Market Outlook The US Fed is likely to decrease rates by 25 points this week. Central Banks globally are trying to avoid having the economy sink into recession. He questions whether they have that power to delay it indefinitely. The business cycle is coming close to the end and he wonders if President Trump is trying to create a trade war ahead of the next election. The US 10 year treasury yield has dipped below 2% and could fall into negative territory. As long as we are below 2.7% yields we are in a financial "repression". He thinks we are already in recession and the bond yields are already telling us this. We actually need a recession.

He has a model price of $66.16. He would like to see a pullback to $53.68 to be a buyer.

Time to invest in Canada? He has been down on Canada for the last 4-5 years. He has sold the Canadian dollar. He does like software in Canada. The energy sector has been an example of wealth destruction. Investors should be using cash to pay down debt right now -- the best return in this market.

A great company for the future. His model price is $30. You are buying in the opportunity to share in growth -- there is no fundamental reason to own this today however. You are paying top dollar for the future growth. He could see a 40% pull back and would consider it then.

The Canadian oil and gas index is still not indicating a bottom is here yet. At this price level, the market is questioning the balance sheet of this company. He is not a buyer under this scenario. We might see this trade down to $4. He would stay away.

US dollar He thinks investors will flock to the US dollar when the economy slips. This could be accentuated following the next US election.

Buy more now? He is not a fan of Enbridge. The yield is not sustainable as cash flow does not support it. His model price is right around current values. His book value is $33 and that is where he thinks it may be heading. Yield 6.68%

The valuation is very high. His model price is just over $90 -- a bid discount on current prices. He would be a buyer at $72. People are just paying too much for future growth potential.

(A Top Pick Jul 17/18, Up 5%) He favoured the US banks after the election of President Trump. If the Fed cuts more than 25 points this week, this would hurt them. He feels the banks outside North America are effectively bankrupt already -- especially in Europe. He still owns this as he feels they are still well capitalized, although he has taken some profit.

(A Top Pick Jul 17/18, Up 2%) He still feels it is cheap and the balance sheet is strong. He likes the dividend yield. He would still buy at this point. His model price is almost $90 -- huge upside.

(A Top Pick Jul 17/18, Up 37%) He has recommended this for many years. The model price is over $73. A back door into blockchain technology. Yield 2.43%

Bitcoin? He just does not understand how people trust bitcoin, where participants are people trading in the basement in their underway. He favours participating in blockchain technology instead.

He does not look at stocks trading at this level. This stock could go anywhere. He predicts it goes down.

He would buy it here. His model price is over $53. This is the cheapest valuation it has been at in years and has a good dividend that is sustainable. He also favours investing in the US right now. Yield 4.25%