Challenging Tasks Facing the U.S. and Canada Ahead

The Daunting Tasks ahead for the U.S. & Canada

Greetings, Investors! I have a few goodies/homework assignments to share today! But first… This past week on Thursday, we had the clearest sign yet that the broad stock market is finally ready to lose a lot more air and come back a bit closer to Earth. There are daunting tasks ahead.

That day’s outside reversal (I shared the first graphic below with you right after the close) was as dramatic as any other I can recall.

As indicated, the market’s troubles are due to a fair extent to the latest episode of Japan’s currency and bond market woes. I’ve shared a LOT with you on that woefully under-covered in recent days and will be discussing in the near term for our Members what additional portfolio rejiggering we may need to consider given that “The End of Financial Repression” as I’ve discussed it prior is making itself known again!

(SPOILER ALERT: One thing I’m considering of all the things I wouldn’t have contemplated all that long ago is a possible return of our long-dormant “Odd Couple” trade that worked well for quite a while once upon a time!)

Also notable Thursday was that the epic reversal from the early morning highs came despite what was sold as “Great news” from Mag 7 and A.I. Bubble darling Nvidia.

But once again, what looked like a sufficiently deteriorating situation for, actually, a host of reasons to give us an overdue bigger correction was interrupted. For the time being, anyhow.

This time it was New York Fed President John Williams who channeled Mighty Mouse and “saved the day” for the markets…at least, for Friday.

He did so, of course, by opining in a speech that there’s still room “in the near term” for the central bank to further cut short term interest rates. And off to the races stocks went, at one point pretty much erasing all of Thursday’s big declines before closing off the highs. (Prior, it was being digested at least somewhat by markets that the Fed would actually be UNLIKELY TO CUT RATES again right away.)

Whether he, Powell and the rest actually do that two weeks from Wednesday (whatever the decision, it will be even more of a “split” one) we don’t know.

What I did suggest, though, already since Friday’s close is that it’s noteworthy that Williams–the one who controls the Fed’s “checkbook” and is the one who is “hands on” when it comes to everything the bank does–presently tilts dovish.

That tells us something.

More to come…

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Moving on, I recently was invited to be a guest on the Energizing America podcast hosted by my new friend Shane Stolp, C.E.O. of Duluth, MN-based Wescom.

Shane and some of his “crew” were at the October Better in Our Back Yard gathering in the Twin Cities; and needless to say (AND as you’ll certainly get out of our energized discussion!) we hit it off.

You can LISTEN HERE or by clicking on the below graphic.

Our discussion, of course, centered on our mutual desire to see the task of America regaining home grown industrial, energy, mining and other vigor; an economic and national security imperative as I often say.

I enjoyed Shane’s perspective and take on things; Wescom’s several offices throughout the U.S. are on the front lines, with its business, of a lot of this!

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Another company head I just had a similar discussion with–this time as it specifically affects Canada’s energy industry–was Des O’Kell, President of Enterprise Group (TSX-E; OTCQB-ETOLF).

Des, for those who didn’t know, also does his own occasional podcast called The Pragmatics; RIGHT HERE is a recent one addressing a host of investment, policy and societal issues in Canada.

In OUR LATEST DISCUSSION, we offer an update on Enterprise itself (a 10-bagger for us not long ago about at which time I was advocating some profit taking; now, it’s “back up the truck” time again!)

We go on to discuss in the back half of our time some specifics on the augmented health of the natural gas industry specifically in Canada where–among other things–Prime Minister Carney seems very supportive.

Indeed, one of the major LNG export projects (now that LNG Canada, the biggie, is operational) in the hopper was just designated by Carney’s government as a “Major Project” under his new initiative!

In an upcoming Members issue of The National Investor I’ll be discussing the projects Carney has already selected and more; and contrast this effort with the “Fast 41” designation here in the U.S. You’ll hear about the good…the bad…the UGLY…and what’s real/hyped up.

As in my discussion with Shane Stolp, I’ll be explaining anew how and why–not that some progress in the right direction isn’t welcome–both the U.S. and Canadian efforts to date are WAY too little.

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Finally–for today–I also want to share for those who haven’t already seen it my latest update on BioLargo (OTCQX-BLGO), which you can watch RIGHT HERE or by clicking on the below graphic.

BioLargo C.E.O. Dennis Calvert and I were joined in this go-round by Steve Harrison, the C.E.O. specifically of BLGO subsidiary Clyra Medical (Dennis is the Chairman of that entity.)

The occasion: one more (nearly last) BIG step for Clyra ahead of expected Commercialization/sales launch in early 2026 of the first of, eventually, several breakthrough products for the medical supply industry.

LEARN THIS STORY! If all goes according to plan, BioLargo will shortly enjoy by far its greatest ever revenues…and an overdue and deserved re-rating of its lagging share price.

All the best,

Chris Temple
Editor/Publisher