Just a man trying to trade in peace. ✌
Joined November 2018
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thePeacefulTrader retweeted
Canada’s housing crash is now approaching America’s 2008 bust, per BMO.
Canadian home prices have fallen 20.5% nationally from their early-2022 peak, close to the 26% decline the US saw during the 2008 housing crash.
thePeacefulTrader retweeted
This is wild.
60% of the stocks in the S&P are down 20% or more marking a technical bear market for them.
The MAG10 makes up a huge part of the index and is getting hammered.
Yet $OVL has no real dip to be found.
As far as set and forget income funds I’d lean buying the Q’s here. When tech rips that’s when I lean into $OVL.
High beta continues to get nuked. I plan on capitalizing.
Meanwhile always cool to see $OVL absolutely unphased.
thePeacefulTrader retweeted
Canada’s latest inflation number: 3.0% 🇨🇦📈
But here’s the number that matters more:
Since July 2019, the Canadian CPI has risen 24.5%. That’s only SEVEN years ago.
A basket that cost $100 then costs roughly $124.50 today. In just SEVEN years!
Put differently:
$1 today has only 0.80 of the purchasing power it had in 2019. Unbelievable…
Inflation coming down doesn’t give you that purchasing power back.
So what can you do?
Keep the cash you need.
Invest the rest.
Stocks. Businesses. Real estate. Productive assets that can compound over time.
Use your TFSA. RRSP. FHSA. Ship excess into taxable accounts.
Increase your income.
Cash is for liquidity.
Assets are how you FIGHT the long-term erosion of your purchasing power.
$sofi short up here? My long term hold isn’t enough profit to sell but maybe for a day trade?
thePeacefulTrader retweeted
$SPY Right now it’s best to not do anything. You don’t want to short when RSI is below 30 on all intraday timeframes and even the 4H too. You also don’t want to be long when price just lost its 20 dma.
We will get a bounce soon to reset these RSIs but we won’t know if this rally is good to buy or short until we see how price behaves around the key moving averages it just lost.
You’ll hear tons of the top is in and buy the dip over the weekend. Ignore them. No body knows for sure yet. Let price tell us. Next support is 738-736 by the way.
thePeacefulTrader retweeted
$BTC 4-YEAR CYCLE IS PLAYING OUT PERFECTLY
Every 4 years the same thing happens
People buy the bounce thinking the worst is over
They're wrong. They always are at this stage
2017 buyers learned that the hard way
2021 buyers learned it too
Right now the chart is showing the exact same "Late Buyers Trapped" setup
DCA zone at $47-52k is still ahead
The cycle doesn't care about your opinion. It just runs its course
FOLLOW + NOTIFS ON!
thePeacefulTrader retweeted
🚨 NOBODY WANTS TO HEAR THIS RIGHT NOW!!
Bear markets average ~460 days
We are at day 240 just past the halfway point
And everyone is already calling the bottom
They did the same thing last cycle
Didn't end well
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