ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
July 24, 2024 | Housing Is Seriously Rolling Over
Let’s start with the fact that the average American can’t afford the average house. Not even close: Houses have been unaffordable for a while, but for a while, “investors” — i.e., private equity companies with access to cheap credit — took up the slack, sometimes buying entire neighborhoods and converting the houses to rentals. Now […]
July 23, 2024 | Early Sign of a Downturn in CA Home Prices
Everybody knows where we’ve been. Let’s see where we are going. History shows that extremely low housing affordability in CA tends to precede market downturns, as occurred in 1980, 1989, and as shown below, 2006. I see no reason why this time will be any different. But Fear Not, Fellow Investors In […]
July 23, 2024 | Canada’s Economy Feels Like a Recession
Canada’s June unemployment rate of 6.4% was up 160 basis points from the cycle low of 4.8% in June 2022. Since the 1970s (as shown below courtesy of RBC), Canada has never had this trough-to-peak rise in the unemployment rate without the economy going through a recession (blue bars). The increase following the 2000-03 dotcom […]
July 22, 2024 | Zelensky Prepared for a Trump Presidency
Donald Trump has guaranteed to end the war in Ukraine if elected president, vowing to do so before his first day in office. The recent outpouring of support for Donald Trump has led world leaders to consider the possibility of a second Trump presidency. Perhaps no one would dread a second Trump term more than […]
July 21, 2024 | Tax Code Change for Emergency Retirement Withdrawals
Low-income Americans are in such dire straits due to the elevated cost of living that lawmakers are making changes to the tax code. No, naturally, the politicians are not voting to decrease taxes for those who can barely get by. Instead, they’re permitting Americans to pull a mere $1,000 out of their retirement accounts without […]
July 20, 2024 | Trading Desk Notes For July 20, 2024
Risk assets had a key turn date When several markets reverse course on or around the same date, I define that as a Key Turn Date (KTD). It signals a (profound) change in market sentiment/psychology/positioning. My favourite barometer of risk sentiment is the S&P 500 Index. S&P futures (and the cash market) closed at a record […]
July 20, 2024 | This Week in Money
- Ross Clark: Stock Markets, Gold. Special Offer! 25% Off New Annual Subscriptions.
- Eric Hadik: (9:56) Stock Market Cycles, Gold, Silver, USD, Cryptos, Oil
- Hilliard MacBeth: (45:07) Gold, Inflation, Real Estate, EVs
July 19, 2024 | The Fed will Cut Rates Too Late in This Cycle
Anticipation ahead of the U.S. Federal Reserve’s first rate cut is growing. Traders are betting on a first quarter-point cut at the meeting on September 17-18 as the most likely date, with more cuts to come later this year in November and December. But traders are wrong in thinking that rate cuts are good for […]
July 19, 2024 | Why Short Term Rates Should Be Your Nightmare
A suggested safe haven to protect from market crash
July 18, 2024 | Home Buyers Still on Strike even as Mortgage Rates Drop to Lowest since March. But Refis Jump to Highest since Aug 2022
The average conforming 30-year fixed mortgage rate during the latest reporting week dropped to 6.87%, the lowest since mid-March, according to the Mortgage Bankers Association today. Not so ironically, two things happened, as the MBA also reported today: Applications for mortgages to purchase a home fell to the lowest point since early June, as potential […]
July 18, 2024 | What Will Likely Trigger Next US Recession?
Today’s Stock Market much like 2000 dot com bust set up
July 18, 2024 | Trump Inside Job, Vaccine Problems, Poison
15 Minute Cities, Pedos, Modern Slaves
July 18, 2024 | Are Stock Markets Setting Up for a Major Crash?
Will Gold protect you if markets crumble?
July 18, 2024 | Are the Latest Stock Market Bumps Manipulation?
Bitcoin becoming a new market indicator? Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.
