The Canadian Investor What’s Driving the Drop in Tech Stocks and Bitcoin?
Nov 20, 2025
Simon and Dan explore Canada's latest CPI print and how it diverges from grocery prices. They discuss the recent drop in crypto and high-growth tech stocks, attributing it to leverage liquidations and market sentiment. The duo delves into Berkshire's stake in Alphabet and what it signals for big tech. They also highlight Loblaw's impressive earnings and how it reflects food inflation and defensive compounding strategies. The conversation weaves through the complexities of inflation, investment strategies, and market dynamics.
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CPI Numbers Don't Mirror Your Cart
- CPI headline can mislead because category weights and regional differences matter for personal experience.
- Food and gasoline moves in the CPI basket may not match your grocery bill or local pump prices.
Core Inflation May Be Higher Long Term
- Core inflation measures like CPI-median and CPI-trim remain sticky despite headline moves.
- Simon expects a long-term inflation regime around 3% rather than the old 2% norm.
Personal Bitcoin Exposure And Recent Drawdown
- Simon shares he has a large personal allocation to Bitcoin and has benefited over time despite recent drawdowns.
- He notes bitcoin is down ~20% in the past month and ~30% from peak in USD terms.