Tom elio

[Healthy & Organic @_Healthyorg]

How to survive a heart attack when you're alone

[Genuis Health 💊 @GenuisHealth]

Follow for more natural remedies

[CutTheCrapInvesting @67Dodge]

If you use the RRSP-to-RRSP arbitrage, you effectively pay 11% tax on the withdrawal to get a 35% deduction , netting a 24% tax win. https://t.co/gM2yBIUmkK

[Stephanie Kusie @StephanieKusie]

A decade of Liberal inflationary policies have driven the cost of everything UP.

Forcing Canadian families to figure out how they will put enough food on the table each week.

Listen to this and more from my new podcast Out of Order here: https://t.co/swo3bW4PhV

[Mario Zelaya @mario4thenorth]

Wow. Liberal/NDP Corruption 101.

In February 2026, Vancouver “Condo King” Bob Rennie hosted “An Evening with Mark Carney” at his offices.

146 attendees paid up to $1,775 each.

At least 17 were leading developers.

Former BC Premier Christy Clark was there.

That same month, BC Premier David Eby’s office opened a correspondence file titled “Rennie Meeting” to brief Eby for a private sit down with Rennie.

Four months later, on June 18, 2026, Carney and Eby announced a $3.2 billion condo bailout to buy unsold inventory from developers, including developers who were in the room at Rennie’s fundraiser.

Carney’s exact words at the announcement: “Developers are stuck. They don’t want to sell at a loss.”

In 2017, David Eby, then in opposition, stood in the BC Legislature and asked Christy Clark how she could justify giving Bob Rennie “access to the most senior policy members in her office, weeks before the foreign buyer tax was introduced, and then exempting [Rennie’s] core business from that same foreign buyer tax.”

That question, posed by David Eby to Christy Clark in 2017, is now the question posed to Eby and Carney in 2026.

And Carney dared to say that no one directly lobbied him for this?

No wonder an ethics committee investigation has been called.

https://t.co/IwZAFgJIw6

[wealthmoose @wealthmoose]

Renee Merrifield nails it.

Canada’s political class, media, and too many voters have spent years blaming Trump for problems that were already here.

Housing didn’t break because of Trump.
Productivity didn’t collapse because of Trump.
Debt didn’t explode because of Trump.
Investment didn’t flee because of Trump.

He became the convenient scapegoat for a decade of Canadian decline.

The hard truth?

Canada’s problems were made in Canada. 🇨🇦📉 #Cdnpoli

Video : @ryangerritsen

[Mario Zelaya @mario4thenorth]

BREAKING: A BC judge ruled today that private property owners cannot participate in a court case that affects the title of their own land.

The trial that decided their property’s status was the longest in Canadian history and

they were not allowed in the courtroom.

Today, they were told they cannot reopen the case.

In Canada, your property rights now depend on whether a court decides to let you defend them.

Dozens of Aboriginal title claims are now filed across BC.

You may not know about yours until the decision is final.

[CutTheCrapInvesting @67Dodge]

Remember, no one with a proper financial plan lives off of the dividends.

[Ryan Gerritsen🇨🇦🇳🇱 @ryangerritsen]

This point in Canada’s history will be studied.

How the popularity of a leader can continue to rise while the people’s quality of life continues to decline under them is wild.
He’s made no measurable improvements, 2 quarters of economic decline, out of control food inflation, no trade deal progress, he gets caught spending over $200 grand on airplane food & his popularity still goes up?

It’s “the emperor’s new clothes” come to life in Canada.

[The Dividend Dream on YouTube @DreamDividend]

JP Morgan recently launched $ROCQ and $ROCY

… but are they really the upgrade of $JEPQ and $JEPI? Let’s take a look at these plus a few other, more complex, options ETFs.