July 17, 2024 | US Total Stocks Rose 11.1 MB Last Week -This Should Put Pressure on Crude Prices
The Republican National Convention is on this week and all of Trump’s former Presidential opponents are singing kumbaya and circling the wagons to get a fully united party to win the Presidency, the Senate and a large majority in the House. His surviving an assassination attempt last week has added to his messianic support. A […]
July 16, 2024 | “They” Will Do Anything To Win
“We’ll know our disinformation program is complete when everything the American public believes is false.” – William J. Casey, CIA Director (1981) The always mysterious question when trying to figure out what is happening in this insane world and why it is happening is who are “they”? In the current chaotic atmosphere, “they” are in […]
July 15, 2024 | Assassinations & Markets – Divided We Stand
The attempted assassination of former President Donald Trump is reverberating around the world, to say the least. Domestically, it depends if you are a Democrat or a Republican. Each camp naturally views the event through their personal view of the world, which is basically unchangeable. If aliens landed from another planet and started wiping […]
July 14, 2024 | Summer Doldrums It Ain’t
The dog days of summer have returned with a vengeance to Florida this year, especially in my home. The air conditioner’s condenser coil sprang a leak, which is hardly unusual considering that it’s eight years old. What is unusual, and causing more than a little inconvenience, is that the broken part will take a month […]
July 13, 2024 | Trading Desk Notes For July 13, 2024
Do you believe in mean regression? The NAZ is up ~50% from last October’s lows, 100% from the 2022 lows, and >200% from the 2020 lows. It’s up ~20X from the 2009 lows. At what point does mean reversion kick in, or does that never happen? The S&P has closed higher for 11 of the past […]
July 13, 2024 | This Week in Money
- Ross Clark: Stock Markets, US Inflation, High Tech, Small Caps, Russell 2000, TSX, Cocoa, Uranium. Special Offer! 25% Off New Annual Subscriptions.
- Victor Adair: (20:30) Stock Markets, Currencies, Yen, Oil, Inverted Yield Curve, Recession
- Tony Mitchell: (1:20) Director of Marketing for RecycLiCo™ Battery Materials on Company Showcase – RecycLiCo’s Taiwan Joint Venture Generates Revenue Ahead of Expectations. The Difference Between Black Mass and Black Powder. Read the Latest News. Watch Roundtable Video with Sandy Munro, Jason Fenske and Norm Chow. Norm explains the difference between Black Powder and Black Mass: “RecycLiCo Battery Recycling Q&A with Engineering Explained & Kemetco Research“. View RecycLiCo’s Company Presentation.
July 12, 2024 | The Most Splendid Housing Bubbles in Canada, June: A Rate Cut, and? Overall Prices Don’t Move, -14% from Peak, -3.4% YoY. Sales -9.4% YoY
The Bank of Canada cut its rates at the beginning of June, and not much happened in the Canadian housing market. Home sales rose by 3.7% in June from the beaten-down levels in May, seasonally adjusted. But year-over-year, home sales were down 9.4%, a sharper year-over-year decline than in May (-5.9%). New listings rose by […]
July 12, 2024 | The Advantages of Buying Junior Gold Stocks
Hints the stock markets are heading for a fall correction
July 11, 2024 | The Clinton-Harris Ticket
Polls are already asking voters whether they would support Hillary Clinton as president. Even international news outlets are posting this information. When did Hillary suddenly enter the race? Democratic firm Bendixen & Amandi conducted a poll to see how the public would respond to a Clinton presidency. Of the 86% of respondents who watched the […]
July 11, 2024 | RecycLiCo’s Taiwan Joint Venture Generates Revenue Ahead of Expectations
The Difference Between Black Mass and Black Powder. Read the Latest News. Watch Roundtable Video with Sandy Munro, Jason Fenske and Norm Chow. Norm explains the difference between Black Powder and Black Mass: “RecycLiCo Battery Recycling Q&A with Engineering Explained & Kemetco Research“. View RecycLiCo’s Company Presentation. Watch – We upcycle cathode scraps and black mass into higher-value battery materials! Video […]
July 11, 2024 | Does AI Deserve All the Money It’s Getting?
Will AI make you more productive or just take your job?