Market Commentary — Page 581

Market Commentary

BUY

Natural Gas. He thinks natural gas will do well this winter. Cold weather in Alberta has put the price above $2. Tax loss selling could be severe this year.

N/A

Electric cars: We will not use them for long distance. There are about 100 million electric vehicles sold a year. Reserves are shrinking and we are running out of reserves to service the remaining gas vehicles.

COMMENT

Optimistic about trade talks? No. Tomorrow's the deadline, and doesn't imagine major ground will be broken. Some feel Trump needs a symbolic win. This is much ado about nothing. Investors can put too much emphasis on political drama, and not enough on economic fundamentals. These are pretty good in the US, but there is general macro economic uncertainty.

COMMENT

Canadian jobs data. Don't lose any sleep over the numbers. Jobs do matter more than anything else in economic data, but they're unpredictable to predict. It's give and take from month to month. Canadian data is not as market moving as US data, but it's like throwing darts trying to forecast.

COMMENT

Surprised about the continued fallout in the pot space? Not at all. His firm has said for 2 years that holding weed stocks is a mania. The sky is falling, and it has further to fall.

COMMENT

WeWork is the largest user of Manhattan office space. If that IPO is unsuccessful it could have a major impact on the real estate market there. Who would back-fill the commitments to the space. It is not so much of an impact in Canada however. The multiples applied to WeWork are high.

COMMENT

Embassy Office REIT is India's first REIT IPO, backed by BlackStone. His company was asked to help anchor this high quality holding of assets and it is up 40% since the IPO in March. It trades on the Mumbai exchange -- difficult for Canadian investors to access.

COMMENT

A new GTA REIT Continuum REIT is his single largest holding in their Real Estate fund -- a private fund that just launched its prospectus last week. It holds apartments in the GTA area of Ontario. They are exploring an IPO -- a pure play exposure in this very hot market. Rent controls in the market actually caused other rents to spike as people held onto their apartments. This REIT will take advantage of the opportunity to raise rents on the units available. This shows rent controls are not the answer to keeping rent affordable. You need to increase the supply.

COMMENT

Markets are swayed by sentiment, optimistic today going into tomorrow's trade negotiations. She doesn't think it will be an all-encompassing deal, perhaps at least a stop in tariffs which would be positive. The trade war is impacting the world with two quarters of US contraction in manufacturing as well as in Europe. Overall numbers are starting to soften. Some progress in trade is needed. FedEx is a proxy to the trade war, but they bought they bought a European transport company, but need to invest more money and take more time to integrate them; also European economic softness doesn't help. Meanwhile, online commerce means more business-to-commerce, so FedEx and UPS need to invest more there. The US consumer remains very strong, and wage growth is rising. Consumers have some money in their pockets, so Costco is benefitting.

COMMENT

He's not investing in resources now, doesn't see the upside. There's been a pullback in tech names like Uber, Lyft and Shopify, which is the first crack in these names. Maybe this is temporary or long-term. He still likes tech. He believes that Trump wants a deal ahead of the next election which will benefit his campaign, but China isn't playing along. This makes it tough to invest in tech hardware which is seeing volatility. Trump has until Q1 2020 to sign the deal or else he loses business confidence. This is the most-anticipated recession; the market has been talking about one for 18 months. But investors are well-positioned with REITs, staples and utilities are hitting new highs.

COMMENT

He's not overly concerned with the current sell-off. Sit back and relax a bit. Markets have been sideways for 18 months, actually. It's still a bull market. Underneath this mess, we've had three mini-recessions in the past decade. Unemployment remains at all-time lines and productivity is still good. Investors are scared, not putting money to work. The markets are 2-3% below all-time highs. People are overreacting. He's holding more cash than usual at 15%. He won't turn bearish until American and Chinese consumer numbers turn negative. The big money now is to sit on your hands--be patient, not bearish.

COMMENT

Where the Dow is going Boeing has issues. Apple is doing well. And so on. There are undercurrents in the big 30 names, price-weighted, held within the Dow. The Dow isn't perfectly constructed, but oddly enough the S&P is very correlated to the Dow. But he'd prefer to look at the S&P which holds a wider breadth of stocks so he sees what is going on in the markets.

N/A

Market. There are clearly risks as we go into the fourth quarter. There is a lot of political risk. The US China trade talks this weekend are important. China is playing off Trump's weaknesses. We are looking at a year when there are technically no earnings growth. He thinks the US don’t want Trump to have an election win. Congress will not pass an infrastructure spending bill. The unfunded pension liability globally is estimated to be $200-300 Trillion over the next 30-50 years. Low interest rates are a key reason for this. This problem will not be solved with interest rates going to zero again.

N/A

If you can buy puts in your portfolio you should consider covered call put protection. It is challenged, though. His funds work in this way.

BUY

Defined outcome ETFs from Innovator. They create a structure with options in the ETF to make potentially 10% upside. It has strategies that protect you for from downside. He loves these strategies.

Showing 8,701 to 8,715 of 21,957 entries

Most Recent Experts

Jenny Harrington, CEO, Gilman Hill Asset Management

Gilman Hill Asset Management

Kevin Simpson

Capital Wealth Planning

Jim Lebenthal

Cerity Partners

Bill Baruch, Founder, Blue Line Capital

Blue Line Capital

Brianne Gardner

Raymond James

Wealthica The ultimate 360° Tracker Your financial life in one place, automatically

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Summer Sale

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

Natural Gas. (A Commentary)

Electric cars: (A Commentary)

Optimistic about trade talks?(A Commentary)

Canadian jobs data.(A Commentary)

Surprised about the continued fallout in the pot space?(A Commentary)

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

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

A new GTA REIT(A Commentary)

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

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

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

Where the Dow is going(A Commentary)

Market. (A Commentary)

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

Defined outcome ETFs from Innovator.(A Commentary)

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

Jenny Harrington, CEO, Gilman Hill Asset Management

Kevin Simpson

Jim Lebenthal

Bill Baruch, Founder, Blue Line Capital

Brianne Gardner