Juggling Dynamite

Excellent discussion in this segment. Those who are prepared and positioned in advance have much upside coming in this epic transition.

Keith McCullough: The AI bubble is already bursting, and the worst may still be ahead. I spoke with Hedgeye founder Keith McCullough as markets took another beating, and even he was caught off guard. He had invested in Brazil ahead of the election. Lula won, Brazilian stocks plunged, and Keith took a painful loss. But his bigger concern is America. He believes the AI bubble is already collapsing beneath the surface, with some of the most speculative stocks down roughly 75% from their peaks. Meanwhile, oil remains above $100, inflation is accelerating, and another war with Iran could leave the Federal Reserve unable to rescue markets. Keith thinks U.S economic growth could fall from nearly 4% to just 1% within nine months. Ordinary families are already struggling with prices, job insecurity and the cost of war. Now the wealth created by the AI boom could start disappearing, too. And Keith fears that if Washington responds by bailing out wealthy investors again, the public backlash could be enormous. @KeithMcCullough

— Mario Nawfal (@MarioNawfal) October 26, 2026

Meanwhile, Chinese investors have been walloped once again.

China’s tech-heavy STAR50 stock index lost 40% of its value in four months, erasing about $480 billion, as fears over slowing AI demand and US export curbs on Chinese technology rattle investors. Tom Westbrook explains. Here is a direct video link.

Most housing markets in Canada and the US are moribund, with few active buyers, unsold listings, and prices stalling/drifting down. A typical fallout when financial bubbles burst is for prices to mean-revert to pre-bubble levels.

In the stock market, that suggests prices could retreat below 2019 levels.

In real estate, that could mean pre-2015 levels. In Ontario, where nearly 40% of Canadians live, motivated sellers are now starting to ask for sub-2017 prices. Many other owners are still in denial.

The upside is that lower shelter costs are essential to restoring affordability and correcting extreme financial disparity between older and younger generations. The segment below examines key forces buffeting property markets. It’s important to understand context.

All data now points to a recession in housing, notes real estate analyst Nick Gerli. He sees prices grinding downwards next year, as sellers start capitulating. The silver lining? Housing is starting to become more affordable again in certain markets. For a firehouse of data showing the true state of the housing market right now, watch this video. Here is a direct video link.

Rising bond yields are actually a good thing, says money manager Danielle Park. They finally offer savers a meaningful return. They clear malinvestment. And will bring down the prices of financial assets and housing to much more affordable levels.

Yes, there will be pain as overinflated asset prices correct. But that largely impacts those with assets who have benefitted disproportionately from the low-interest rate era of central planner intervention. For a LOT of charts explaining her optimism, watch this video. Here is a direct video link.