Live from the Trading Desk

It Really Matter!

on Monday, 23 April 2018 14:53

It doesn’t matter until it  matters, and then it really matters! US interest rates are higher again this week...short rates are at 10 year highs (2.45% on the 2 year) while the 10 year Treasury yield is 2.94%...very close to 5 year highs. The market is expecting US interest rates to keep rising and after months of, “It doesn't matter,” the currency market may be starting to realize that, “It really matters,” and the US Dollar is therefore rising against nearly all other currencies!

~ Starts at the 30:18 mark

My short term trading:

Stocks: I bought OTM S+P puts last Friday thinking that the market was rolling over. That night the “Allies” fired missiles at Syria. The muted response to that activity caused the S+P to gap higher Sunday afternoon and I covered my position for a small loss. I watched the stock market rally on low volume Monday through Wednesday and bought OTM puts on Thursday as the rally ran out of steam. My thesis has been that the sharp break from All Time Highs in late January was a “sign” that the character of the market had changed from a “buy the dip” environment to a two-way trading market and I’ve looked for opportunities to sell “bounce back” rallies that ran out of steam.

Currencies:  My thesis has been that USD (which has been falling for 16 months) was oversold and could have a good rally. I caught a good part of the Feb/March break in CAD (and gave some money back in the Mar/April rally!) I sold CAD following the dovish BOC event on Wednesday. I’ve been looking for other opportunities to buy USD. 

Crude Oil: I bought OTM WTI puts Thursday when the market made new highs and reversed. Part of the rationale on this trade is a bullish USD view. If indeed USD starts to rally then WTI may fall back from 3 ½ year highs. (Witness the July 2014 to February 2015 period when the USD soared while WTI tanked.)

Summary: at the end of the week my accounts are essentially short S+P, CAD, WTI, EUR and T-Notes.


Mike's Daily Comment

The Favourite Rationale For Increasing Taxes

on Monday, 23 April 2018 10:01

civil"Taxes are the price we pay for civilization" at least if you call paying over $5 million for a Parliamentary ice rink that was used for less than 3 weeks civilized. Or over $576,000 in taxes so that the feds could plant stories in Canadian weekly newspapers...now that's civilized.


Michael Campbell’s MoneyTalks – Complete Show

MoneyTalks April 21st - Complete Show

on Saturday, 21 April 2018 14:08

microphoneFeature guest Mark Leibovit on Crypto Currencies, Marijuana and Oil. Plus Mike's editorial, the Goofy, Stat and Quote of the Week, Hot Property and so much more!


Interview of the Week

CryptoCurrencies, Marijuana and Oil

on Saturday, 21 April 2018 14:02

cryptoThe latest from Mark Liebovit, Timer's Digest Timer of the Year on the hottest industries in the markets.

~ Starts at the 2:40 mark


Mike’s Big Fat Idea

Where Did We Go Wrong With Our Kids

on Saturday, 21 April 2018 13:55

SnekInstant Wisdom

Simon Snek, gave one of the most popular TED talk of all time - 10 million viewers.  Everywhere he goes he's asked about where we went wrong with our kids.

~ Starts at the 16:09 mark


Goofy Award Winner

Are You Kidding Me?

on Saturday, 21 April 2018 13:49

suzukiDavid Suzuki calls economists brain damaged while grossly misrepresenting and denigrating the growing group of environmental economists who put a price on climate change, solution and a host of other extrenalities. Despite his anti-intellectualism the University of Alberta is honouring him.

P.S. It's not just the economics departments that have a huge problem with David Suzuki's honourary degree. Engineering Professor Fraser Forbes voices the resentment of his department and indsutry at the cluelessness of the University's Senate who conferred the honour in the link below.  ~MC

University Of Alberta's Engineering Dean Speaks Out About Suzuki Honourary Degree - https://www.ualberta.ca/engineering/news/2018/april/message-from-fraser-forbes 

~ Starts at the 34:47 mark


Shocking Stat

Oil A Dying Industry? No Chance

on Saturday, 21 April 2018 13:45

oilrigAccording to the latest forecast by The Energy Information Administration oil isn't going anywhere. The latest projections for the use of fossil fuels, renewable energy and nuclear power will shock some people. And they raise an inescapable question - how do you want to transport oil and natural gas?

~ Starts at the 19:25 mark


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