MS | ETFGo 🇨🇦

Check out the returns of the Canadian asset allocation ETFs. Yes, you should benchmark your returns against the AA portfolios of similar risk to your portfolios. cutthecrapinvesting.com/2021…

Over the last few years, the US has imposed a lot of dumb tariffs. But my new @opinion piece reveals what may very well be the dumbest one of all - maybe ever. And the Iran war has made it even worse. /1

Fixed income has failed to provide a hedge against equity corrections since rates bottomed in 2020. The market is telling you that the key risk to investors is inflation. Bonds are not the tool to protect portfolios in that world. $TLT $AGG $LQD $HYG $JNK

Here's your intermarket cheat sheet All those critical levels in play for risk assets... are likely to be violated if these bases break higher $DXY $HYG

5 of Wednesday's best charts and insights: dailychartbook.com/p/if-we-r…

47% of total Canadian payroll sits in jobs that are highly exposed to AI. This weekend, @karpathy published an AI exposure analysis for the US job market. I adapted it to Canadian jobs data. Full heatmap + dashboard link below. 3 things that stood out: 1) The higher you're paid, the more exposed you are. Workers earning $100K+ have an average AI exposure of 6.7/10. Those marking under $35K? Just 3.4/10. AI is coming fast for knowledge work, not manual labour. 2) Education amplifies exposure. University-educated workers face the highest AI exposure. Those with no formal education face the least. 3) 7.9M Canadian workers are in high-exposure occupations (score 6+). That's 39% of the workforce. Check out the heatmap across 500+ job categories: reuven-rgb.github.io/canadia… @KirkLubimov @danielfoch

Sometimes all I think about is you…

Anthropic just released the most IMPORTANT chart in the AI labor debate. This comes from the company that builds Claude using data from 2 million real conversations. Here’s what it shows. The blue area is every task AI could theoretically do right now. The red area is what people are actually using it for. The gap between them is enormous and that gap is your career runway. Computer programmers are already 75% covered. Customer service reps, data entry workers, financial analysts, they’re next. But here’s what no one is talking about. The mass layoffs haven’t really started. Unemployment for exposed workers hasn’t budged. So what’s actually happening? Companies are closing the front door, hiring for workers aged 22 to 25 in AI exposed jobs has dropped 14%. The most exposed workers aren’t factory workers, they’re college educated, higher earning. 49% of US jobs now have at least a quarter of their tasks inside AI’s reach. That’s up from 36% just one year ago. And the red area on that chart, the real world usage is still a fraction of what’s possible. Every month, it grows a bit. Anthropic built the scoreboard and most people haven’t looked at it yet.

We asked people around the world to rate the morality and ethics of others in their country. The U.S. is the only place we surveyed where more adults describe the morality and ethics of others living in the country as bad than good. See our full morality report here: pewresearch.org/religion/202…

The market spends <10% of its time with $VIX above 30. Those rare moments? They're historically some of the best entry points. Forward returns at VIX 30+ have historically been strong. Volatility isn't risk - it's opportunity mispriced.

Here is the math on Mag 7 weakness and the rest to keep the index flat (from our Jan ‘26 market outlook)

2-24-26 Why You’ll Never Beat The Index (And That’s Okay) Most investors chase returns and compare themselves to an index that isn’t a real portfolio. Indexes don’t pay taxes, trading costs, management fees, or deal with withdrawals. They also replace failed companies without absorbing permanent capital losses — something individual investors can’t do. That structural advantage makes consistent outperformance extremely difficult. Because of these differences, obsessing over beating or matching an index can lead to poor psychological decisions. Investors often chase last year’s winners, assuming recent outperformance will continue. But markets rotate — sectors and themes shift leadership over time. What worked last year may underperform next year. By jumping into what just worked, investors frequently buy high and set themselves up for disappointment. Long-term success in investing requires discipline, understanding market rotation, and avoiding the psychological trap of performance envy. If you like this video, please ❤️like and 🔁retweet

The most unexpected robbery ever 😭

Greenland, i think you can sleep tight 👍

The competition for these resources isn’t even close. A real 'Emperor has no clothes' moment for the USA and the West and the rest of Asia and Africa. It's almost like capitalism frorgot it's wallet at home. Shame, because all these world leaders spent so much time talking about talking about how to make life better for everyone.