Larry Berman CFA, CMT, CTA

Believes US Fed will keep interest rates higher for longer. Markets are not pricing for a recession given current stock prices. Paying close attention to US Federal Reserve the next few months. Probably of a recession is higher given markets reaction to US Federal Reserve. Waiting to see upcoming earnings results to determine accurate pricing of stocks.

A good way to get exposure to Canadian travel industry. Expect high volatility. Likes the recovery theme within the sector (good risk and return).

Prices have started to rally. Believes yield is going to fall.

Good time to be buying under valued REIT. Healthy dividend. Attractive valuation.

Not interested at current pricing. Waiting for interest rates to rise. Not a good time to buy.

Not much growth in Canada lately. Better options in the US for growth investors.

Not a good buy for return on capital. No growth and no return. Volatile and past best before date.

A good way to trade commodities. Not a good long term investment.

Educational Segment. Probability of recession next year high if US Fed keeps interest rates higher for longer. When looking at corporate earnings, market is not pricing for recession. Warning that tough times are ahead, and "bottom up analysts" have "no clue" what they are talking about. Not a good time to invest in energy. 10 Trillion dollars in debt refinancing coming due in the next 10 years (higher interest rates will make this very difficult). Dark clouds over the economy.

Believes central banks raising interest rates was long over due. Expecting higher interest rates for longer. 50 basis point raise this week almost certain. Question is whether more rate increases are coming. Not sure whether a soft landing is possible. Rising interest rates makes sense, and real estate investors should have been prepared. Tailwinds from the past decade are in the rear view mirror (best of tech growth etc.). Thinks that inflation has peaked, but question is where it will settle (4 or 5%).

Discount bonds that don't trade at a premium price. Not a good buy right now. Too complex. Capital gains tough to figure out.

Looks for companies that are less economically sensitive. Good time to add if defensive. Not as much value in stocks relative to tech names. Not a good buy for aggressive investors.

Corporate bonds that are maturing in a year or less. Total returns including yield equates to a healthy return. Good defensive name for investors.

Good way to get exposure to natural gas. Strong returns the past year. High volatility.

Educational Segment. Believes market is misinterpreting US FED policy, and thinks rates will remain higher for longer. Interest rates need to remain higher for longer in order to stabilize the economy. Market is pricing in aggressive interest rate easing as if recession is coming.