Market. There is COVID-19 in the White-house. There is a chance of a deflationary shock in the short term. If anything were to go wrong, then the US$ would soar. Investors should look at what equities they have in US$. If we get that deflationary shock… your portfolio will survive in the forth quarter. What's driving the market now is headlines. It wants to judge if we are going into a deflationary shock or do we go into hyper inflation. Technology is a hedge if we go into seriously bad news. He would be balanced, diversified, holding a lot of US$ and let's see what happens. He thinks a stimulus package is critical. He thinks it will get passed.

New Money? Yes. He has a $20.21 model price with a 3% upside so he would recommend it here and owns it in client accounts.

He has been recommending this stock in the past. He still thinks this is the best managed company out there. It has had numerous negative transits (Sell Signals). He feels we need to hear from them and they need to resize the dividend relative to what they can pay. It is almost yielding 11%. There are multiple sell signals.

Gold. He distrusts it as these levels. It is the only mistake recommendation in 21 years. This includes the gold companies.

(A Top Pick Oct 15/19, Down 31%) Being a value manager in this market is tough. This fits his definition of a value stock. His model price is $56.73 which is a 60% upside. He still owns it. It looks like it is trying to bottom. We need to get past the doubts about the economy.

(A Top Pick Oct 15/19, Up 14%) His model price is $201 or a 37% upside. They are in phase three trials with a COVID-19 vaccine.

(A Top Pick Oct 15/19, Up 1%) They have great earnings but are delaying a chip for 6 months so investors brutalized the stock after that announcement. It has bounced back.

Where to put RESP money. He would be tempted to include GOOG-Q. Even if they get broken up, the smaller companies would do well.

Where to put RESP money. He would be tempted to include GOOG-Q. Even if they get broken up, the smaller companies would do well.

His model price is $21.20, or a 25% upside. They are paying a 94% payout ratio. This will pay out all the income through to Dec '21. He would wait for a positive transit before buying. It is at the top of the zone. At the $13/14 level he would be a buyer and would even still hold it here.

Banks. If we go into a deflationary shock, all the banks will get hit. He would have some banks but not them all and not be overweight banks here. Everywhere but Canada, the banks are broke and are bad businesses. We have to get through this period.

Foreign Currencies. In the past you have just profited from the Canadian dollar going down. He thinks it will go into the $0.60s shortly. There is no indication the CAD$ is going to move back up yet.

His model price is $13.14, which is only 1.8% higher. He would look for opportunities down the road. It is fully valued right now. Don't buy or sell it here.