Trading Desk Notes For January 22, 2022
01/24/2022 10:51 AMThis was the worst week for the leading stock indices (including the TSE) since the February/March 2020 meltdown Market sentiment is extremely bearish, and markets are extremely oversold. Significant “technical support” levels have been broken. With the markets...
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Quote of the Week, Shocking Stat & Goofy Award
01/23/2022 11:56 AMQuote of the Week Lyn Alden, one of the top macro investment analysts will anger some people with her observation that when it comes to taking action on climate change - the emperor has no clothes. Shocking Stat Is the healthcare debate over the use of private care...
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Mike’s Comment – Jan 22nd
01/23/2022 11:45 AMGo figure. Polls say that Canadians' biggest worry is rising prices but many of the same people support climate policies that are guaranteed to push prices...
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January 22nd Episode
01/22/2022 8:26 AMThe bond markets crumbling, stocks are falling - why? Davis Rea's chief strategist John Johnston joins Mike to talk about the dramatic shift in the investment environment while Ozzie talks about the impact of higher interest rates on housing. The quote of the week is...
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Cryptocurrencies tumble, with bitcoin falling 10% and ether down 13%
01/21/2022 1:21 PMBitcoin prices fell sharply on Friday, while ether prices also dived, wiping off nearly $150 billion from the crypto market. Bitcoin fell about 10% and was trading near $38,330 on Friday, according to Coin Metrics. Ether, the second-largest cryptocurrency by market...
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An Indonesian 22-year-old makes $1M by selling NFT selfies on OpenSea
01/21/2022 12:54 PMAn Indonesian college student has reportedly become a millionaire by selling nonfungible token (NFT) versions of his selfies on the OpenSea NFT marketplace. Sultan Gustaf Al Ghozali, a 22-year-old computer science student from Semarang, Indonesia, converted and sold...
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Canada Sees Oil Investment Rise 22% In 2022
01/21/2022 12:04 PMInvestments in crude oil this year in Canada could rise by as much as 22 percent, according to the Canadian Association of Petroleum Producers. While this is an improvement over 2021, the expected spending total of US$26.2 billion (C$32.8 billion) is still much lower...
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Tilbury LNG plant expansion moves to environmental assessment phase
01/20/2022 11:42 AMThe FortisBC Tilbury natural gas plant has moved ahead another step towards expansion. Both the federal and provincial governments decided last week to move forward with environmental assessments of the proposed project to build a new storage facility and expand...
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Bank Of Russia Calls For Ban On Crypto Mining And Trading
01/20/2022 11:28 AMLike many governments, Russian financial regulators have had a complicated relationship with cryptocurrencies. Back in October, Russian leader Vladimir Putin praised cryptocurrencies as a possible tool to help dismantle the global dollar-based financial system. That...
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Bank of America predicts Tesla’s EV market share in the US will drop to 19% in two years
01/20/2022 10:59 AMTesla has dominated electric vehicle (EV) sales in the US. The Texas-based automaker held a commanding 79% share of the EV market in 2020. That number dropped a bit in 2021, down to 66.3% through the first half of the year, according to registration data from...
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