Volatility Alert (VIX)

[shtferbrains]

Dow YTD up 4.33%, 52 week range 32327 to 40077, yesterday's close 39069.

Suncor up 42% YOY.
Now shipping to tankerloading and Brent pricing?
Hindsight is 20/20.
4% dividend

Golden?
DYOD

[foragefarmer]

Definitely Golden. Good move on your part.

Very rewarding using one's own hard earned dollars to generate more income.

Gives you a good feeling of accomplishment along with pride.

.

[Old Cowzilla]

Canola is up 15% in 3 months so maybe that $53 is at the end of that trend line

[errolanderson]

Deflation hitting like a hammer, now impacting fast food industry.

Spent-out frustrated consumers taking fewer trips through the drive-through. Introducing the $5 buck hamburger. Latte competition incoming? This will trigger a domino impact across the fast food industry and over-priced beverages.

Either drop prices to regain lost customers or go broke may be the only choices. Pick your poison. Gouging days AKA: inflation are over (IMO).

Will central bankers smell-the-coffee?
Consumers are king, not bankers.
errolanderson.substack.com

[foragefarmer]

You're 100% correct regarding gouging, AKA inflation.

The excuses I've heard from so many business regarding price increase is beyond belief.

Kitchen cupboards made and installed by a local company in fall of 2020 $9K, now for kitchen with cupboards 2/3 in size $17k

The conversation didn't go well when they tried to feed me their B.S from the quecard .

All consumers are getting raked with everything, and that's the honest truth.

[foragefarmer]

Canola is up 15% in 3 months so maybe that $53 is at the end of that trend line

End of trend line is 5 years away according to some, and with that Urea will be $2500.00/tonne.

[shtferbrains]

Very rewarding using one's own hard earned dollars to generate more income.

Aren't you the bank stock guy?
Bank stocks aren't something you buy for windfall gains.

[errolanderson]

It’s falling hard now . . . .

Economic indicators sliding as the consumers are spent out. Bank of Canada rate cut next week likely.

[sumdumguy]

Yep, right Errol, I think I saw the sky falling the other day.

[Sodbuster]

It’s falling hard now . . . .

Economic indicators sliding as the consumers are spent out. Bank of Canada rate cut next week likely.

CAD drops to below 72 cents, likely closer to 70 cents if BOC lowers interest rates this week, which will eventually spur inflation. Rate cuts not needed yet IMHO. Thinking this is politically motivated to shore up Liberal government.

[errolanderson]

The restaurant apocalypse sweeping across the U.S. More Cdn closures likely. Rates have to be cut ASAP.

Not sure what parameters central bankers are looking at to protect the economy suggesting inflation is the battle, not the burgeoning debt crisis.

[sumdumguy]

They didn’t have a friggin clue what they were doing keeping interest rates at effectively zero for all those years. Why would you think they know anything now?

[shtferbrains]

Looking a bit panicked this Am?

[errolanderson]

Diesel taking-a-kicking over past week. Crude WTI may challenge next support of $72 per barrel. WCS Alberta oil breaking $60.

Remnants-of-inflation in the rearview mirror (IMO) errol.anderson.substack.com

[errolanderson]

Bank of Canada 1/4% rate cut tomorrow morning represents the 1st central banker in the G-7 to begin cuts.

Plunge in crude oil (down more than $8 per barrel in the past 72 hours) has to be a concern for the BOC.