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Compiling comments that experts make about stocks while on public TV.

2017-08-28

General Comment by Larry Berman CFA, CMT, CTA

Bias Subject Owned
UNKNOWN NORTH AMERICAN - LARGE & ETFs _N/A

Markets.  The hurricane has an impact on the gas refining industry.  Gas prices are reacting today.  We are 6.5% above average inventory levels.  He does not think we will get a big shoot up like decades ago with Katrina.  XLE-T is showing nothing today.  He would have expected a premium, but today we are actually down.  Supply and demand are more important from a market perspective.  The seasonal pattern for the TSX over 30 years:  We are going into the worst season of the year, from now until mid October or so.  The challenge he has this year is that the TSX has not played out as it normally does year to date.  He thinks the stocks have already reacted so the seasonal pullback should be muted this year.  He sees gold as remaining in the trading range, rather than breaking out in a big way.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc. http://www.etfcm.com

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