This Week's Top Stories

1. From Ep 62 (2026-06-01): Modern Investing Techniques
   Market Pulse: Markets opened mixed with the S&P 500 at 7,581 (flat), NASDAQ Composite at 27,018 (+0.2%), and TSX Composite at 34,677 (-0.3%). Oil climbed on renewed Iran tensions while U.S. equities held near records. Our simulated portfolio sits at YTD +1.44% versus NASDAQ YTD +16.28%, leaving alpha at -14.84% YTD and -19.32% since inception. Sixteen days after the APO insurance-float entry closed -1.81%, the position reminds us that even attractive valuations need sustained catalysts to outperform the benchmark.

Strategy Spotlight

Royalty acquisitions let investors capture cash-flow exposure to operating mines without funding exploration or development risk. Summit Royalties just closed a 1% NSR on Newmont’s Saddle North deposit for C$5 million in shares, giving direct participation in future production at a fixed cost. This structure works best when the underlying asset has proven reserves and the royalty holder maintains low overhead. Investors can screen TSX-V royalty

1. From Ep 63 (2026-06-02): Modern Investing Techniques
   Market Pulse: Markets opened with the S&P 500 at 7,599 (-0.0%), NASDAQ Composite at 27,116 (+0.1%), and TSX Composite at 34,891 (+0.4%). Sentiment stayed measured as Alphabet’s drag offset broader AI infrastructure strength, while Canadian political commentary on economic weakness added domestic caution. Fourteen days ago we picked HD on an earnings-surprise entry after the beat and reaffirmed full-year guidance; it closed +4.86% and reminded us that visible cash-flow visibility after a guidance reaffirmation can still deliver alpha even when broader rotation is underway. Investors should watch whether today’s volume confirms follow-through in AI-related names or signals a stall.

Strategy Spotlight

Custom indexing lets investors build a fully personalized index portfolio without paying management fees, a structure Questrade just launched for Canadian accounts. The approach combines the low-cost, rules-based nature of indexing with the ability to exclude or overweight specif

1. From Ep 64 (2026-06-03): Modern Investing Techniques
   Market Pulse: Markets opened mixed with the S&P 500 at 7,610 (+0.1%), NASDAQ Composite at 27,094 (+0.0%), and TSX Composite at 35,170 (+1.3%). Sentiment is tempered by fresh U.S. tariff proposals on 60 economies and ongoing Middle East tensions. The simulated portfolio sits at YTD +1.44% and since-inception +1.44% versus NASDAQ’s YTD +16.60% and since-inception +21.09%, producing alpha of -15.16% YTD and -19.65% since inception. About 14 days ago we picked PYPL on durable free cash flow and buybacks; the modest close taught us that valuation support alone rarely drives sustained outperformance without a fresh catalyst.

Strategy Spotlight

Geopolitical premium investing involves overweighting assets that benefit from policy shifts such as tariffs or critical-mineral demand rather than broad market beta. Today’s proposed 10-12.5% duties on 60 trading partners and the Canadian antimony discovery highlight how quickly supply-chain security can reprice entire sectors. Investors c

1. From Ep 65 (2026-06-03): Modern Investing Techniques
   Market Pulse: Markets opened softer with the S&P 500 at 7,575 (-0.5%), NASDAQ Composite at 26,939 (-0.6%), and TSX Composite at 35,062 (-0.3%). Sentiment remains cautious as higher oil prices, tariff uncertainty, and AI spending keep investors on edge near record highs. About 14 days ago (Ep48) we picked PYPL (other) — Valuation play on durable free cash flow and aggressive buybacks at depressed multiples. It closed +0.14%. The lesson was that valuation discipline alone rarely overcomes missing volume confirmation.

