June 21, 2023 | Home Buyer Math is Bonkers for Most

Many homes for sale in our area north of Toronto are priced in the $2 million range–many have been on the market for months now. If we do some math, we can appreciate why. Online calculators allow us to model numbers. To buy a $2,000,000 home with 20% down (400k) at a mortgage rate of 4.99% […]

June 20, 2023 | Another Stunning OCC Report

The new Office of the Comptroller of the Currency quarterly OTC derivatives report for positions held as of March 31 was, once again, a stunner. First, a few words on background about the report. This report is published by the OCC, a unit of the US Treasury Department, designed to highlight the Over the Counter […]

June 19, 2023 | NATO – The Greatest Threat to Europe & the World

We have all seen those videos of Killer Whales playing with their prey before killing it. This is sadly what is taking place with NATO. All these people do is promote war. Russia has no intention of invading Ukraine. It was indeed a special operation to secure the Donbas. NATO knows that but constantly pretends […]

June 19, 2023 | Credit Slump

Happy Monday Morning! As mentioned in last weeks note, the great big housing boom is over. You see housing booms need credit, lots of it, to keep the wheels churning. The single largest driver of home prices over the past few years has been cheap and abundant credit. When money is basically free you tend to […]

June 18, 2023 | Frustrated Bear? Temporary Relief Is on the Way

When will the rampaging bull run out of steam? A good question, considering how Wall Street has been flouting a slew of good reasons for the broad averages to be at multiyear lows rather than revving up for a shot at new record highs. Two destructive juggernauts in particular are bearing down on the economy […]

June 17, 2023 | Trading Desk Notes For June 17, 2023

Central banks are determined to get inflation down The Fed and the ECB reminded markets again this week that they are determined to slow inflation, echoing recent statements from the BoE, the BoC and the RBA. The “explicit” message is that rates will stay higher for longer. The underlying rationale for current central bank policies is that rising inflation […]

June 17, 2023 | This Week in Money

• Ross Clark –  Stock Markets, Interest Rates, Canadian Dollar, Corn, Soy, Cocoa
• Eric Hadik –  (12:17) Cycles in Trading, Trends, Gold, Silver
• Wolf Richter –  (37:13) Interest Rates, Inflation, Commercial Real Estate, Auto Sales
• Zarko Meseldzija – (1:05:57) CEO of RecycLiCo™ Battery Materials Inc. on Company Showcase – RecycLiCo™ Battery Materials Inc. CEO Discusses Commercial Joint Venture with Zenith. Read the Latest News. Read Energy.gov Article – “Biden-Harris Administration Announces $192 Million to Advance Battery Recycling Technology“. Read Simply Wall Street  Article – “Companies Like RecycLiCo Battery Materials (CVE:AMY) Can Afford To Invest In Growth“.  Read Financial Times Article – “AI ‘Euphoria’ and EV Bets Drive South Korea Market Rally“. Watch – We upcycle cathode scraps and black mass into higher-value battery materials! Video  – The demonstration plant for the RecycLiCo™ Patented Process is now operational in Vancouver, British Columbia, Canada. Questions?  Email or Phone: 778.574.4444

June 16, 2023 | The Fed Remains Committed To Fighting Inflation

The Federal Reserve delivered a “hawkish pause” this week. The Fed funds rate was held steady, as the Fed continued to tighten monetary policy and suggested that further rate hikes are inevitable. Will the Fed stay the course until inflation is at its 2 percent target? The official statement says that the Fed is committed to a […]

June 16, 2023 | Stock Markets Showing Technical Excesses

Brace yourself for higher chocolate prices

June 16, 2023 | RecycLiCo™ Battery Materials Inc. CEO Discusses Commercial Joint Venture with Zenith

Read the Latest News. Read Energy.gov Article – “Biden-Harris Administration Announces $192 Million to Advance Battery Recycling Technology“. Read Simply Wall Street  Article – “Companies Like RecycLiCo Battery Materials (CVE:AMY) Can Afford To Invest In Growth“. Read Financial Times Article – “AI ‘Euphoria’ and EV Bets Drive South Korea Market Rally“. Watch – We upcycle cathode scraps and black […]

June 15, 2023 | Biden Wannabe Dictator? No Way.

