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April 25, 2026 | Trading Desk Notes for April 25, 2026

The S&P and Nasdaq surge to new record highs S&P futures fell ~10% from January’s record highs to March lows. The market turned higher on March 31 and is up ~13.5% at Friday’s close, a new record high. Nasdaq futures fell ~13% to March lows and rallied back ~15% to Friday’s close, a new record high. Semiconductors […]

April 25, 2026 | This Week in Money

  • Ross Clark:  Stock Markets, Oil, Precious Metals, USD, Canadian Dollar, Bitcoin.
  • Victor Adair: (10:32) Stock Markets in the Time of War, Precious Metals.
  • Rick Ackerman:  (41:49) Dow 100,000 points by the end of President Trump’s term, AI layoffs.
  • Allan Angell: (1:04:07) Real Estate, Aboriginal Land Claims by the Canadian and BC Governments.

April 24, 2026 | Google is Tracking Your Life – Photo Cloud Feeding AI System

  There was a time when your photo album sat in a drawer, private, personal, and disconnected from the outside world. Privacy no longer exists in the modern world as personal data will become the key tool of control, and now Google is taking the next step by turning your memories into fuel for artificial […]

April 24, 2026 | World Has Faced Serious Energy Crunches Before

Even Trump now down with psychedelics

April 23, 2026 | Europe Turns on Turkey as the War Cycle Expands

  I have warned that once geopolitical tensions ignite, they do not remain contained, and what we are now witnessing is the steady expansion of conflict lines as Turkey is being recast from a strategic NATO partner into a geopolitical threat by the very alliance it once helped anchor. The European Union has now openly […]

April 23, 2026 | Classic Set Up for Sell in May Go Away

Natural Gas and Aluminum could be next big surge

April 22, 2026 | Big Questions: What Is The Dollar Collapsing Against?

Among the recurring questions subscribers submit, the most common involve the concept of “dollar collapse.” A prominent stockbroker, in fact, recently posed a version of this question in a note to his customers: When [analysts] warn that fiat currencies are dying, the logical follow-up question — one that almost never gets answered — is: dying […]

April 21, 2026 | Canada Turns Against Its Lifeline While Its Leader Invests in It

  Mark Carney has now openly declared that Canada can no longer rely on the United States, stating that the relationship has become a “weakness” rather than a strength. Roughly three-quarters of Canada’s exports go to the United States, tying the two economies together in a way that cannot simply be undone by political rhetoric. […]

April 20, 2026 | Spain Embraces the “Great Replacement”

Lately, conservatives have been accusing their political opponents of weaponizing immigration by letting in millions of undocumented immigrants, who then vote to keep their benefactors in power. The ostensible goal? A one-party state with Third World demographics. The left (Democrats in the US, socialists in Europe, and state-run media everywhere) have dismissed this accusation as […]

April 20, 2026 | Birthed in a Bull Market

Happy Monday Morning! If you thought last year was a tough year for the Canadian housing market, 2026 is shaping up to be even worse. Per CREA, national home sales slowed to a trickle in Q1, with the weakest start to the year since 2009. As my friend Ben Rabidoux with Edge Analytics notes, if you strip […]

April 19, 2026 | Mining is Hard: When Governments Demand a Bigger Cut

Governments, by their nature, are always starved for revenue. Most of the time, they respond by raising taxes on their subjects’ income or real estate (see New York’s “pied-à-terre” tax). But sometimes they go after foreign investors, like miners, who, they claim, are making too much money. This can be a game-changer for those mines and […]

April 18, 2026 | Trading Desk Notes for April 18, 2026

The leading stock indices surged to new record highs this week S&P futures closed green for 14 of the past 15 trading days, rising ~13% to new all-time highs. Half of those gains came this week. The market gapped down 100 points on Sunday afternoon following “no agreement” at the Islamabad peace talks, but then soared […]

April 18, 2026 | This Week in Money

  • Ross Clark:  Stock Markets, Gold, Silver, Oil, USD, Canadian Dollar, Bitcoin.
  • Ted Dixon: (9:34) Iran War, Canada, AI.
  • Jim Willie:  (42:48) Canada, Greenland, Cuba, Oil, Gold, Copper, Cryptocurrencies.

