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

Two-thirds of the stocks in his trust will do better under Biden than Trump as president. This runs contrary to popular fears that Biden will raise corporate taxes and push stocks down, but there's a big reason that stocks won't sink: China. Biden won't antagonize China like Trump has, and would likely prevent a further US-China trade war which has pressured markets during the Trump presidency.

It's heartless to not help those in travel, leisure, restaurants, bars, concerts and industries hardest hit by Covid. Washington needs to aid these workers and owners. It is the compassionate thing to do, even though other areas of the economy are surviving or thriving.

All investors are probably confused that we're in the worst economy in decades, yet the American stock markets are reaching all-time highs. In some ways, though, there's a bigger bubble in bonds. As for negative interest rates have failed in places like Japan. How much lower can interest rates go? This and the unattractiveness of cash are driving the stock rally by default. Eventually, this stock rally will break, and this pandemic won't go on forever. We will recover, though at what rate? He predicts global growth in coming years to be subdued as governments lower their debts made during this pandemic. Driving US markets is the feeling that the Federal Reserve has our back. He continues to be in stocks, but is being defensive, though is tilting towards value which he predicts will be a wider multi-year trend in markets.

There was a bit of volatility in September amid fears of rising COVID cases. It was probably a healthy correction. Since the March low, we were seeing an uninterrupted rally. Tech finally pulled back.

E-commerce has been a beneficiary of the pandemic and lockdowns. The trend will probably continue. Under-penetrated areas like groceries are now picking up. You should chose sectors that are more likely to weather the second wave better than others.

FAANGS. Q2 performance were incredible for the big tech stocks. Microsoft is probably their favourite. They also own others like Google. These companies are well positioned to benefit from the pandemic. Their ecosystem provides a competitive advantage.

Oil. The energy market is very difficult. He is concerned of exposure to energy and financials right now. Energy faces oil pricing, but also ESG wave. There are some institutional investors that just cannot own any energy stocks. Green power is more favourable.

The show was interrupted by the Prime Minister's announcement on the rent subsidy program .

Today's rally Stick to stocks that don't rely on stimulus (U.S.). There's too much partisan rancor. Yes, main street absolutely needs this stimulus money. They need to get Mitch McConnell onboard to close this deal. If there isn't one by Monday, he predicts a sell-off. Markets have recently run up too fast, too far, so we're due for a pullback. There's too much complacency in reaction to Washington.

Announcement of government funding to Ford's electric vehicle division. Wind at the back of the Ontario economy. Seeing pickup in auto demand. Auto industry is a real backbone and will have a really nice recovery over the next few years.

Is Washington stimulus or lack thereof a big market driver? Stimulus is a necessary bridge. Recovery is uneven. If certain sectors don't get stimulus, there will be bankruptcies and a domino effect. A stimulus package will get through and will be very bullish.

How safe are pipelines? Pretty safe. No commodity risk. Needed infrastructure to harness any growth in the oil space. Risk if oil completely falls apart or producers go away. That's unlikely. Oil will still have its place.