Santa 🇨🇦🇮🇹🇺🇦

Capital spending (read AI infrastructure) was the biggest driver of the GDP number. Consumer spending grew 3.8%, but how much of that was because prices are higher? "The US economy expanded in the third quarter at the fastest pace in a year." bloomberg.com/news/articles/…

Global #markets are mixed following disappointing earnings from Google and a hawkish tone to the Fed. #Gold lower.

Global #markets are mostly higher as investors await the #Fed and big tech #earnings. #Gold lower on rising #oil prices. (Sorry, forgot to send this out this morning)

US trade deficit widens (despite tariffs) to the most in 10 years... except for the months leading up to Trump's "Liberation Day" in early 2025. #trade #tariffs #economy

Canada and Greenland put up too much of a fight... so, settling for Venezuela.

Global #markets are mostly higher on renewed AI enthusiasm ahead of Anthropic's IPO and upbeat earnings. #Gold lower on a stronger US #dollar ahead of the Fed later this week.

Global #markets are mostly higher on falling oil prices as AI tech earnings and #Fed are in focus. #Gold higher.

Teck just announced a strike at it's Highland Valley copper operations. Another short-term supply hit. Not huge, but yet another. #copper teck.com/news/news-releases/…

Trump removing some 50% tariffs on Canadian products. Replacing them with a tariff on garbage ("waste products") and a couple of other minor products. wsj.com/politics/policy/trum…

Inflation in Canada ramping higher...

Global #markets are mostly higher on better-than-expected earnings reports but AI caution weighs. #Gold steady.

Home builders slashing prices.... Usually the sign of a strong economy, right? Builders slash prices on new homes as buyer traffic drops to 14-year low: on.mktw.net/4zMuVUV

Global #markets are mixed as gains from AI shares are offset by unrest in Europe. #Gold slightly higher ahead of the #Fed next week.

Anothe big inflation miss.... Producer prices in the US surged by 6.3% YoY, the most since Dec of 2022, and well above market expectations of 5.3%. It was an increase from the upwardly revised, 5.6% increase in the previous month. source: U.S. Bureau of Labor Statistics

Global #markets are mostly lower on AI buildout cost overrun concerns and Fed rate hike risks due to rising #inflation. #Gold higher on US dollar weakness.

Inflation ticking up and looks to be running hotter than expected.

Global #markets are mixed as AI related trade falters and investors await US bank reports. #Gold higher on a weaker US #dollar.

China keeps buying #gold ... cnbc.com/2026/10/12/china-go…

Recommending 5 to 15% weighting in gold. ‘What you don’t know is greater than anything you do know’: How Ray Dalio would build a portfolio to withstand a popping AI bubble: on.mktw.net/4hzZUgE

Everything's fine.... Debt delinquency in 2025 rose to highest level in 15 years, Fed report says cnbc.com/2026/10/09/american…