April 17, 2026 | The Hang Seng index is in a unique bear market

Remember the investors who saw what nobody else could see in 2007? There may be another moment like that unfolding right now — this time in Hong Kong. The Hang Seng Tech index is dirt cheap today and the companies leading it are doing well in their businesses even as they trade at extremely low […]

April 17, 2026 | Home Ownership vs Rent and Invest

The history of super equity bubbles and collapses

April 16, 2026 | The Rise of AI in Payments Is Not About Convenience

  Visa has just unveiled a new suite of artificial intelligence tools designed to overhaul how credit card disputes are handled, and once again this is being presented as a simple evolution toward efficiency and improved customer experience, yet when you step back and examine the scale of what is unfolding, this is clearly part […]

April 16, 2026 | Silver and Copper Have Huge Potential Growth

Is Oil actually still “cheap”?

April 15, 2026 | Canadian Bank Regulator Cites Rising Loan Defaults as Number One Risk

As of January 2026, 3.1 million Canadian mortgages, or 52 percent of all outstanding, were due to renew by the end of 2027, according to the latest report from the Office of the Superintendent of Financial Institutions (OSFI). Of these renewals, 1.3 million are fixed-rate mortgages or variable-rate mortgages with fixed payments that will be […]

April 14, 2026 | Used EV Market Exposes the Cracks

Reports indicate that a wave of used EVs is beginning to hit the market as leases expire, forcing automakers to rethink how they handle pricing and inventory. What was once sold as the inevitable future is now a dud cause with minimal demand. When those vehicles return to the secondary market, they must compete on […]

April 13, 2026 | Shortages Create Gluts

Happy Monday Morning! As we have highlighted previously, the rental market is undergoing a significant correction, and it appears poised to continue. The city of Vancouver saw 2300 purpose-built rental units completed in 2025, the highest in four decades! Source: Daily Hive Keep in mind this is completions. We still have a pipeline full of […]

April 13, 2026 | The Quiet Rise of Capital Controls in America

  What most people fail to understand is that governments do not lose control overnight. They lose it gradually, and then they respond in stages. First comes rising debt. Then comes higher taxation. When that fails to produce the expected revenue, the next step is not reform. It is restriction. We are now entering that […]

April 12, 2026 | AI Layoffs: Prisoner’s Dilemma + Red Queen = Unavoidable Depression

Academia is starting to analyze “AI layoffs,” and the result is not pretty. A recent study seems to conclude that another Great Depression is unavoidable. From an X post summary, with a few links added for context: Two researchers from UPenn and Boston University just published a paper called “The AI Layoff Trap”. They proved something terrifying.. Every […]

April 12, 2026 | Prop Desk Crooks Take an Unscheduled Breather

It is neither bulls nor bears who move the markets, but crooks, mostly. Spectacular but fleeting rallies draw nearly all of their buying power from panicky short covering that is easily triggered and deftly harvested. I have previously discussed this phenomenon, which is most visible when stocks take unseemly leaps at the opening bell. Although […]

April 11, 2026 | Trading Desk Notes for April 11, 2026

Global stocks surge higher as Iran war escalation risks fall At the end of March, the S&P was down ~10.5% from January’s record highs (blue ellipse), but has since rallied over 7% as the market priced in a reduced risk of escalation in the Iran war. Notably, the market began to rally five days before Trump’s latest escalation […]

April 11, 2026 | This Week in Money

  • Victor Adair:  Stock Markets, Oil, Gold, Silver, Currencies.
  • Josef Schachter: (11:11)   Energy Market, Iran War, EV’s, Lithium-ion Batteries, Private Debt Market.
  • John Rubino:  (51:51)  World Economy, Oil Prices, Solar Energy, Electric Vehicles, AI Data Centres.
  • Hilliard MacBeth:  (1:15:39) Iran War, Canada’s Condo Market.
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