David Rosenberg

SCAM ALERT! There is an AI scam, a total fraud, using me and my firm in advertisements to pitch penny stocks. Many people have been duped by these fake ads that have been found on Facebook, Instagram and TikTok and have lost a lot of money. These ads have not been taken down…

For the first time in years, I saw someone under the age of 30 reading a book on the subway. I nearly fell off my seat!

Jeff Bezos just met with President Trump for over an hour.  Time to load up on AMZN?

As everyone marvels at the performance of the U.S. stock market, just remember that in CAD, Aussie Dollar and Yen terms, the S&P 500 is barely up more than 1% for the year; flat against the Kiwi and Sterling; and down 3% in peso terms, down 5% in euro terms and down 6% in Swedish…

If anyone hears of Tim Cook scheduling a meeting at the Oval Office, I would suggest loading up on AAPL right away.

There was a time when a +0.2% print on the Powell ‘super core’ inflation measure would have ignited a bond rally.  Obviously not today, even though this metric has slowed to a mere +1.1% annual rate from January to June.  All the market sees is the tariff effect starting to…

The long bond yield just tested the 5% mark yet again. Over the past two decades this has proven to be a firm ceiling and a very juicy entry point.

Today’s market rally is a testament to the veracity of the TACO trade. But what if Trump isn’t joking around this time?

The market is taking these latest tariff tape bombs in stride because it is operating under two well-ingrained beliefs. First, that August 1st will come and go and a new drop-dead date for these crazy tariffs will be announced.  Investors love TACO!  Second, that no matter what…

From TACO to TWIST: Trump Will Impose Severe Tariffs!

This is a no-firing, no-hiring labor market on our hands. In other words, sclerotic. Jekyll and Hyde. Initial jobless claims at 235k show that businesses are far from embarking on a layoff cycle. But the fact that the mountain of continuing claims has reached a fresh 44-month…

If you’ve seen my name or likeness promoting penny stocks on WhatsApp or Instagram — that’s a scam. I joined BNN to address the growing surge of AI-driven deepfake fraud using doctored photos and videos to mislead investors on social media. bnnbloomberg.ca/video/shows/th…

A June jobs report that is consistent with negative prints for real wages and industrial production is deemed by the masses and the markets to be solid. Adjust for the decline in the workweek and the Birth-Death model skew, and guess what? Private sector payrolls sank -400k last…

We just received the updated monthly GDP data from S&P Global. Real economic activity contracted -0.7% MoM in May and has now been flat or down in five of the past six months. Yet, Jay Powell refers to this as “solid” and investors seem to believe him (like they did with Ben…

What is Mr. Market signaling? 1. Zero chance of recession. 2. No tariff damage; more reprieves at a minimum. 3. Peace in the Middle East. 4. Passage of the big beautiful bill. 5. Fed to start cutting right away and a go-for-growth Powell replacement ahead. 6. That equities…

Equity markets are soaring. Bond yields are declining. And the US dollar is falling like a stone. Unless all three are convinced the Fed is cutting rates next month, something here doesn’t smell right.

🌍“Markets, Macro, and Marko” | Free Special Webcast -- July 8th, 2025 @ 4PM ET Join David Rosenberg for a rare, Special Complimentary Webcast featuring one of the sharpest minds in global strategy: Marko Papic. Marko recently returned to the Bank Credit Analyst as…

This deepfake video has been taken down. If anyone sees anything like this, know that it is not ME! I have never, nor will I ever, be pushing penny stocks to anybody.

The likes of Bannon and Carlson could do themselves (and the rest of us) a big favor by pulling their heads out of the sand and reading some books on World War II.  The failure of some of these demagogues to understand world history is incredible - not to mention dangerous.…

Tip of the hat to Pierre Poilievre.