March 13, 2026 | AI’s Power Hunger

  The biggest constraint on artificial intelligence is not chips, software, or capital. It is electricity. Now the tech giants are finally admitting it. Seven major companies, including Amazon, Google, Microsoft, Meta, OpenAI, Oracle, and xAI, have signed a pledge committing to supply or finance their own power generation for the massive AI data centers […]

March 13, 2026 | Trump Gambles on War with Iran

Trump’s Iran Gamble Could Trigger an Oil Shock 20 percent. That is the share of global oil supply that normally passes through the Strait of Hormuz, the narrow shipping channel between Iran and Oman. If Iran keeps that chokepoint blocked, the consequences for inflation, interest rates and the global economy could be severe. The recent […]

March 13, 2026 | The Warning Sign that the Market is About to Crash

Will Gold rise if US Dollar becomes chronically firm?

March 12, 2026 | US Inflation Looks Tame for Now — But That May Not Last

  The latest CPI report for February 2026 came in largely as expected, and, on the surface, Washington will likely celebrate the numbers. Consumer prices rose 0.3% for the month and 2.4% year-over-year. Core CPI, excluding food and energy, rose 0.2% for the month and is running at 2.5% annually. By the standards of the […]

March 12, 2026 | Market Proving Dow 50,000 was a Bull Trap

Room for Bitcoin to grow

March 12, 2026 | Stock Markets Showing Signs of Topping Out

Copper market confusing

March 11, 2026 | Canada’s Housing Crisis Shows the Consequences of the Easy Money Era

Canada’s housing market has become one of the most expensive in the developed world, and the affordability crisis continues to worsen despite rising interest rates. Mortgage payments as a share of household income are now near record levels, leaving many first-time buyers completely priced out of the market while existing homeowners face significantly higher borrowing […]

March 11, 2026 | Oil Companies the Big Iran War Winners

Uranium and fertilizer could be the next big things to soar higher

March 10, 2026 | Fuel Costs Tax Everyone

Last week’s near 35% spike in the price of oil (WTIC) was the biggest gain in futures trading history, dating back to 1983 (shown below, courtesy of Bespoke Investment Group). After closing at $90.90 a barrel on Friday, the price rose to $119.48 intraday yesterday, then slumped 15% to $80 this afternoon. That’s still up 47% […]

March 9, 2026 | Upsetting the Apple Cart

Happy Monday Morning! Last week we wrote a piece titled ‘Landmark Agreements’ in which the Federal Government signed an agreement acknowleding aboriginal title for the Musqueam First Nations across most of Metro Vancouver. It was a “Landmark Agreement” according to the Feds, yet received zero mainstream media coverage. Why it received so little coverage we’ll […]

March 8, 2026 | Zuckerberg’s Huge Branding Problem

[Your editor is taking a busman’s holiday in San Francisco. Although trading touts will update as usual and I’ll be active in the chat room, this commentary and the next come from the archive. You can judge for yourself whether they were sufficiently on-target to still be relevant. RA] Stocks looked leaden as the week ended, […]

March 8, 2026 | Has the Great Taking Begun?

If you (like me) keep mixing up Blackstone and BlackRock, you can relax now. They’re both in serious financial trouble, so you can assert that either is “imploding” and be more-or-less right: BlackRock fund limits withdrawals as redemptions rattle private credit (Reuters) – BlackRock (BLK.N) said on Friday it has limited withdrawals from a flagship debt fund […]

March 7, 2026 | This Week in Money

• Ross Clark:  Stock Markets, Oil, Gold, Silver, Copper, USD, Canadian Dollar, Bitcoin.
• Martin Straith:  (11:55) Stock Markets, Oil, Strait of Hormuz.
• David Brett:  (46:23) Mining Industry, Aboriginal Land Claims.

March 7, 2026 | Tech Talk for Saturday March 7th 2026

The Bottom Line Start of the war against Iran had a significant negative impact on world equity markets last week. By the end of the week, intermediate term technicals for world equity markets had deteriorated from Overbought to Neutral levels. Despite international and political influences, analysts raised 2026 cash flow and earnings estimates for S&P […]

March 6, 2026 | Existing US Home Sales Collapse Despite Falling Mortgage Rates

    Existing home sales just delivered one of the clearest signals yet about the true state of the housing market in 2026, and it is not the rebound narrative the mainstream keeps promoting. The latest data shows that existing-home sales fell 8.4% in January to a seasonally adjusted annual rate of just 3.91 million […]

March 5, 2026 | Europe Is Building a Digital Identity System for 450 Million People

The European Union is quietly constructing what may become one of the most sweeping digital identity systems ever attempted. Under new legislation, every EU member state must provide citizens with a government-approved “European Digital Identity Wallet” by 2026. This system will allow people to store official documents, verify identity, access government services, sign legal contracts, […]

March 5, 2026 | Could New Gulf War Cause Stock Market Crash?

Is the US already in a recession?

March 5, 2026 | Even Without War, Markets Would Have Been Bumpy

All metals will likely do better than stock markets right now

March 4, 2026 | Great Nations Do Not Fight Endless Wars

  “Great nations do not fight endless wars,” Donald Trump said during his campaign when highlighting his “Americas First” message. Trump explicitly promised to maintain peace and keep American troops out of foreign wars. American blood has been shed in the Middle East once more amid Operation Epic Fury. Could this escalating war cause MAGA […]

March 3, 2026 | Recession Watch: Is Private Credit The New Subprime Mortgage?

Oil has been one of the worst-performing commodities lately, due mostly to rising US production and relative peace in the Middle East. Well, that peace ended with a bang last weekend, and oil has erased its price declines. Higher gasoline prices are likely to follow. While oil was spiking, pretty much everything else tanked on […]

March 2, 2026 | Landmark Agreements?

Happy Monday Morning! While everyone was busy following the enormous geopolitical events unfolding in the middle east, a subtle news release from the Federal Government went largely unnoticed or perhaps intentionally burried, despite having (potentially) significant ramifications for nearly all of Metro Vancouver. The Musqueam Indian Band and the Government of Canada signed a Rights Recognition […]

March 1, 2026 | The Coming Crisis: Fingers of Instability

This letter is a little different. I am indeed working on my book about what I believe is a coming crisis by reviewing five different cycle theories. They all arrive at a similar scenario from different points of view, but they all suggest a crisis occurring sometime around the end of this decade or perhaps […]

February 28, 2026 | Trading Desk Notes for February 28, 2026

Here’s how markets were pricing tensions ahead of the attack on Iran Nymex front-month WTI futures closed at a 7-month high of ~$67 on Friday, up ~23% from December’s $55 low. (WTI had trended lower from ~$95 in September 2023 to the December 2025 low, as supply appeared to grow faster than demand).   COT data shows […]

February 28, 2026 | This Week in Money

• Ross Clark:  Stock Markets, Magnificent Seven, Gold, Copper, Uranium, Oil, USD, Canadian Dollar, Bitcoin.
• Victor Adair:  (10:20)  Stock Markets, US Iran War, Oil, AI.
• Rick Ackerman: (39:00) Tariffs, Employment, AI.