Jim Laszlo

I am a Financial Advisor from Vaughan Ontario Canada. Enjoy travelling and the outdoors! Go Raptors and Go Leafs!

[Jim Laszlo @JimLaszlo]

You could win $7,000 and consider funding a TFSA. https://t.co/7dqZifShoX

[Jim Laszlo @JimLaszlo]

TFSA, RRSP or FHSA: Which savings account is best for you? https://t.co/5CDnWPmtyd

[Jim Laszlo @JimLaszlo]

https://t.co/JkzaPleXbp

[Jim Laszlo @JimLaszlo]

Financial Post https://t.co/oRO3NBMwet via @

[Jurrien Timmer @TimmerFidelity]

The earnings picture has continuedto provide support for this now 40-month old bull market. With Q4 earnings season soon wrapping up (with 425 companies having reported), 75% have beaten estimates by an average of 773 bps. The dollar estimate has improved by $4, which is similar to the past few quarters.
With valuations taking a back seat to earnings, the P/E ratio for the S&P 500 hasn’t moved much in recent months. This has allowed equities to grow into their multiples.

Valuations are high but justified by fundamentals. At a 3.9% implied equity risk premium (iERP), the market is certainly not cheap, but once we normalize for tight credit spreads and growing margins, the valuation picture seems justified.

[Jim Laszlo @JimLaszlo]

@"Visibility Improves Above the Clouds"https://t.co/W15DigW3Cq on @LinkedIn

[Jim Laszlo @JimLaszlo]

Have I been scammed? Protect yourself from these 4 cons. https://t.co/Cb0V03oF9W

[Jurrien Timmer @TimmerFidelity]

Finally, Bitcoin fell to $60k last week, which is in the support zone that I suggested a few months ago when I wrote that another 4-year cycle bull market had likely ended.

A decline to “only” $60k would be relatively shallow for a Bitcoin winter, but as the commodity currency matures, its ups and downs should become less dramatic. It’s anyone’s guess whether $60k is the low, but my guess is that it is, and that after a few months of backing and filling the next cyclical bull market will get underway. Based on the mathematical harmony of past cycles, which of course are not a guarantee of future cycles, my sense is that any future waves could eventually take us to new highs.

[Jim Laszlo @JimLaszlo]

Canadians are starting retirement planning as soon as their 20s. Here’s why - National | https://t.co/baP15puxZe https://t.co/Nm1c1WAjqs

[Jim Laszlo @JimLaszlo]

What you need to know about the 2025 RRSP contribution limit| Fidelity Canada https://t.co/5YvA9G69PP

[Jim Laszlo @JimLaszlo]

Two-fifths of Canadians confused about RRSPs: poll https://t.co/jX69rb3Dle

[Jim Laszlo @JimLaszlo]

@kbieksa3, it was Lloyd Christmas, not Harry Dunn who said, “so your telling me there’s a chamce” but close enough!😂

[Jim Laszlo @JimLaszlo]

Bank of Canada rate pause: What mortgage holders should know - BNN Bloomberg https://t.co/48jKw1fPEB

[Jim Laszlo @JimLaszlo]

Bank of Canada rate decision: What economists expect - BNN Bloomberg https://t.co/WZE3NUhFYX

[Genevieve Roch-Decter, CFA @GRDecter]

S&P 500 had one of best November performances in 100 years!

Lots happened this week. Let’s recap:

- S&P 500 had one of best November performances in 100 years, up +8.9%

- Elon Musk claims advertisers are trying to ‘blackmail’ him, says “Go f*ck yourself”

- Legendary investor Charlie Munger dies at 99. RIP to an investing GOAT 🙏

- U.S Q3 GDP grew +5.2%, more than prior estimate (+4.9%) and the fastest in 2 years

- Canada’s economy unexpectedly shrank -1.1% in Q3

- Tesla begins Cybertruck deliveries (first new model in 4 yrs) starting at $60,990

- U.S ISM manufacturing index shrank for a 13th straight month in Nov. (worst stretch in 2 decades)

- SEC Spot Bitcoin ETF potential approval window is between January 5th - 10th 2024

- Cyber Week hits record sales (5 days from Thanksgiving to Cyber Monday) of +$38 billion (+7.8% YoY)

- Cathie Wood $ARKK had best month ever since its founding up +30% in November

- CZ resigns as Chairman of Binance

- Billionaire Ken Griffin has said that Miami could overtake New York as a financial hub

- Ability of US households to cover an unexpected $2,000 expense is at the lowest level in a decade

- Apple is trying to exit its credit-card partnership with Goldman Sachs

- Bill Ackman bets FED will cut interest rates as soon as Q1 2024

- MicroStrategy purchases an additional 16,130 Bitcoin ($593MM)

- Risk of a 'hard landing'--where central banks' rate increases cause a steep downturn or recession--has crept up to 23% from 13% back in Sept

- Salesforce beats earnings $2.11 vs $2.06 (+51% YoY)

- Millennial credit card delinquency now exceeds pre-pandemic levels

- Several OPEC+ countries agreed to voluntarily cut oil production by 2.2MM barrels per day in Q12024

- Former US Secretary of State Henry Kissinger dead at 100

- Jamie Dimon says the U.S is addicted to debt and it’s created a dangerous “sugar high” in the economy

- Canadian Banks report BIG loan loss provisions increases YoY: Scotiabank +137%, RBC +89% and TD +42%

- Shein (fast fashion retailer) filed for an IPO seeking a valuation of +$90 billion (Reddit & Skims talking about IPO)

- Average monthly new-mortgage payment is now +52% higher than the average apartment rent, per CBRE. That’s worse than the lead-up to the 2008 housing market crash, when the premium peaked at 33%

- Sam Altman officially OpenAI CEO again and Microsoft gets “non-voting observer” seat on the board

Have a great weekend everyone!

[Jim Laszlo @JimLaszlo]

Every American corporation will be transformed by A.I., says Dyanmic Funds' Noah Blackstein https://t.co/aQw04rLUTV

[Jim Laszlo @JimLaszlo]

@90sWWE Trish, Stacey, Steph then Lita.

[Jim Laszlo @JimLaszlo]

Household debt rises to $2.34 trillion in Canada as average credit card balance jumps to $4,000: TransUnion report https://t.co/C6Swm4Bvxz

[Jim Laszlo @JimLaszlo]

Homeowners with mortgages at three big banks face growing balances as interest rates rise /via @globeandmail https://t.co/0LbjsPLNlf

[Jim Laszlo @JimLaszlo]

Canada is sitting on one of the largest housing bubbles 'of all time,' an analyst says. What happens if it bursts? https://t.co/a83zLD2lkH