IT'S TOO EASY TO WRITE BEARISH PIECES

This morning global equities are spiking higher on news that Macron and Le Penn will proceed to the second round of the French election. U.S. stocks are up more than 1%, while European equities are flirting with up 4%. What’s...

THE WORLD'S WORST MARKET TIMER

Today’s post is about the recent Canadian government measures to cool the scorching Toronto housing bubble, but the lesson about government ineptitude will be universal, and I am confident, shared by everyone. By now, most non-Canadians have heard of Toronto’s...

THE BEST UNKNOWN INDICATOR

Lately there has been all sorts of chatter about the collapse of Chinese Iron Ore prices. There can be no denying, the chart looks like death. A move from 95 to 65 is more than 30%. Given it happened in...

THE REAL MESSAGE FROM THE GDXJ MESS

In what seems a lifetime ago, I was the equity index trader at a big bank on Bay Street. Although a lot has changed since then, there are parts of the game that are timeless. So I am putting my...

BRITISH POUND - GIDDY UP

British Prime Minister stunned markets this morning by announcing her intention to call a snap election for June 8th. Figuring that she would have to face re-election anyway before BREXIT negotiations were complete, and given she is currently leading in...