Market Outlook He is still a long term US dollar bull. If anything goes wrong in the latter half of the year, it is the only safe haven, he thinks.

Gold. Gold is not his cup of tea. He has a model price that is over 40% lower than current market prices. He would rather put his money some place else -- outside gold. He would favour stocks that will benefit post-pandemic trends, like e-commerce.

Gold. Gold is not his cup of tea. He has a model price that is over 40% lower than current market prices. He would rather put his money some place else -- outside gold. He would favour stocks that will benefit post-pandemic trends, like e-commerce.

He has a $24.78 model price -- about 20% downward price risk. He is recommending going into the US. He would need to see a sizable pullback in price to consider buying.

Short sellers losing big time. About $18 billion has been lost by short-sellers, according to analysts. They delivered over 91,000 vehicles in their last report -- not huge.

Infrastructure will be build over the next 3-5 years. He has a model price of $18.50 -- about 14% lower than market. He is focusing on US asset plays.

Large money centre banks in the US are under pressure. All the big US banks took MASSIVE loan loss provisions in Q1. The market is a little worried in Q2. The Central bank has put constraints on them, like curtailing dividends -- which is positive. The Treasury department has over $1 trillion in cash reserves that can provide liquidity. He owns Citi and believes their reserves are sufficient. If inflation returns, this sector could easily double, he believes.

(A Top Pick Jul 29/19, Up 84%) Over 40% of Berkshire Hathaway's portfolio is AAPL. He bought in in 2010 and has never sold a share. It is now above his model price, but he still sees it moving towards $500 in the not distant future.

It is the second highest valuation of Canadian bank stocks. He thinks it will ultimately be headed back towards $45, even though his model calls for $69. He would like to see a pullback before buying in. He thinks all the Canadian banks will revisit the lows back in March.

A defensive Utility? He sees utility earnings are over valued. For EMA he would be interested at $40 -- not at $52.

He recommended having a portfolio of these names. As a trade he would sell it, if you bought it lower. Having a portfolio allows for 5-10 baggers that you can sell -- 7 out of 10 may go bankrupt. Treat them as speculative trades.

This was recently on a 52 week low list he follows. He thinks, given the market has it trading, the market believes the balance sheet is impaired. He thinks the dividend will have to be cut. He would consider a speculative buy if it dropped to $10. You should try to sell on a rally.

Safe dividend? He thinks it will likely fall back towards book value -- just under $43. He prefers holding US assets. He thinks the dividend is safe.