Spooky

Would you consider an ETF? I like this Vanguard Canadian High Dividend Yield Index ETF: https://www.vanguard.ca/en/product/etf/equity/9560/vanguard-ftse-canadian-high-dividend-yield-index-etf Roughly 15.6x p/e and 3.55% dividend yield. Includes a lot of the big name companies.

Could the recent sell off be related to a potential government shutdown? There is a deadline this Friday to pass something and the senate needs votes from the Democrats who want to see some reforms around DHS / ICE.

Some interesting charts on AI from Torsten Slok at Apollo: https://go2.apollo.com/e/1047283/-c-utm-campaign-EXT-DailySpark/3jfs6/449348711/h/6hfwpqGGo1PM6-MIzzK2-tmtXbWzWreLG4iRY2dzZxY

I always said crypto bros are gold bugs they just don't know it yet.

Maybe there is a case for Berkshire. It seems much to quiet given the leadership change.... flying under the radar?

+1. Problem is this can keep going for longer than you would expect.

+1. I haven't dug too deep on Adobe but basically everyone still uses it all the time. My partner is an architect / interior designer and she says there is no alternative to photoshop for now.

My man. I feel the same way. Gold and silver are behaving like meme stocks! Some software companies are going to prosper, just have to find the right ones.

He's closing up shop.

Agree that there isn't an alternative to the USD as the reserve currency. Europe won't be able to sell all their US treasuries / stocks anyway since most are all held by a diverse set of private actors. Dumping these assets will also just hurt them as well.

I don't believe this is true in the US but I'm not as good at this stuff as gfp or wabuffo.

I agree. Europeans dumping US stocks and bonds en masse would hurt them. But taking action around the margins could still weaken the US.

Some more interesting facts from the FT: for all its military and economic strength, the US has one key weakness: it relies on others to pay its bills via large external deficits. Europe, on the other hand, is America’s largest lender: European countries own $8 trillion of US bonds and equities, almost twice as much as the rest of the world combined. European Nato countries own $2.8tn of US Treasuries alone, and with Canada it rises to $3.3tn. That’s more even than China’s official holdings, whose trove of Treasuries has long been considered a potent potential geopolitical weapon.

New research indicates Americans bear 96% of U.S. tariff costs, with foreign exporters absorbing only 4% by lowering prices. https://www.wsj.com/economy/trade/americans-are-the-ones-paying-for-tariffs-study-finds-e254ed2e?st=KDq6YQ&reflink=desktopwebshare_permalink

If only more of this anger against Europe could be directed at Russia or China. Seems to me those are the real "problem".

I mean the leader of NATO called Trump "Daddy". Trump and half his cabinet are going to Davos.

NATO already feels dead. The trust is gone and it will be hard to replace. The trade deal with China is a direct result of the US's irrational trade decisions. The US undermining itself, it is shooting itself in the foot. Xi and Putin must be waking up with a smile everyday.

Well said. Europe needs to stop kissing Trump's ass and start playing hardball. It is the only thing he respects.

War is peace. Freedom is slavery. Ignorance is strength

What happened to the "Don't Tread on Me" crowd? Unaccountable masked federal agents terrorizing the country and snatching people off the street, where is the outrage?

I miss when he was constrained to 140 characters by Twitter. His rants are so long I can't even read them.

True. I have been posting way too much!

Interesting. What goes into the Atlanta Fed GDPNow estimate? Wondering why the spike. Greg Ip at WSJ making a case the administration wants to run the economy hot: https://www.wsj.com/economy/trump-wants-to-run-the-economy-hot-theres-a-good-chance-hell-succeed-85244f23?st=knyvJs&reflink=desktopwebshare_permalink Inflationary forces to pick up again?

I sent you the data on jobs for 2025. GDP looks OK but not amazing, mostly a result of data centre construction. Bank earnings disappointing. I wouldn't say the tariffs are putting you in a better economic position than you would have been without them. Would be better for you to scrap them.

Trump has 3 years left on his term. You are advising people to just sit on their hands and let him do what he wants? Look how much damage he has caused already in the 1st year of his term.