The Canadian Carbon Tax Is Dead

Reformed Millennials - Learn Earn and Invest

Listen in podcast app and follow below for the podcast topic arc.

* Market update

* Rate commentary

* Carbon Tax

* Vibe Shift in Woke culture

* Recommendations and Links

Listen on Apple, Spotify, or Google Podcasts.

Market Update📈📉

October marks the end of a challenging three-month period for US and global equities, and we want to keep you informed about the current market conditions and potential opportunities. Here are some key highlights:

Market Volatility: Despite the S&P 500 showing resilience, the overall market has been under pressure. Small caps and international equities have experienced more significant losses, with the S&P 500’s YTD price return falling to 9.2 percent.

Geopolitical Risks: In addition to concerns over interest rates, the Israel-Gaza conflict has introduced a new risk factor. While oil prices have stabilized after a brief spike, uncertainty remains high.

Seeking Opportunities: With recent poor performance data, some investors are considering increasing equity exposure in November and December to benefit from the usual positive seasonality during these months. Call it the Santa Clause Rally.

Uncertainty in the Middle East: Predicting the impact of events in the Middle East on investments remains challenging. Historically, a more tradeable/investable low will show when/if the CBOE VIX Index reaches 28-36 and 10-year Treasury yields stabilize.

Sectors and Investment Strategies: Only a few sectors, including Utilities, Tech, Communications, and Consumer Staples, outperformed the S&P 500 in October. Value has outperformed Growth recently, but it’s crucial to understand the underlying dynamics. More below.

US Big Tech: Despite the recent market turbulence, US Big Tech companies have shown their strength in supporting the broader market. Their contribution to S&P 500 returns has been substantial.

Energy and Precious Metals: Oil prices have not sustained a high level due to Middle East tensions, which is surprising but potentially bullish for stocks. As Gold has outperformed the S&P 500 this year.

Interest Rates and Small Caps: Rising interest rates have hit the US small cap sector hard, affecting various industries, including Technology, Financials, and Health Care.

Global Tech Markets: Asian Big Tech companies have fared better than their European counterparts in the last three months, reflecting the ongoing market dynamics.

Economic Outlook: The Q3-2023 GDP growth showed a significant rebound, but alternative metrics and concerns about inflation suggest a more cautious approach.

In conclusion, the markets are navigating various challenges, including geopolitical uncertainties and interest rate fluctuations. We encourage you to stay informed and make well-informed investment decisions.

Twitter Links from the Podcast:

* Bari Weiss Wokeness

* How to make money as an individual creator on TikTok

* Credit event isn’t coming

* $APO talks about the concentration of returns in the market

* Trevor Tombe on Carbon Tax

* Peter Lynch and Seth Klaraman on todays market

Podcast & YouTube Recommendations🎙

* Change Makers Conference:

* Palmer on Invest Like the Best:

* Trends with friends:

Best Links of The Week🔮

* The Canadian Carbon Tax - Trevor Tombe

* The Land of Rising Profits - GMO

* "The Treasury Department announced plans Wednesday to accelerate the size of its auctions as it looks to handle its heavy debt load and with financing costs rising. In a development getting close attention on Wall Street, the department detailed its refunding plans for future debt sales. The announcement comes with Treasury yields around their highest levels since 2007, a reflection of financial markets spooked over how much damage higher borrowing costs could exact. Most immediately, the Treasury will auction $112 billion in debt next week to refund $102.2 billion of notes set to mature Nov. 15, raising more than $9 billion in extra funds." - CNBC

* "For almost 30 years now, Nissan.com hasn't been the place to custom order an Altima.Owned by small businessman Uzi Nissan since 1994, the website was set up to represent his various small businesses before the Nissan Motor Corporation took interest. It infamously tried to rip it from him in court, only to lose after prolonged and costly legal battle stretching over a decade. But since Uzi's death in 2020, control of his website has allegedly been stolen by a mysterious thief, forcing the the Nissan family to take the matter to court once again." - Full story here in The Drive

* "DoubleLine Capital CEO Jeffrey Gundlach believes interest rates are about to trend lower as the economy deteriorates further and tips into a recession next year. “I do think rates are going to fall as we move into a recession in the first part of next year,” Gundlach said Wednesday on CNBC’s “Closing Bell"." - CNBC

Disclaimer:

Investing in equities, fixed-income instruments and/or alternative asset classes involves substantial risk of loss. Any action you may take as a result of the information presented on this website, blog or in any Reformed Millennials Podcast (a “podcast”) is your own responsibility. By opening this page and/or listening to a podcast, you accept and agree to the terms of this full legal disclaimer. The information on this website, blog and in any podcast is presented as a general educational, informational and entertainment resource only. While Joel Shackleton is registered to provide investment advice in Saskatchewan, Alberta, British Columbia and Ontario as an Advising Representative this website, blog and any podcast does not provide, and should not be construed as providing, individualized investment, tax or insurance advice, nor as containing any recommendation to buy or sell any specific securities or otherwise make any other form of investment, or take any tax or insurance decision. Nothing contained on this website, blog or in any podcast should be construed or interpreted by you to mean that an investment in any securities presented or discussed would be suitable for you in your particular circumstances. Joel Shackleton and Cameron Pitchers specifically disclaim that any viewer of this website, blog or any podcast should rely in any way on any of their contents as investment, tax or insurance advice or as an investment, insurance or tax recommendation. Viewers are encouraged to consult with their individual investment advisor and other financial professionals prior to taking any potential investment actions or making any insurance or tax decisions. The views and opinions expressed herein are the personal views and opinions of Joel Shackleton, Cameron Pitchers and any other specific contributor to the blog or podcast only and do not necessarily reflect the views or opinions of their Firm or any of its other registered individuals or employees in partnership with Joel and his guests. Joel Shackleton and Cameron Pitchers disclaims any obligation to update any of the information set out on this website or any blog or podcast going-forward.

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