eR Reports

Canadian interest rates rose sharply last week while U.S. rates stayed fairly constant. Spreads in both countries widened, moving away from Inversion. This lessens the possibility of an Economic Recession occurring in the USA. Canada is already on Recession Watch. [more]

Only one week after PayPal announced cutting ties from Libra, several other partners from the 27 companies in the Libra Association including Ebay, Visa, Marcado Pago, Mastercard, and Stripe announced this week that they would also stop supporting Facebook’s Libra project. [more]

Quarterly results from the four largest U.S. banks (JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo) showed better than expected results as American consumers continued to support the economy. [more]

The RASI has shown some strength in the last few days. It has stopped its downward trend, at least for now, and is set to try and rally above two critical resistance levels given by the current down-trend line at about 490 and the critical 500 level that measures positive or negative market expectations. [more]

Piper Jaffray conducted its 38th biannual survey of U.S. teens – overall spending decreased by 4% with YouTube, Nike, and Amazon popular among this demographic. [more]

The S&P 500 had a slight gain in the third quarter and maintained an 18.6% gain year-to-date amid trade tensions and indications of a slower global economic growth. [more]

There was a sharp rise in interest rates in the final two days of last week. This moved key yield curve ratios away from Inversion levels and resulted in the Recession Barometer in the USA falling to 8.0x from 9.0x. Canada went on a recession Count-Down as of August 8. [more]

A big merger terminated, an IPO delayed and the first cannabis ETF down almost 60% in share price this past year, has the bloom fallen off the cannabis flower? [more]