Cory Venable BHSc, CMT

Principal, Market Analyst & Portfolio Manager Venable-Park Investment Counsel Inc., Dad, Ex. Military/U.N Peacekeeper & Immunology rookie.

[Cory Venable BHSc, CMT @CoryLVenable]

Not sure why this is so shocking to folks...the data is all around us. h/t @FroehlichThors1

[Thorsten Froehlich @FroehlichThors1]

I mean - guys - this is real
since 1 April 2021, post COVID

(1) Savings rate dropped 90%
(2) Credit card balances up 28%
(3) # of credit cards up 62% (more credit cards / capita)

[Cory Venable BHSc, CMT @CoryLVenable]

Investors of all kinds... h/t @SoberLook

[Cory Venable BHSc, CMT @CoryLVenable]

Perspective. h/t @michaeljburry

[Cassandra Unchained @michaeljburry]

Adjusted for inflation, the SpaceX, Anthropic and OpenAI IPOS will raise as much or more than the 300 internet and TMT IPOs did in 2000.
$SPCX #Anthropic #chatGPT #SpaceX #openai

[Cory Venable BHSc, CMT @CoryLVenable]

@ISABELNET_SA Thanks for posting insightful data! Happy 🐪 Day!

[Cory Venable BHSc, CMT @CoryLVenable]

Still one of the most informative charts on the web! Given so many consumers order goods online this data is quite telling. h/t @ISABELNET_SA

[ISABELNET @ISABELNET_SA]

🇺🇸 S&P 500

The Truck Tonnage Index remained unchanged in April. Historically, the S&P 500 tends to increase in line with the physical size and expansion of the US economy
👉 https://t.co/yIk7SZYp6p

#truck #trucking #freight #equity #stockmarket $spx #spx #stocks

[Danielle Park @kdaniellepark]

https://t.co/4V5PW46f5k Truth about 'investing'
The segment below offers some real talk about the madness that passed as investing savvy in Canadian real estate over the last decade. Until the 'easy money' tide goes out, most have no idea how ill-advised and self-destructi...

[JTheretohelp1 @JTheretohelp1]

This isn’t fear or trepidation. It’s full blown euphoria.

Call volume has reached moronic levels.

Good luck to anyone who even tries telling me that this time is different.

It’s not. And frankly, it’s difficult to even have a rational conversation about what we’re witnessing.

[ISABELNET @ISABELNET_SA]

🇺🇸 Valuations

US stocks are no longer cheap by any stretch. Valuations are rich, with most measures running over two standard deviations above history. "Cheap" is not in the market's vocabulary right now
👉 https://t.co/14i5SQVCfd

h/t @dailychartbook @SoberLook $spx #spx

[Cory Venable BHSc, CMT @CoryLVenable]

A must listen for anyone open to hearing from someone with nearly 5 decades of market experience.
Enjoy! h/t @HenrikZeberg

[Henrik Zeberg @HenrikZeberg]

But.... "Digital Code"...? And multi-year Bull Market...?

[Tansu Yegen @TansuYegen]

So true☹️

📹 vetoshkin.evgeniy

[Cory Venable BHSc, CMT @CoryLVenable]

@EPBResearch Great job Eric. Glad you're back in the seat where you belong! Onwards...

[Cory Venable BHSc, CMT @CoryLVenable]

A must read piece of research from Eric...Enjoy.
h/t @EPBResearch

[Eric Basmajian @EPBResearch]

https://t.co/otAVlBjP72

[Hedgie @HedgieMarkets]

🦔Microsoft canceled its internal Claude Code licenses this week after token-based billing made the cost untenable, even for a company with effectively infinite cloud resources. Uber's CTO sent an internal memo warning the company burned through its entire 2026 AI budget in just four months. American AI software prices have jumped 20% to 37%, and GitHub (owned by Microsoft) is dropping flat-rate plans for usage-based billing across its products.

My Take
The AI subsidy era is ending in real time. The same company that put $13 billion into OpenAI and built the Azure infrastructure powering most of Anthropic's compute just looked at the bill from a competitor's coding tool and decided it was not worth paying. That is not a productivity failure on Anthropic's end. Token-based pricing is forcing every enterprise customer to confront the actual cost of running these models at scale, and the number turns out to be far higher than the flat-rate experiments suggested.

This ties directly to my Gemini Flash post yesterday. Anthropic, OpenAI, and Google all raised effective prices in the last six months. Enterprises that built workflows assuming AI costs would keep falling are now watching annual budgets evaporate in months. Two outcomes look likely from here. Either enterprises scale back AI usage to fit budgets, which slows the revenue ramp the labs need to justify their valuations ahead of IPOs, or the labs cut prices and absorb the losses, which makes the unit economics worse at exactly the wrong moment. Both paths land in the same place, the numbers stop working, and somebody has to take the writedown.

Hedgie🤗

[Cory Venable BHSc, CMT @CoryLVenable]

Love this!

[Kalani o Māui @MauiBoyMacro]

Headlines you never see at market bottoms.

H/T: @DarioCpx

[Cory Venable BHSc, CMT @CoryLVenable]

Current market...

[Tom McClellan @McClellanOsc]

This is not a healthy development to have NDX component stocks' drawdowns getting worse.

[Cory Venable BHSc, CMT @CoryLVenable]

Oh come-on that's a rich kids bike it has freakin shocks!! We did this without shocks, O.K, it didn't work out very often and front rims folded like a cheap suit BUT, we did learn how to re-build our bikes over and over.

[Super 70s Sports @Super70sSports]

Shout out to the guy on the porch who watched this entire scenario unfold and just sat there.

[Cory Venable BHSc, CMT @CoryLVenable]

If your investor "Spidey-sense" is tingling it's because you know something's not right with market valuations...this chart may help confirm your feelings. h/t @FroehlichThors1 and @HenrikZeberg

[Thorsten Froehlich @FroehlichThors1]

I think this is one of the most powerful charts featured in @HenrikZeberg and @valentin_macro 's recent article - meanwhile, the semis loading the next round (KOSPI and friends).

[Danielle Park @kdaniellepark]

https://t.co/3Ut4plHnyS Treasury yields take the wheel
Market interest rates have been climbing as the Middle East conflict puts upward pressure on oil prices and inflation expectations.

The US Bureau of Labour Statistics reports that consumer prices rose 3.8% in April,...