Stock price when the opinion was issued
Continues to look at the US market in a bullish sense. We have low energy costs and low interest rates. What is not to like out there. He is Bullish on the US and sees that there will be wage demands and a little bit of inflation. That recovery is going to continue throughout the economy. This also drills down into mid-caps and small-caps, so it is a much more broad coverage.
Canadian $ hedged. Broad markets. Smaller accounts should not do the smaller sector ETFs. There is nothing wrong with this in these situations, however. He prefers to look at the sectors individually otherwise. It is not a core holding for him. He likes Vanguard.