Baseball seemed like a simple game, competition was great, games were tense and the key was no actual violence. But the real danger in this sport was going to the pub after the game.  Our sponsor invested in our team and in turn, we would drink their beer, eat their chicken wings and more. I was fairly new to this and at this point in my life I really never drank. The first time I attended the Pub, I would get tipsy after one beer. I am a happy drunk, laughing coupled with non-stop talking. Each and every other time I attended the Pub, after a game, it always took an additional beer to get to the point of giddiness. Consequently, the drinking wasn’t the issue, it was the sloppiness I developed while eating those delicious chicken wings, I would have stains all over my shirt to the point that when it was my birthday all I got for presents were bibs.

This weekend there was an enormous challenge, I attended a wedding celebration wearing a beautiful white short sleeve shirt.  The table had all kinds of foods with sauces and coffee to drink, yet no lids. I helped myself and told the people I was speaking with to keep their distance and please don’t bump into me because my goal is not to stain my shirt. I was there for three hours and everything was going well until I reached for the tiramisu mini dessert. The first bite and the cocoa powder ended up as two spots on my shirt. I looked at my brother-in-law and nothing more needed to be said. Timing is everything and there is no escaping my misfortune and bad habit.

Speaking of timing, did your financial advisor disappear again? Provide you with the instructions to hold and sit tight until this period related to the pandemic dissipates? Meanwhile,  the Billionaires exited the markets solidifying their profits close to the top while others jumped in buying the highflying stocks like Telsa, Amazon and many more thinking they will never come back down again. If guys like Elon Musk and Jeff Bezos are running the show your investment will definitely will be going to the moon. Little did anyone realize the ride to the moon will cost $250k/USD per trip.

Click here for a quick demonstration of how the stock market really works, trust me it is a lesson you will never forget and make you wiser the next time around, especially if you are as fortunate as me.

https://www.kapwing.com/videos/629f72dbddcd120088e2972d

Ultimately, the stock market lures us all in because greed sets in. When something is too good to be true, it usually is too good to be true.  Stick to what you know best, it is your skill set that will always carry you forward. The only sure thing in life are death and taxes, therefore, try to enjoy life along the way on your own terms rather than feeding the sharks with your hard-earned money.

This past week after some more mixed economic news on the jobs front, the American economy is still <-822K> jobs short from the pre-pandemic level. President Biden forced Janet Yellen the Treasury Secretary, who oversees the Federal Reserve and guides the USA Economy, to take the blame that she did not foresee the level of inflation approaching at such a rate. She has lost total credibility to appease his political agenda. This is the responsibility of the position held. Central Bankers and policies have been geared to print endless streams of money creating this devastating hyperinflation, especially in Canada and the USA.

Nonetheless, the USD Index remains in the 102.30 vicinity while Oil is firm above the $119/B level. The Europeans are expected to leave interest rates unchanged even though high flying inflation is ravaging their economy. It’s travel season but airports are a disaster and the costs have escalated to the point whereby it’s limiting to the average person.  Precious metals regain a little upward mobility as Gold stands around $1855/USD/oz and Silver back above $22/USD/oz.

The Canadian Dollar made a total reversal from the 0.77 cents level a few weeks ago, it is now approaching the 0.80 cents level once again. This can be directly attributed to the Bank of Canada’s (BOC) aggressive comments to push the Bank Rate from the present (1.50%) level to (3%) or higher. The range of 1.24-1.31 should be maintained so when we hit the bottom Buyers of USD should consider purchasing and Sellers should wait to Sell once we approach the top end of the range again. There is a saying, that every dog has its’ day and once Canada’s finances are highlighted we will hear the howling once again. If you are a Corporation in Canada, consider applying for your LEI Registration this will allow you to partake in Forward Contracts to hedge your requirements. Call me anytime for assistance or understanding.