Maclean’s latest cover raises an uncomfortable question about Canada's economic future. Baby boomers have benefited from decades of rising home prices, stock market gains and wealth accumulation. Meanwhile, younger Canadians face increasingly difficult paths to homeownership, saving and building wealth. I think this divide also helps explain how the Liberals have managed to remain in power despite growing economic frustration. Those who already own assets have experienced a very different economy from those trying to get ahead. In my view, Canada lost considerable economic ground under Trudeau, and I have yet to see a meaningful turnaround under Carney. We continue to face concerns about job losses, struggling businesses, declining affordability and investment leaving Canada. Yet too much of the political conversation remains focused on virtue signalling and announcements rather than tangible results that improve people's lives today. We need policies that create jobs, attract investment, support businesses and give younger Canadians a genuine opportunity to build wealth. The real divide isn't necessarily boomers versus millennials. It's between Canadians who already own appreciating assets and those increasingly shut out of the opportunity to acquire them. 📰 Maclean's: "The Great Generational Rip-Off" (https://macleans.ca/longforms/the-great-generational-rip-off/) read more
What a way to end October. Friday was a bloodbath. Tech got sold hard, semis got sold harder, and the AI names took the worst of it. My own watchlist lit up red. Nebius down 10% on the day. Bloom down over 8%. Nvidia, CrowdStrike, everything in the growth book got hit at once. And look, I get why people are scared, but I keep coming back to the numbers we just saw this week, because the numbers and the stock prices are telling two different stories. Microsoft printed a clean beat. Azure grew 48%. Google Cloud grew 103%. AWS grew 39%, its fastest in almost five years, and Jassy is guiding to 40% plus growth in 2027 and 2028. Demand is not the problem. Demand was never the problem. What changed is what the market is grading. It stopped asking whether AI demand is real. Now it is grading the bill. The free cash flow. The capex. The dilution. Google printed negative free cash flow in the quarter. Amazon is at a $42 billion outflow over the last twelve months. Meta is raising equity. That is what got sold, not the businesses. So here is the question I keep asking myself. What is the bigger risk? These companies spending hard now and taking some margin pain while they build, or these companies protecting short term profits and waking up obsolete in three years? The companies that skipped the internet got left behind. The ones that skipped cloud got left behind. I know which mistake I would rather own. And the balance sheets are not broken. These are still some of the most profitable, cash rich businesses on the planet, growing revenue at rates most companies would dream of. They are just spending like it too. I am not saying the selloff is over. It might not be. And I am not going all in on a Friday close either, but when names I already own and believe in get marked down double digits in a week because the market changed what it is grading, I pay attention. That is usually where the opportunity sits. The buildout is real. The bill is real too. This week the market started pricing them separately. My job is to figure out which one matters more over five years. I already know my answer. Happy weekend and as always, happy investing ☕️🫶🏽read more
The battle for the world's biggest companies is heating up! Apple has climbed back to No. 1, pushing Nvidia to second place by market capitalization. 📈 🏆 Top 5 US Companies by Market Cap 🥇 Apple (AAPL) – $5.029T 🥈 NVIDIA (NVDA) – $4.941T 🥉 Microsoft (MSFT) – $3.875T 4️⃣ Alphabet (GOOGL) – $3.420T 5️⃣ Amazon (AMZN) – $2.598T 🔥 Apple is back on top, but Nvidia is right behind! The competition in the trillion-dollar club is getting intense. 👀 Who do you think will be No. 1 next year ? Apple, Google or Nvidia? 🍎💚read more
📈 The Bank of Canada raised its key interest rate from 2.25% to 2.50%. Its first hike in 3 years! 🔥 Inflation fears are growing, and further rate increases may be needed. 🏠 Mortgage costs could rise 💳 Borrowing may get more expensive 📉 Markets could feel the impact 💬 What do you think? Is this the right move to fight inflation? 👇🇨🇦read more
$LUNR appoints Christopher Scolese to Board of Directors. He worked as Director of the National Reconnaissance Office (NRO), overseeing America's intelligence satellite programs. He was also an acting NASA Administrator, leading NASA temporarily in 2009, and the director of NASA's Goddard Space Flight Center, overseeing major space science and satellite programs. Very interesting appointment that could lead to potential additional Department of Defense contracts in the near future.
Canada has lost a total of 110,000 jobs over the past two months, including 68,000 in September. Canada's unemployment rate also jumped to 6.5%. Not the be a bummer but Canada has gotten the worse of the trade war since it started. Something needs to give.
TOP 8 STOCKS TO TAKE ADVANTAGE OF THIS DRAWDOWN: 1. $NBIS Nebius Group 2. $ASTS AST SpaceMobile 3. $RKLB Rocket Lab Corp 3. $AEHR Aehr Test Systems 4. $AVGO Broadcom 5. $GOOGL Alphabet 6. $VRT Vertiv Holdings 7. $CRDO Credo Technology 8. $NVDA Nvidia Corp Anything else a must add?read more
Let’s close the stock market early today no? Nazzy -4% with the VIX +40% 😳 One of the worst days since April of last year.. erases nearly $1.9 TRILLION.. The storm always passes folks, always. We’re in extreme fear once again that means pick yourself up and start purchasing things you have conviction in, and yes not rented conviction.
