Not much to say. Still bullish, but slightly less frenetic action in the market. We will have to wait for all assets to correct to see significant softening, since they all seem connected at present..gold, $CAD, stocks, RE, oil and commodities.
BTW here is the bubble graph I have posted before and Larry Yatter's graph of Vancouver average prices. As you can see it looks like make or break time!
Relax, it's just a mid-cycle expansion
-
The market adopted a risk-off tone when headline Q1 GDP came in lower than
expected at 1.6%, compared to an expected 2.5%. More importantly, core PCE
rose ...
22 hours ago
They look like a photocopy of each other. Beautiful. You should make and sell T-Shirts of it.
ReplyDelete