A Comment -- General Comments From an Expert (A Commentary)

It is difficult to time the market and predict market movements and the economy so stay invested. We are starting to see inflation come down gradually but be prudent, diversified and defensive. They invest in recession resistant businesses and nine out of ten of their companies have been generating record profits. He remains optimistic that the North American economy is coming from a strong place so is looking for a soft landing.

Today's better than expected employment numbers are pressuring markets. He remains realistic, bearish. Given Powell's remarks this week, no, that isn't the end of the Fed's tightening. Bulls are stupidly insane. Forget using last year's valuation on a stock as a benchmark for this year's valuation.

Today's better than expected employment numbers are pressuring markets. She's not bearish or bullish. Retail sales says didn't really grow. Wage growth continues, but is slowing. The S&P is trading at 18x 2023 levels that she thinks will come down. On the up side, we're past peak inflation and the worst of the Fed tightening. The tone is changing, but there's a cap to how high we go.

Today's better than expected employment numbers are pressuring markets. If this were July, stocks would keep falling and close 3-4% down, but is isn't happening. Why? Seasonality but more importantly fundamentals. This means, there's a growing chance of a soft landing. Creating more jobs last month is an indicator of that, of a healthy economy. Next Friday, we'll get the inflation figure for November. Note that the Cleveland Fed has been lowering its inflation forecasts.

Today's better than expected employment numbers are pressuring markets. Maybe a recession next year will be shallower than feared. Let's if inflation numbers in the next two weeks bear a trend, a positive one. Seasonality, too, all these factors could give the market some lift into the end of the year.

Very optimistic on the state of the global financial economy right now. Expecting the start of another 4 year bull cycle in the markets. Believes seasonal interest in Silver (Dec-Feb) will result in higher prices. Commercial hedgers are long on Silver right now. Short & intermediate trends are up on Silver as well.

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Investing Mistakes: Too Much Focus on Macro Issues. This year has been a challenge for stock pickers because companies do not matter now. It is all about inflation, interest rates and geopolitical events. There are debt-free companies with high margins and growth rates in the 70-per-cent range, yet their stocks are half, or less, of what they were seven months ago. Everyone worries about the macro picture, and no one cares about the companies. But guess what? You own part of a company when you buy its stock. You don’t own gross domestic product. You don’t own inflation. You don’t own interest rates. You own a company. Many companies will continue to grow and thrive despite the bad economic headlines. Don’t forget what you actually own.

What's changed in the last 3 years? A whirlwind. The seeds of change were already there 3 years ago with Covid 19 cases and border disputes. The war in Ukraine has weighed heavily on 2022. The ETF market has been keeping pace. The US ETF market is about 20x as large as the Canadian one, and that's why he and others believe that the Canadian ETF market has more runway for growth.

Stagflation. A global risk. Canada is something of a refuge, given our more inflation-resistant markets with oil and raw materials being our chief exports. The giant stock runup through the pandemic was focused on technology names, and Canada has a bit of that, but not as big a footprint as you'll find in major US indices like the S&P 500.

ETFs for dividend and some growth. Demand has been through the roof this year. Dozens of dividend ETFs in Canada, with differing sector exposures and strategies. If you want dividend growth, then you'll want to tilt more toward the cyclical areas of the economy than the defensives. Try XDV or CDZ, the bellwether dividend ETFs in Canada.

Safe and secure corporate bond ETF with high rate of return. Huge product category covering every slice of the spectrum from quality to junk. In a rising rate environment, you might want to stick to a shorter term. XSH and ZCS are short-term, corporate, investment-grade ETFs. Had drawdowns, but not as bad as a typical aggregate bond or high-yield ETF. Another option is to just go to cash in a high-interest savings account.

A note on ETF recommendations. He and his team do ETF research, which is applied to model portfolios. They don't manage funds directly.

Bond fund for a non-registered account. Generally speaking, bonds are the first thing you'd put in a registered account, as bond income is taxed at the highest levels. That said, there are products with their own set of risks. One is HBB, which delivers the bond index return in a total return format, so you're not receiving income. Horizons has a whole class of these products that an investor can research.

Buy US index funds monthly? Good practice, behaviourally, to be adding to your investments every month. Even if you're young and can't contribute that much yet. Which index funds to add is a big question. In general, go with the pure passive big heavyweight products that have low fees from iShares and Vanguard and State Street. Those names are a good place to start your research using third-party websites like ETF.com. For Canadians, look at offerings from home-grown names like Invesco, BMO, iShares, Horizons. Using the Canadian-listed ETFs makes particular sense for high net worth investors who want to avoid US inheritance taxes.

Ethical EM funds. ESG is growing enormously. Take a look at FRDM. Tracks the Freedom Index, which looks at countries for freedom of the press, elections, democratic governments. Totally excludes China and Russia. India and Turkey find themselves sometimes included, sometimes not. There are actively managed global ETFs as well, look to their websites for criteria they follow.