A Comment -- General Comments From an Expert (A Commentary)
COMMENT
Infrastructure for him includes data centres and indie renewable power like Boralex. Broad. He's worried that renewables have run up too far and valuations have run up, especially outside Canada where investors are paying for future growth. He still likes renewables long term, but is careful given these valuations.
COMMENT
Buy airlines and airports now with rumours of government aid. He wouldn't buy either. He doesn't invest based on government aid. What matters are the fundamentals to a business, and this industry is weak. The heart of this is long-haul international business travel, which he doesn't see happening for a while during the stay-at-home trend.
N/A
Market. There are several things that are worrying the market today. People want to see a US fiscal package and the COVID problem is a long term problem now. Seeing numbers for COVID going up in the US is adding stress to the markets. People are worried about the US polls. They are not sure who is going to win or what the consequences are. You want to stay away from cyclical stocks. You want those that have driven the economy recently. You will have better revenue growth and margins.
Paul Harris, CFAUnknown
COMMENT
There's a lot of disappointment on stimulus. There were expectations of one being passed, but now it is clear we will not be getting one. There will be nothing before the election. We could see a small bill after the election passes. We will only see real stimulus in January or February. Markets are pricing in this, and lower earnings expectations.
Larry Berman CFA, CMT, CTAUnknown
COMMENT
The election could be far closer than the national pollsters predict. He believes we will see Supreme Court battles, especially in Pennsylvania. These threats have not been priced into the market.
Larry Berman CFA, CMT, CTAUnknown
COMMENT
Gold. It could break above the $2,000 level due to stimulus. Eventually, central banks will be creating stimulus by buying debt which ultimately creates reflation and lower interest rates. The feds will then accept higher inflation which leads to lower negative yields for the next year or two. Remains one of his favourite asset class.
Larry Berman CFA, CMT, CTAUnknown
COMMENT
Equities. We will get through Covid and a vaccine and other immunity will allow for the economy to open up for good. Part of the economy that can't fully open up right now is under valued and could be good for trading. Tech and others who are fully operational are fully priced right now.
Larry Berman CFA, CMT, CTAUnknown
COMMENT
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. In regards to the US elections, there are some that view a Biden win as still good for the market with another stimulus. Volatility is expected but markets can surprise sometimes. Unlock Premium - Try 5i Free
Stockchase InsightsUnknown
COMMENT
We'll eventually get a stimulus package, but not before the election. This stimulus optimism is unhelpful. We knew the Covid spike would come when the weather got colder, and American needs a national mask-wearing mandate which is effective and the least disruptive way to fight Covid. This will be a rocky week, so buy these sectors into weakness: digitization, home renos, cars, 5G and hygiene stocks.
COMMENT
The past months have taught investors to be more humble. The market must be more correlated with the mainstream. The hurt in the economy should be reflected in the market. Markets are forward looking vehicles and if they can snip out a solution, it will price this in. The bottom-line is with the humbleness, there is a need to not try to time the market, and to take a balanced view for the long-term. Evaluate your risk profile by including hedging and off-sets like fixed income or gold. Look at it holistically.
Gordon ReidUnknown
COMMENT
When you see the pricing mechanism of the market, it gives a lot of credit to visibility and predictability. The market is moving closer to that clarity. The US election is coming up, and a lot of people are waiting on that. The market goes up most of the time though. Economic engine is pushing for growth. One's primary position in the equity market should be invested.
Gordon ReidUnknown
COMMENT
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. We could see some tax loss selling in US tech stocks, especially come January. However, the volatility should be fairly short lived. If you hold these stocks long, there is no reason to worry and investors should just ride it out. Unlock Premium - Try 5i Free
Stockchase InsightsUnknown
COMMENT
Any clouds on the horizon for tech stocks? Lots of uncertainty will create market turbulence. Trump testing positive, US-China trade, anti-trust actions, another potential Covid wave, lapse in fiscal stimulus, chances of a Democrat sweep, threat of drawn-out voting process. He's up 24% this year, but not letting down his guard. He's 80% invested, with 20% cash. A lot of stocks have touched his price target, so he's ended up with a cash position. Cloud, semiconductors, software applications are the main themes, with lots of moving parts.
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