Jordan St-Pierre

Immigration Court Registrar, landlord, wishful financial advisor, gold bug; hopeful uranium bull. Libertarian. Catholic. Hard work beats pure talent everytime.

[Jordan St-Pierre @JordanStPierre3]

@_JordanDecker Powerplay isn't working. Laine should play next game.

[Jordan St-Pierre @JordanStPierre3]

Great segment.

[Martin Pelletier @MPelletierCIO]

PP @PierrePoilievre absolutely nails it. Every young person needs to watch this clip. h/t @Tablesalt13

[Jordan St-Pierre @JordanStPierre3]

@CineplexMovies The dark knight.

[Martin Pelletier @MPelletierCIO]

Why anyone would own Government of Canada bonds is beyond me.

[Jordan St-Pierre @JordanStPierre3]

@ColtStock $pypl thoughts on this earnings dip?

[Wall Street Mav @WallStreetMav]

Canada sold its gold holdings, reducing them from over 1,000 tons in the 1960s to virtually zero by 2016.

The policy to sell began in 1980, with the last sales in 2016, at an ave price of $120 per oz.

If those reserves were held today, they would be worth $161 billion today, leading many to label the sale a costly financial mistake, especially as other central banks buy gold.

[QE Infinity @StealthQE4]

This is what keeps me up at night

Let’s look at the macro:

Unemployment rate rising to 4.6%
Oil literally in free fall down to $55.
Jobs numbers -40k the last two months
Bankruptcies and default rates rising

All sounds deflationary right?

Yet the 10 year yield won’t move:

[Jordan St-Pierre @JordanStPierre3]

@KobeissiLetter Rate cuts doesn't solve this.

[zerohedge @zerohedge]

*POWELL: CONSUMERS AT LOWER END ARE STRUGGLING, BUYING LESS

But at least their electricity bills are soaring to subsidize chatbots

[🏴‍☠️ @calvinfroedge]

So best case you get mass unemployment so that we can keep the bubble going a bit longer.

Worst case we get some combination of 1984, the Matrix, and Terminator.

Why are we doing this again?

[Just.A.Thought 💭 @e_galv]

If you cannot see the correlation between:

-Mass layoffs
-Highest unemployment rates since 2009
-AI automation
-Government shutdown
-Snap benefits lapse
-The presence of National Guard/federal agents in US cities
-Digital ID

You have completely lost the fucking plot.

[The Great Martis @great_martis]

**GOLD**

RSI hits levels not seen since 1973. Price above the monthly Bollinger Bands.

More upside possible amid geopolitical and market risks, but vigilance is required as oscillators show signs of overheating.

Consolidation would be healthy.

Longer term, gold is heading much higher.

[Jordan St-Pierre @JordanStPierre3]

The NBA sucks. I'd rather go to the park and watch random people play. Zero interest in watching now and I love the sport.

[Adam Singer @AdamSinger]

Still thinking about this chart, wherein NBA is most concerned w/optimizing shots - at cost of entertaining gameplay - and since doing this viewership is down significantly. Is what happens when you let spreadsheet-brained NPCs run everything -music, movies etc all made boring

[Jordan St-Pierre @JordanStPierre3]

No AI bubble. Lol

[Daniel Koss @daniel_koss]

There is no AI bubble.

But there are many small bubbles of highly inflated expectations that simply won't meet reality.

Right now there's this idea that all "data center" builders like $NBIS $CRWC $IREN $CIFR $GLXY etc. are the same and people take their "contracted" capacity, slap the highest possible forward multiple on the highest margins imaginable and think it's an obvious arbitrage play.

It's NOT. The space is super attractive. But don't think for a second that all these companies are the same. They have different managements, different balance sheets, different skills, different access to capital and most of them have valuable resources but no hard moats, meaning they can get royally screwed and there are real risks.

I think both statements are true: a) the space will grow insanely quickly and is based on strong fundamentals b) many data center builders will leave investors burnt, because expectations are as if there will be no massive fails.

If you invest in these companies you shoukd absolutely do a lot of research and not just trust guidance blindly!

[Jordan St-Pierre @JordanStPierre3]

At some point equities need to go down. Either by the market seeing the over-valuation via earnings or if growth continues to accelerate, by bonds dropping like a rock.

This isn't goldilocks

[The Great Martis @great_martis]

Worse
Worsen
Worsening.

[Jordan St-Pierre @JordanStPierre3]

Math is math. Enjoy the fireworks.

[Common Sense Investor (CSI) @commonsenseplay]

For those who aren't away,

RGTI's stock price was $0.79cents a year ago.

It is now $42 dollars.

Over 50x returns while their revenue has went down and their own CEO said don't expected any meaningful revenue over the next few years.

Mass hysteria has entered the quantum market - this won't end well.

$rgti $ionq

[Jordan St-Pierre @JordanStPierre3]

Im a contrarian and I see dollar index up. Good thing I'm always wrong.

[The Great Martis @great_martis]

Dollar index.

As Europe faces severe headwinds, government turmoil, bond erosion, and rising debt servicing obligations, the dollar index is poised to rise in the coming weeks.

Hope this helps.

[QE Infinity @StealthQE4]

Just my opinion:

80% of Americans have been living in a severe recession barely scraping by for 2-3 years.

The stock market isn’t helping them. They don’t own any stocks.

I don’t know how this ends but the life is being sucked out of most of this country.

[Jordan St-Pierre @JordanStPierre3]

This stuff is absurd.

[Chubby♨️ @kimmonismus]

Matt Levine sums up the absurdity of the current economic situation; OpenAI and AMD have entered into a, well, interesting business and partnership.

[Jordan St-Pierre @JordanStPierre3]

@SantiagoAuFund I like Santiago. For nothing more than he expresses outside opinions and is a helpful sober second thought.

Berkshire will shine again.