In case you missed it...
Canada is up 25% in 2025, driven by strength in financials and mining stocks: Source: J-C Parets, Trend Labs
How to interpret such news? A contrarian signal?
Source: WSJ thru Jim Bianco on X
Very interesting FT article "Economists favour Christopher Waller to lead Fed but expect Trump to pick a loyalist"
>>> https://lnkd.in/ewBs4dUv Academic economists overwhelmingly want Federal Reserve governor Christopher Waller to succeed Jay Powell as chair of the central bank next year — but few think he will get the job. In a FT poll, 82% of the economists surveyed chose Waller as their favourite to Fed Chair. However, just a fifth of the academics polled think he will succeed Powell in 2026. Instead, Kevin Hassett is seen as the man most likely to head the Fed. The split between who economists want to get the job and who they think will become the next chair reflects the fierce pressure the Fed has come under from US President Donald Trump.
S&P 500 - How does the rally compare to history?
-The 4th strongest rally vs all other bulls (82, 09, 20 were >). -The STRONGEST recovery excluding recessionary cases. At 116 days w/o a 6% pullback, the rally has gone farther than all but two early-stage bulls (1966 & 1957). Source: Warren Pies @WarrenPies, 3Fourteenresearch
A beautiful quarterly candles chart of silver
Source: Tavi Costa, Bloomberg
Trump posted this on Truth Social over the week-end.
Source: Jim Bianco
Gold was 21% of global assets in 1980. Today it's 5%
The financial universe got 4X bigger. Stocks, bonds, derivatives, crypto Sometimes the denominator is the story Source: Katsua Research
Government shutdowns all have the same cause:
Congress fails to approve new spending when previous spending bills expire. But their impact can vary based on timing, duration and quirks of the budget process that can make money available to some agencies but not others. Here's what shuts down in a shutdown - Bloomberg