ROCQ & ROCY | Next Gen JP Morgan Funds (JEPI/JEPQ Alts)
https://t.co/hsMDvT1VmO

[The Dividend Dream on YouTube @DreamDividend]

Covered call ETF
Options spread ETF
Collar ETF

WTF 🤯 do all of these mean?? Are the new @jpmorgan funds $ROCQ and $ROCY one of these types 🤔

Here ya go 👇
https://t.co/hsMDvT1VmO

[Ryan Gerritsen🇨🇦🇳🇱 @ryangerritsen]

Renee Merrifield with an excellent commentary on the situation in Canada.
Our Government, the media and the citizens have been so focused on blaming Trump for the issues in Canada when in reality he is the scapegoat of the very issues and decline that’s been happening in our Country for over a decade.

[Genuis Health 💊 @GenuisHealth]

That yellow stain on your teeth can come off in under two minutes

[Michael A. Gayed, CFA @leadlagreport]

S&P 500 is just an AI idiosyncratic index now. On CNBC I said small caps — U.S. and global — are due for a cycle where they outperform on a relative basis. Even while the headline averages go down.

[David Chilton @wealthy_barber]

Weak economic data. Packed shopping centres. Dave and @BenRabidoux discuss how both can be true.

[CutTheCrapInvesting @67Dodge]

Here's an interesting tax arbitrage, when one spouse is retired and one is still working ... https://t.co/gM2yBIUmkK

[CutTheCrapInvesting @67Dodge]

While U.S. and Canadian markets were down last week, defensives did their thing. Staples leading the way.

[Dan Niles @DanielTNiles]

Last Saturday, I posted my “speedbump” concerns. This past wk, the negative news flow escalated quickly. The Semi Index was -7.9% despite $MU beating EPS by 16% & guiding 21% higher than consensus. Micron finished the wk -0.1% while S&P -2.0%, Nasdaq -4.6% & Mag7 -5.4%.

The news flow included:
1) $SPCX $20B bond offering & signing Reflection AI
2) $MSFT potentially hosting lower cost DeepSeek
3) GLM-5.2 being a credible alternative to Anthropic
4) Star AI researchers leaving $GOOG for competitors
5) $AAPL raising prices ~17-25% due to memory prices
6) US restrictions on US LLM model releases
7) Investment ramps from Samsung & Hynix
8) Stock market circuit breakers triggered in S. Korea
9) OpenAI potentially delaying their IPO into 2027
10) Big Private Credit redemptions at $APO $MS $ARES

On a positive note:
1) Headline PCE/core of 4.1%/3.4% were roughly inline
2) WTI Oil fell 10% to $69
3) 2/10yr bond yields declined 8 bps each

My concern is that equity markets were bad over the past week despite oil declining substantially along with bond yields. But a lot of position unwinding also occurred with the Morgan Stanley Momentum Long Index down 4.2% last week while their Short Index was up 3.2%.

This upcoming trading week is shortened with the July 4th holiday with no major earnings reports but several important economic reports could move rates and therefore the market. The JOLTS survey, non-farm payrolls report and to a lesser extent the ISM report could have an outsized impact given lighter than normal trading volumes. Fed Chair Kevin Warsh’s appearance at the ECB symposium on Wednesday is also likely to be scrutinized for clues around future Fed policy.

From a seasonality standpoint, while not as famous as the Santa Claus rally at year-end, statistically we are entering a strong period for stocks. This is probably caused by the inflow of funds into 401K plans at mid-year. The "12-Day Midyear Rally" as talked about by @AlmanacTrader encompasses the last three trading days of June and the first nine trading days of July. Since 1985, Nasdaq has gained 2.5% and has been up a solid 78% of the time. Having said that, it will be interesting to see how the market responds to the flare up in hostilities in Iran this weekend.

In summary, my short-term “speedbump” concerns outlined last week in my posts on 6/20 and followed up on 6/22 remain about the upcoming mega-cap tech earnings season that starts in late July due to:
1) Token minimization
2) Competitive low cost open-sourced LLM models
3) Rising semiconductor cost impact on Q3 guidance

Longer-term, I am hopeful for a solid finish to 2026 due to:
1) Over 25% EPS growth for the S&P
2) Advent of Agentic AI requiring 10-100x more tokens
3) Torturous winding down of the Iran war
4) Kevin Warsh pushing back on rate hike expectations
But a series of short-terms make up the long-term and remaining flexible in thinking is important.

All the best in the week ahead and Happy July 4th!