Markets pass the Nvidia test. Markets perceive peace ahead. Short-term positive bias in the markets. Canadian banks set to release earnings. Top end of their valuation. It is going to be difficult for them to continue strong outperformance.
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Brooke Thackray
3K posts
Brooke Thackray
@BrookeThackray
Disclaimer: Information is for educational purposes only and is not investment advice. https://t.co/oajWWuWvTN
Katılım Aralık 2014
253 Takip Edilen1.3K Takipçiler
Brooke Thackray retweetledi
We are currently seeing the fastest growth in US money supply in four years.
And again, let’s stop solely blaming the war for this:
Inflation is fundamentally a monetary phenomenon.
tavicosta.substack.com/p/inflation-is…
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Yes...this is interesting and sad for Canada. The brain drain is real. I have a number of friends with kids graduating from STEM university programs. The majority of them are looking to get jobs in the U.S.
Martin Pelletier@MPelletierCIO
TD report on CANADA's BRAIN DRAIN is really interesting. Canada is quietly losing its top talent to the United States in what economists call a silent brain drain. While Canada does a strong job educating highly skilled workers in STEM, engineering, and entrepreneurship, it struggles to keep them due to higher taxes that kick in at much lower income levels, limited opportunities to scale companies, weaker commercialization of ideas, and much better pay and growth potential south of the border. -> Talent leaves mainly through temporary US work visas rather than permanent moves -> Outflows are heavily concentrated among the highest skilled, especially in tech and advanced degrees -> Onward migration is worst among immigrants and top university graduates -> Canada has a missing middle of medium sized firms, relying instead on many tiny businesses and a few large ones -> Personal tax rates often exceed 50 percent in major provinces and apply at much lower thresholds than in the US -> Complex corporate tax rules push entrepreneurs toward tax planning instead of growth All of this weakens productivity, innovation, and domestic returns on education, making Canada a feeder system for the US economy REPORT: economics.td.com/ca-silent-brai…
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Walmart Tumbles On Disappointing Guidance, Warns Low-Income Consumers Drowning
I keep hearing this over and over. It also looks like the middle-income earners are having problems. High income earners have benefited from a rising stock market, providing the wealth effect and allowing them to keep spending...but this is on borrowed time.
zerohedge@zerohedge
Walmart Tumbles On Disappointing Guidance, Warns Low-Income Consumers Drowning zerohedge.com/markets/walmar…
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U.S. government 10year bonds are getting whacked. Everyone is very negative on gov bonds, but they have become oversold. Watch for improving performance.
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Nvidia earnings tomorrow after the bell....everyone waiting, but did you notice that the technology sector (XLK) just had a cross below 70 after being very overbought....not a good signal for the sector.
If Nvidia does not pump the technology sector higher, look for further weakness.
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The winner is Apple. Issuing long duration bonds at very low rates.
Lawrence McDonald@Convertbond
Colossal Losses - Duration Roughly $90–$110T in total global bond issuance (corporate + government/sovereign/SSA + commercial real estate/CMBS-related) took place from 2015 to 2021. Our Apple bond made a new low this week at a 52-cent-on-the-dollar handle; you can do the math.
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Love it. I will have to dive into the methodology etc., but great idea. I will track and mention where appropriate.
Daniel Foch@danielfoch
I always wished we had a Canadian version of @truflation, so I vibe-coded a "real" inflation tracker and calculator at realflation.ca Scrapes & tracks goods pricing in real time starting today, so the real-time tracking should get a bit better with time. I modelled it out over the last 40 years as well and backtested. This is v0 and literally just a random thing I wanted to pump out... so, feedback welcome.
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The problem is that it is going to take a few years to build permanent alternatives to ship oil and natural gas. Some capacity can be replaced in the short-term. Don't forget it is going to take 1-3 years to repair some of the damaged infrastructure. The big question is: is the world going to need substantially less oil because of an economic slowdown, which would offset some of the lost production....Despite a possible slowdown, there has probably been too much damage to offset in the short-term.
Dave Houston@DH_12
@BrookeThackray Actually gulf states are quickly developing bypass routes to hormuz. I think it's days as a choke point is slowly coming to an end.
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Ice Cream Friday - Market Melt-Up. Is the stock market about to stop melting up. Weekly Update. 2026-MAY-18.
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On a seasonal basis, June is the weakest month of the year over the long-term. Typically, lots of volatility. Could present an early seasonal buying opportunity.
Dave Houston@DH_12
@BrookeThackray Gold looks weak here. Especially AEM which has formed a large bearish H&S pattern on the daily.
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@BrookeThackray Thanks for the mention Brooke; excellent exposition!!!
👏👏👏🏆🏆🏆
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@RobertPBalan1 Gamma not for your Grandma.
In this video I give a quick overview of how the gamma squeeze has been driving the markets higher.
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Gamma not for your Grandma. In this video I give a quick overview of how the gamma squeeze has been driving the markets higher.
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Earlier this week I released the Thackray's Market Letter - May 2026. I discuss what is driving the markets and the current "Melt-Up" and how it can keep going...
alphamountain.com/wp-content/upl…
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I have posted this comparison before. Updated below. Many argue that this time is different...I am not so sure.
James Lavish@jameslavish
Can I say something?
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Brooke Thackray retweetledi
BREAKING: April PPI Inflation surges to 6.0%, well above expectations of 4.9% and the highest level since January 2023.
Core PPI Inflation rose to 5.2%, above expectations of 4.3%.
Both CPI and PPI Inflation are now officially at 3+ year highs.
Odds of rate HIKES are rising.
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Brooke Thackray retweetledi
BREAKING: April CPI inflation rises to 3.8%, its highest level since May 2023.
Core CPI inflation also rose to 2.8%, above expectations of 2.7%.
We are now experiencing post-pandemic inflation levels amid surging oil prices.
Odds of Fed rate HIKES are surging.
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Tech sector dominates again. Money pours into tech....can it keep going?
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