Weekly Market Update, June 28/19

We're finally starting to see the search for yield in something tangible or non-rigged or non-manipulated or non-ponzi. Like I said before gold is rigged, the U.S. stock market is more overvalued than during the tulip bulb craze. High yield bonds carry more risk than ever. Earnings are falling in America making corporate bonds more risky. There isn't many places to put money but the longest bear market of all time (longer than the 33 year bear market in the Canadian dollar) that being the "spread" between single detached home prices and condo prices is finally starting to narrow. These spreads don't exist anywhere else in Canada just in Alberta. It's been almost 50 years since the spread was at normal levels.

I love when people say US equities are overvalued and they rise another 15%. Never bet against America.

Agree with Karl. Lots of smart people end up outsmarting themselves at the expense of their investment portfolios. A diverse portfolio of American equities has always provided the best risk adjusted returns over a long enough investment horizon... no matter what the spread between the price of a house and condo is..........

Spread between condos and SDH??? Heard it all now. People have been calling for a correction in equities for three years. In that time they have missed out on a 50% increase. The correction will come (as it does for everything) but I would rather have been along for the whole ride than sitting on the sidelines earning diddly squat. Good luck playing the spread Tony!