Danielle Park

Financial Analyst, Portfolio Manager, President of Venable Park Investment Counsel Inc., attorney, author, speaker, blogger,

[Hedgeye @Hedgeye]

Google is now selling $80B of its own stock to fund AI capex, ending a decade of buybacks

[Jan Rosenow @janrosenow]

The worst heat pump is more efficient than the best gas boiler.

A gas boiler turns one unit of energy into less than one unit of heat.

A heat pump delivers 3 to 4 units of heat for every unit of input.

More in future Substack long read. Sign up here: https://t.co/In5lBaF2ox

[Shazi @ShaziGoalie]

Ontario's housing stress is no longer a theory.

🔹 Power of Sale transactions exploded 415% in just 3 years (578 ➡️ 2,979)
🔹 36.6% of homes bought at the 2022 peak and sold in 2025 lost money
🔹 Nearly 30% of homes sold in Peel lost money
🔹 Toronto: 22.3% sold at a loss
🔹 Durham: 23% sold at a loss
🔹 First-time buyers are now 40 years old on average

And many 2021 ultra-low-rate mortgages still haven't renewed.

The real test of this housing cycle may not be behind us.

It's ahead of us.

[Jason Lewris @jasonlewris]

BREAKING: AS OF THIS MORNING, 14 MAJOR HOUSING MARKETS IN BEARISH TERRITORY

These markets have negative year over year home prices with for sale inventory that is aggressively cutting prices and still can't find a buyer.

This is important as sellers are actively trying to find buyers, they cannot, and are continuing to cut prices. These markets are likely to go lower.

[Eric Basmajian @EPBResearch]

This is still a "no-hire, no-fire" labor market.

Layoffs are below pre-COVID lows, but hiring has stalled, and quits keep falling.

Low churn looks like strength, but it's the opposite...

A frozen market has no cushion the moment firms start cutting.

[Danielle Park @kdaniellepark]

https://t.co/oTXnimp95J Goin' fishin'
I will be doing some travelling in June and taking a break from the blog. Best wishes, light and levity. Life goes by so quickly.

[Danielle DiMartino Booth @DiMartinoBooth]

Indeed as this L-T graph @Adam__Josephson depicts

Media spinning this one hard…

“With spending outpacing income growth, personal saving rate fell to 2.6% in April. We expect the drop below 3.0% to prove temporary”

PS. @AtlantaFed 3MMA hourly wage April 2019 3.5%. Today? 3.3%

[Cory Venable BHSc, CMT @CoryLVenable]

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

[Dr Paul Dorfman @dorfman_p]

@MLiebreich Renewables made up 85.6% of last year’s new global power capacity additions. Each year nuclear adds only as much net global power capacity as renewables add every two days.

[Danielle Park @kdaniellepark]

https://t.co/XBHxOuza0o Beware the risk-sellers
The financial sector profits most when people buy into inflation fears and the riskiest asset classes. It is important for those of us with capital to understand why the relentless risk-sales pitch is generally contrary to ou...

[RethinkX @rethink_x]

Did you know that pet food accounts for roughly 1/4 - 1/3 of total U.S meat consumption?! In 2019, RethinkX predicted that Pet Food would be a perfect entry point for Precision Fermentation (PF). Guess what? The FDA just cleared PF lamb protein for dog food. The timeline for the disruption of industrial agriculture has just accelerated. 📉⌛ 🥩🐕

🥩 #PrecisionFermentation #FoodDisruption #Rethink

[Cory Venable BHSc, CMT @CoryLVenable]

Current market...

[RethinkX @rethink_x]

GLP-1s aren’t just making people eat less… they’re changing what we eat entirely. If cravings for junk food and dessert vanish, what happens to the junk food industry? #GLP1 #Ozempic #Zepbound #FoodIndustry #HealthTrends #BehaviorChange

[Lance Roberts @LanceRoberts]

Why is the market so distorted? One reason is that there are now more ETFs than actively listed companies. Many of these ETFs own the same stocks, and when a sector is hot or not, investors pile into ETFs, creating distortions. Eventually, we will be down to 10 public companies and 10000 ETFs all owning the same stocks. (Okay, being a little facetious.)

[Steve Saretsky @SteveSaretsky]

New condo sales in Metro Vancouver are tracking even lower than last year, like 50% lower. The pre-sale condo market is completely dead.

[Jon Brooks @jonbrooks]

At some point it just becomes so incredibly unsustainable, the model stops working.

We are just about there.

[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

[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...

[Dougie Kass @DougKass]

What has happened to our country?

[Danielle Park @kdaniellepark]

https://t.co/DUBhchZkeh Iran war killed housing recovery
The housing cycle was starting to stabilize. Then the Iran War caused higher oil prices, a surge in inflation, and higher mortgage rates.  Here is a direct video link.

CMHC Mortgage Survey: Renewals Hurt, Defaul...