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Do you like watching me Tweet about lines on charts?
Well, now you can watch me draw them live.
Excited to announce the first ever #MagicLines stream today on YouTube at 2:30 PST
Give my account a follow on there and turn notifications on! See you all soon!
🚨Canadian banks under pressure.
BMO, TD and CIBC have negative amortization on a FIFTH of their mortgages.
Rates need to come down.
Or principal will keep rising in a down market.
Big problem.
Bonus: I'm once again excited about crypto and web3, for the first time in a long time. This easy, fast, and cheap onboarding will be huge for mass adoption. Trust exchanges or not, they are necessary, at least for now. And Coinbase works.
Okay @jessepollak, you win. I was really hesitant about using CB Wallet. I didn't use the CB exchange because they had higher fees than other exchanges in Canada and were quite restricted as they previously didn't meet regulatory requirements. 1/6
I'm honestly seriously impressed with this smooth onboarding. A few weeks ago my parents asked if they should get into crypto and I said honestly no, because they were bound to just get angry and lose their funds for a simple mistake. Now, I would def recommend it. 6/6
We have an action packed week ahead in markets!
Today:
- Case-Shiller and FHFA home price index
- Consumer confidence index
- Rental vacancy rate
Tomorrow:
- ADP Employment report
- S&P and ISM manufacturing reports
- Fed funds rate and Daddy Jerome
Friday:
- Unemployment
Every time I read some weekend column about a boomer struggling to retire on $100,000 a year and a multi-million dollar home, I'm reminded that my retirement plan is to die in the climate wars.