Strategy Spotlight

Share repurchase expansions create a direct capital return mechanism that can support share prices even when broader markets stall. Shopify’s US$3-billion increase to its existing buyback program illustrates this approach in a high-growth software name trading at elevated multiples. Investors can screen for companies announcing or accelerating repurchases by monitoring TSX and SEC filings through platforms like TMX Money or EDGAR, then cross-re

1. From Ep 66 (2026-06-04): Modern Investing Techniques
   Market Pulse: Markets closed lower with the S&P 500 at 7,554 (-0.7%), NASDAQ Composite at 26,854 (-0.9%), and TSX Composite at 34,802 (-1.0%). Sentiment turned cautious after U.S. jobless claims came in at 225K versus 214K expected, while Fed's Logan questioned whether current rates remain restrictive enough. The portfolio sits at YTD +1.44% against the NASDAQ's +15.57% for alpha of -14.13%, highlighting the need for tighter catalyst screening.

Strategy Spotlight

Fed speakers emphasizing the duration of the balance sheet over its size point to a refined approach for fixed-income allocation. Duration mismatch between the Fed's holdings and outstanding Treasuries directly influences term premia, so investors can adjust by extending ladder maturities when real rates compress. This matters today because rising inflation expectations could make standing still more accommodative, prompting earlier rate adjustments. Implement by screening for intermediate-duration ETFs on platform

1. From Ep 67 (2026-06-05): Modern Investing Techniques
   Market Pulse: S&P 500 closed at 7,584 (+0.4%), NASDAQ Composite at 26,831 (-0.1%), and TSX Composite at 35,217 (+1.2%). The May jobs beat of 172,000 (versus 85,000 expected) plus upward revisions to prior months lifted three- and six-month hiring averages, keeping pressure on longer-duration assets. Equity sentiment stayed mixed as investors weighed resilient growth against a shrinking Fed balance sheet.

Strategy Spotlight

Non-farm payrolls act as a high-frequency gauge of economic momentum that directly shapes sector rotation decisions. When actual hiring exceeds consensus by a wide margin, as it did today, markets typically reprice the path of interest rates higher, boosting financials and value stocks while pressuring growth names. To apply this, pull the latest NFP release into a simple spreadsheet, compare the surprise versus the prior three-month average, and tilt a TFSA allocation toward banks or pipelines only if the beat exceeds 50,000 jobs and volume on financial

1. From Ep 68 (2026-06-06): Modern Investing Techniques
   Market Pulse: Markets closed sharply lower with the S&P 500 at 7,384 (–2.6%), NASDAQ Composite at 25,709 (–4.2%), and TSX Composite at 34,414 (–2.3%). The S&P 500’s worst session of the year coincided with fresh geopolitical headlines out of the Middle East. Fifteen days ago we entered CNR after a multi-year correction; the position closed +8.66% and reminded us that patience on depressed multiples can still pay when cash-flow visibility returns. Investors should watch how index rebalancing flows interact with today’s volatility into the June 22 effective date.

Strategy Spotlight

Index reconstitution creates measurable short-term price pressure on both additions and deletions because passive funds must rebalance holdings on or before the effective date. Today’s announcement that Marvell and Flex will join the S&P 500 while Pool Corp and Campbell’s are removed gives active investors a narrow window to front-run the mechanical buying and selling. The strategy is to screen for

Recap framing for the host

This is a Sunday weekly recap — a 'where we are now' episode, NOT a list of news items. Weave the stories above into one coherent narrative built on these four beats:

1. CONTINUITY — situate each major thread in its ongoing arc so a returning listener feels the through-line. Use natural 'where we are now' language: 'since we last covered...', 'the ongoing story of...', 'an update on...', 'where the story stands now'. Group related threads rather than walking episode by episode.
2. STAKES — for each major thread, say plainly WHY THIS MATTERS: 'what this means for' owners / investors / fans, and the practical consequence. Don't just report that something happened; explain why a listener should care.
3. SPECIFICS — keep the concrete numbers from the week (prices, percentages, counts, dates). Specific figures are what make a recap credible and memorable.
4. FORWARD LOOK — close by calling out the single most consequential development of the week, then an explicit 'what to watch for next week' beat and the biggest open question heading into next week, and finish with one practical takeaway listeners can use.

Keep the same voice and pacing as a daily episode, and give the week the depth it deserves — this is a full-length episode, not a quick skim.

💬 Reply to this email — Patrick reads every one.

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