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A historically volatile month, September this time has been more choppy than volatile. There's been an orderly decline, moderate weakness, in the TSX, while the U.S. has gone sideways. Causing this is sector rotation, from weakness in mining, strength in energy while the banks go along in Canada; in the U.S. there's back and forth between AI semis and software battling it out. Looking ahead, he's focused on the US Midterms, the 4 weeks before then after those elections, which are usually volatile. On top of that, we have earnings season. Politics, such as tariffs have had such an impact on markets. Meanwhile, treasury yields and rates are impacting companies, including AI ones.

The question was on buying gold. He doesn't own gold or gold companies. If you want gold it is best to buy an ETF to reduce production risk. It is OK to buy gold up to 5% of your portfolio. Gold is not likely to have the massive run-up it has had before.

He believes in Elon Musk and hoeps Tesla and SpaceX merge to create great synergy. Be patient and long term with this stock. The business is good and get only better in time.

The percentage of stocks above their 200-day average. The S&P is well above its 200-day, especially now, but the percentage of stocks that are above fell sharply last week. Now, more stocks than not are breaking their long-term trend. This is called a decay in market breadth and is a leading indicator. As it decays, eventually the top is formed. Another chart shows the number of stocks making new 52-week highs and lows. In the last 2 weeks, we saw a serious decay where the market is grinding higher to make new highs, but fewer stocks are participating. The warning signs are there, so maybe rebalance or take some profits, but don't sell a lot. Markets can still go higher for a while.