Ep. 4 Wannabe Dictator pic.twitter.com/MDcs5g0gxB — Tucker Carlson (@TuckerCarlson) June 15, 2023

June 15, 2023 | Summer Solstice Could See Change in Markets

The Fed non-hike just part of market manipulation.  Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.

June 15, 2023 | The Fed Needs To Get Housing Prices Down

Long term high rates would clean out companies that need culling

June 15, 2023 | Inflation Could Really Take Off in a Few Years

Stock Market rise could end suddenly

June 15, 2023 | Gigantic Shit Storm, Zombie Borgs, Normieland

One of the worst Real Estate Crashes in history

June 15, 2023 | China First to Start to Lower Interest Rates

North American markets only higher due to manipulation

June 14, 2023 | Powell on the New Hawkishness in the Dot Plot and on Inflation: “We See that it Tells Us that We Need to Do More”

Renewed hawkish sentiments are building up at the Fed for the second half this year. That’s what we saw today. While the Fed kept rates steady today “to assess additional information and its implications for monetary policy,” the median projection in the FOMC’s infamous “dot plot” today calls for two more rate hikes this year, […]

June 13, 2023 | Disinflation Offers Cause For Pause

May’s US CPI at 4%–the lowest since March 2021–has increased the prospects of a Fed pause tomorrow; a July hike remains possible. But as I’ve pointed out for months, pauses are not bullish; historically, they’ve preceded the steepest part of economic and market downturns. The good news for consumers (but not corporate profits) is that recessions […]

June 12, 2023 | Full Cycle Bearings

The S&P 500 is up 11% YTD (below in brown); the Nasdaq nearly 33%; and the TSX is +2.5%. Under the hood, a 53% year-to-date average gain for the seven most expensive US tech companies has done the lifting (in green below since December 2022), while the other 493 S&P 500 companies (in orange) have […]

June 12, 2023 | The Firm Grip of Tiff Macklem

Happy Monday Morning! The Scotia guy was right, and the Bank of Canada delivered with another rate hike. It was only 25bps but the signal sent shockwaves through the bond market. It’s incredibly rare for a central bank to raise rates, pause, and then start hiking again. Pauses are almost always met with inevitable rate […]

June 11, 2023 | How Wall Street Thrives on Meaningless Data

The Biden Administration can count on Wall Street to celebrate meaningless economic data and bogus GDP growth with steep rallies, even as the visible economy continues to implode. It will become increasingly difficult to ignore signs of impending collapse, however, as anyone who lives in San Francisco could tell you. The city’s growing wretchedness is […]

June 10, 2023 | Trading Desk Notes For June 10, 2023

The S&P and the Vanguard Total Stock Market ETF (the VTI) made new highs for the year this week The S&P is up >22% from last October’s low. The VTI is up ~23%. The Nasdaq 100 is up ~40% from October’s lows. The rally in the benchmark indices continues to be driven by big gains in […]

June 10, 2023 | This Week in Money

• Ross Clark – Stock Markets, Dow, Oil, Gold, Silver, USD, Canadian Dollar
• Mark Leibovit –  (8:50) AI Mania, Stock Markets, Economy. Special Offer! Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF. 
• Ian Prittie –  (44:38) Canadian Real Estate, Inflation, Economy, HELOC

June 9, 2023 | Mission Accomplished?

A set of readily-verifiable facts have combined to point to a stunning conclusion, namely, that thanks largely to enough people doing the right thing, that the federal commodities regulator, the Commodity Futures Trading Commission, may have also finally done the right thing when it comes to the decades-old COMEX silver price manipulation. If my assessment […]