August 26, 2023
Last week was as expected. The Republican debate was as expected (nothing happened). Jerome Powell’s speech at Jackson Hole on Friday was as expected (“The inflation fight is not over; I will raise rates further if needed.”). Also as expected, the end game is near for the “Magnificent Seven” stocks (AAPL, AMZN, MSFT, META, NVDA, […]
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August 19, 2023
The Yield Curve The Canadian Yield Curve remains significantly inverted, but the slope has eased, slightly: Here’s the difference between the 2 year and the 10 year yield: July 7, 2023 -1.231% July 14, 2023 -1.289% July 28, 2023 -1.164% August 18, 2023 -1.043% So, as you can see, the curve has shifted to the […]
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Interest Rates Have Peaked
October 7, 2023I’m calling it: interest rates have peaked. It’s all downhill from here. I’ll be more specific: The Canada 5 Year Government Bond Yield peaked at 4.461% on Tuesday, October 3, 2023, a 11:45 am. Here’s the chart: That’s crazy, you say. The trend is clearly upward. Yes, it is, but here’s my thought process: The […]