I hope everyone is enjoying their weekend. With the shutdown continuing, we are operating with blind spots as to the latest status of the economy. We are going to look at all of the conflicting alternate data and see if we can make sense of it while we hope the shutdown gets resolved. There will other catalysts, as we await the market reaction to the surprising Japanese election result, we have an RBNZ meeting and Canada employment on Friday.
With respect to Canada, one of our clients
, a real estate broker in the Toronto region, wrote a terrific piece Is It Time To 'Buy The Dip' On Investment Condos? . I cover the macro, but if you are looking for micro insights into Canadian real estate, he is a honest resource who doesn’t sugarcoat the situation.Another friend,
, started releasing their macro research for free. I am a fan of their chart decks and nowcasts, so check that out as well.Let’s dig in.