorns too young to have never experienced a bear market, appear to be buying each step of the way down. They could do so […]
March 9, 2025 | Europe Preparing for War To Conquer Russia
The European Parliament President Roberta Metsola has completely sealed the fate of Europe and its desire for self-destruction. She is now claiming that it is Ukraine that is defending Europe against a full-scale invasion by Russia. Ukraine is fighting for the security of Europe. This is the image that Metsola is promoting to […]
March 8, 2025 | Trading Desk Notes for March 8, 2025
Current positioning: On Friday, March 7, I bought the S&P and shorted the Yen, Gold and T-Note calls. I held those positions into the weekend. See the short-term trading section below for more detail. A weaker US Dollar and a weaker US stock market The S&P (my favourite risk barometer) closed lower for three consecutive weeks, […]
March 8, 2025 | Rhyming History: The 1990s Dot-Com Bubble
After World War II, the US and its allies were worried about staying in touch during a nuclear war. So they (I’m vastly over-simplifying here) created networking protocols and tools that eventually became the Internet. At first, these links were limited to scientists and the military. But as the tech was refined, it became clear […]
March 8, 2025 | Top Ukrainian Journalist Calls for Assassination of Trump
Even the NY Times is starting to report that Ukrainian media paints a winning image of their war to kill every Russian on the planet. This is Karp;iak’s TV show which spurts out nothing but Ukrainian lies and propaganda. This is a war no different than World War II, when the Ukrainians were engaged […]
March 8, 2025 | Tech Talk for Saturday March 8th 2025
The Bottom Line Seasonal weakness in U.S. equity markets continues: Analysts continue to lower earnings estimates for large cap U.S. companies. A possible temporary shutdown of U.S. government finances looms prior to expiry of the debt ceiling on March 14th. Seasonal influences historically have bottomed in the second half of March. Technical signs of a […]
March 7, 2025 | About That: Canadian Debt and Defaults
Despite cooling inflation, a falling interest rate and steady employment numbers, more and more Canadians are missing payments on their loans and mortgages. Andrew Chang explains what’s going on. Here is a direct video link. Also worthwhile, see Can the US Auto Industry Survive without Canada? President Donald Trump says he wants every car sold in the […]
March 7, 2025 | President Trump is Demanding More Defense Spending from NATO Countries
President Trump mused recently that NATO members should be spending 5 percent of their GDP on defense. This new goal is a large increase from the current target of 2 percent of GDP. Trump has also claimed that NATO member countries have failed to pay their dues to NATO. But countries do not “pay money […]