As I have been saying, it's time to buy the dip. But what to buy? The answer may surprise you. Just look down at your feet. A chilling 'AI Bubble' narrative is suddenly dominating the investing zeitgeist. NVDA will report earnings tomorrow, and fear and loathing are already priced in. Despite last month's hyped-up Investor presentation that featured CEO Jensen Huang's "half a trillion" backlog revelation, over the past two weeks, the stock erased the Pavlovian rally it experi

Today is not the day to talk about the stock market. It is a day to remember those who have fallen in the service of protecting our freedom. Here is a poem written by my 9-year-old grandson. As a new generation relearns this lesson, it gives me hope that the sacrifice of our veterans will never be forgotten. Lest we forget.

So, as a good contrarian would do, I'm buying. One could be excused for not paying attention to the market this year. With your Social Media feeds crammed full of political news, it has been hard to pay full attention to the bull run that started in April. However, "Independence Day" marked the low point for the cycle of economic deceleration caused by previous Fed rate hikes. The massive investor sentiment hit that resulted is still in repair mode. A couple of scary headline

I've never met a metaphor I didn't like. I was reminded of this after hearing from an old Bay St. friend this week - (sorry, DM, but you are old now). The Goldman Sachs market note he sent used the term 'beachball underwater' to describe the current state of the stock market. I was cited by my pal as the originator of the term, despite the lack of any confirming evidence. I probably heard it from somebody else back in the early part of my career. It was perhaps an ex-floor t

You may be asking - What dip? Last week, I posited the possibility of a shallow dip. We got one - sort of, unsatisfactory as it was. But it did exhibit all the necessary attributes. Sentiment declined sharply. The VIX spiked. Bonds outperformed stocks. Financial fraud made front-page news. All that this correction lacked was magnitude. The market is undefeated when it comes to confounding the consensus. The seasonal weakness was pretty temporary. Earnings are now back in the

Having watched prices surge this year, investors might be wondering what gold is saying. Is it higher inflation expectations stemming from tariff-induced price hikes? Is it the threat of regional conflicts spilling over into global wars? Is it the de-globalization of trade creating demand for alternatives from foreign central banks? Is there rampant profligacy of government spending as populist policies expand debt-to-GDP ratios? Answer: a) Yes. ___

This market is so over. I'm not sure what the catalyst is, but the exhaustion phase is here. Canada's most-watched index, the TSX Composite, is the most overbought it has been in the last 20+ years (chart below), relative to the 200 day moving average. So what are you guys waiting for? A bell never rings at the top or bottom. Most turning points creep up on you without warning. XIU ETF % Above 200 DMA Additionally, there is a lack of volume confirmation in conjunction with th

The third rail of monetary policy, after you have taken care of inflation and unemployment, is financial stability - or lack thereof. It...

A battery left unattended will deplete its charge unless it is attached to a device known as a trickle charger. Providing a small amount...

Alloy: when two metals are brought together to form a composite, like copper + zinc = brass Brass in Pocket: a British slang term for money in your pocket So another one bites the mining dust. Having watched the Canadian mining industry for over 40 years, one thing is clear - we will never have a Canadian-controlled global mining champion. After once declaring "Canada is not for sale," Norm Keevil is throwing in the towel, just like so many Canadian mining managers before him