One of Canada's biggest energy investors used to be 90% in Canadian energy.
Now David Szybunka at @CanoeFinancial is at 53%.
Oil stocks aren't keeping up with crude, which could mean the rally is running out of gas.
He still sees big money in energy, but you have to be picky.
His top plays are on the new episode (video at this link later today)
https://t.co/GQUBV7pahJ
EXCLUSIVE: Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street leaders to an urgent meeting on concerns that the latest AI model from Anthropic will usher in an era of greater cyber risk. https://t.co/d8eVXEzq5v
Already both the U.S. and Iran are claiming to have won the war and are negotiating about the negotiations. As explained in my recent note, it all comes down to who controls the Strait of Hormuz, which will have big implications around the world.
https://t.co/sa0Udz8lUO
BREAKING NEWS
BRAZIL’S CENTRAL BANK DOUBLED ITS GOLD RESERVES IN 2025.
GOLD IS NOW ITS SECOND-LARGEST RESERVE ASSET
A scramble for a neutral reserve currency.
The United States is marking 250 years of independence by placing the President’s signature on its currency.
A symbolic gesture.
But a potentially massive statement?
Reintroducing trust into the system itself.
Gold-backed bonds.
A proposed 50-year Treasury, convertible into gold at maturity... as put forward by @judyshel for July 4, 2026.
What better way to mark 250 years than returning to money written into the Constitution.
Gold.
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I want to explain in a nutshell why the US debt situation is at a very dangerous inflection point.
Put simply, the US is now spending 40% more than we’re taking in. This accumulation of debt service payments has spiraled over decades and is starting to squeeze away buying power.
And if you run the numbers, there’s an imbalance between how much debt has to be sold, who the buyers are, and the likelihood of it all being bought.
Together, these two influences are why I worry about suffering an economic heart attack in the near future.
@anushka_kurian Simplify messaging and find a leader who is in touch with the people. The Liberal brand is rich with history, and ripe for the right person to revive.