Not your average recession . . . .

[errolanderson]

Bitcoin crashed to $8,900 this week on Bitmex leaving many stunned. Apparently, someone sold 400 BTC all at once.

This shock movement may impact other financial instruments in the weeks ahead (IMO).

Bank fallout on thin ice right now. Consumer / corporate bankruptcies going through-the-roof.

Group, keep your marketing skills sharp. There will be opportunities ahead. But there may be shock events ahead . . .

[flea beetle]

Canola slowly clawing back…

[Oliver88]

Canola slowly clawing back…

Huge jump today. Reason why?

[flea beetle]

My guess is short covering due to short Brazilian soybean crop…but only a guess.

When I put my target way above the market for half of the canola left in the bin, my merchandiser told me that it isn’t likely to hit. After today, it isn’t too far from reality.

[errolanderson]

Market volatility was sparked by Powell’s speech of 3 planned rate cuts this year or 3/4%. This was fewer cuts than the market expected. This trigger a sharp drop in the dollar while supporting in commodities. Gold surged as USD fell. Interesting diesel took a hit.

Stocks surged likely because daddy Fed was at the dinner table with his cheque book open. AI buying . . . .

There may be extreme volatility over the next few days. Today’s reaction was an overreaction (IMO). Sharp soybean gains supported canola.

[errolanderson]

The Fed motto is clearly now: Save the Wall Street bubble at-all-costs . . . .

[foragefarmer]

That's why it's been the place to have parked your investments since 2009.

A 10% correction at this point would mean shit.

As for Bitcoin, 90% invested in it wouldn't even know how to definte it as it's not even tangible

Fools and their money are soon parted.

[Hamloc]

Market volatility was sparked by Powell’s speech of 3 planned rate cuts this year or 3/4%. This was fewer cuts than the market expected. This trigger a sharp drop in the dollar while supporting in commodities. Gold surged as USD fell. Interesting diesel took a hit.

Stocks surged likely because daddy Fed was at the dinner table with his cheque book open. AI buying . . . .

There may be extreme volatility over the next few days. Today’s reaction was an overreaction (IMO). Sharp soybean gains supported canola.

Hasn’t diesel been trading in a range between $2.60 and $2.70 a gallon? What surprises me is gasoline is now trading over $2.70 a gallon, higher than diesel, first time in recent memory, correct me if I am wrong.

As for canola, certainly has been undervalued in relation to soybeans for most of the winter.

[hobbyfrmr]

[url]https://www.visualcapitalist.com/bitcoin-returns-vs-major-asset-classes/[/url]

[errolanderson]

Huge reversal in silver in the past few hours. Strap-on group , big incoming volatility.

Powell stoked the AI buying yesterday, This equity rally is now about as fake as fake. But the momentum builds, until it stops.

Bank fallout and layoffs accelerating. Sent out a volatilty alert yesterday . . . .

[errolanderson]

Canada’s deepening recession . . . .

Bank of Canada will likely cut rates another 1/4% in July. Crude oil vulnerable (IMO). errolanderson.substack.com

[errolanderson]

U.S. MIDWEST HOT COILED STEEL
A key recession indicator . . . .

Central bankers likely do not follow steel prices as any indicator in their economic projections.

[shtferbrains]

The availability of coiled steel at these prices has always amazed me.
That is .3575 cents lb USD.

I recall buying semiload coil probably around 1990 for 26 cents Can.

At the time potatoes at the local store were 50 cents lb.

[errolanderson]

Hark! Finally, the smell-of-coffee . . .

Rumblings the Fed may panic and begin rate cuts in July. U.S. recession now hitting like-a-hammer. Asset devaluation in full-force.

Group, the stock market is at risk of sizeable correction soon. My opinion, not widely accepted by those in-the-know. errolanderson.substack.com

[Old Cowzilla]

The stock market has had a hell of a run but history shows election years are very positive. Wonder if it can make it to end of year before an adjustment.