Larry Berman CFA, CMT, CTA
Member since: Jul '02
Chief Investment Officer, Partner at
ETF Capital Management Inc.
ETF Capital Management Inc.
3635 Opinions
Latest Top Picks
Long term, coming out of this, we will get a global reset here. He wants to go to places that are not burdened by tremendous debt and have young populations with runways of economic growth as people age. The developed world's populations are old.
Parts of sub-Sahara and the Middle East. It is a notch below the emerging markets. You get exposure including banks, telecom and construction. There is a lot of risk and currency exposure.
The Fed balance sheet is projected to double in size. They are creating money and monetizing debt and we are never going to come out of this. There is going to be an inflationary impact coming from the world. Supply chains will change. These things will change dynamically but push costs up. Gold will benefit from that for the next number of years.
It is on his shopping list. Don’t buy today. This is global clean energy. This is good for 10-20 years and will be part of global growth. He likes it at $8 or better.
The young people in emerging markets is where global growth this coming from in the next few years. Don't buy here, do it at recent lows or lower.
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COMMENT
COMMENT
November 23, 2020
Big move in the energy sector today with the good news on vaccines. Canadian banks are also back towards pre-covid levels. Vaccine distribution logistics and vaccination rates will also be important.
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Big move in the energy sector today with the good news on vaccines. Canadian banks are also back towards pre-covid levels. Vaccine distribution logistics and vaccination rates will also be important.
COMMENT
COMMENT
November 23, 2020
It gives exposure to the Dow with a currency hedge. It could be a good way to play it for Canadians in terms of exposure. He would stick to the S&P500 rather than to the Dow.
Show full opinionHide full opinionIt gives exposure to the Dow with a currency hedge. It could be a good way to play it for Canadians in terms of exposure. He would stick to the S&P500 rather than to the Dow.
E.T.F.'s
COMMENT
COMMENT
November 23, 2020
The general rules is that if you think interest rates will rise, you want exposure to floating rate bonds. You may see some movement in terms of the bond markets pushing yields higher. However, the world probably works only in a low interest rate environment right now in the short term.
Show full opinionHide full opinionThe general rules is that if you think interest rates will rise, you want exposure to floating rate bonds. You may see some movement in terms of the bond markets pushing yields higher. However, the world probably works only in a low interest rate environment right now in the short term.
E.T.F.'s
BUY
BUY
November 23, 2020
An actively managed and highly concentrated portfolio of dividend playing stocks. IF they are in the wrong sector, there could be some volatility. Has no problem with it, but would prefer for something more diversified. If you are okay with volatility, it is an okay holding.
Show full opinionHide full opinionAn actively managed and highly concentrated portfolio of dividend playing stocks. IF they are in the wrong sector, there could be some volatility. Has no problem with it, but would prefer for something more diversified. If you are okay with volatility, it is an okay holding.
E.T.F.'s
BUY
BUY
November 23, 2020
He is still bullish on gold. Weaker US dollar, negative interest rates and low interest rates are positives for gold. The current volatility is on reflation and the rise of bond yields. Once bond yields rise, home sales drop. You have to buy dips in the sector.
Show full opinionHide full opinionHe is still bullish on gold. Weaker US dollar, negative interest rates and low interest rates are positives for gold. The current volatility is on reflation and the rise of bond yields. Once bond yields rise, home sales drop. You have to buy dips in the sector.
E.T.F.'s
BUY
BUY
November 23, 2020
Depending on the vectors you want exposure to, these are his favourite ways to play the gold sector. He believes the world will be in a low interest rate environment for years to come. Gold will outperform.
Show full opinionHide full opinionDepending on the vectors you want exposure to, these are his favourite ways to play the gold sector. He believes the world will be in a low interest rate environment for years to come. Gold will outperform.
E.T.F.'s
BUY
BUY
November 23, 2020
Depending on the vectors you want exposure to, these are his favourite ways to play the gold sector. He believes the world will be in a low interest rate environment for years to come. Gold will outperform.
Show full opinionHide full opinionDepending on the vectors you want exposure to, these are his favourite ways to play the gold sector. He believes the world will be in a low interest rate environment for years to come. Gold will outperform.
E.T.F.'s
BUY
BUY
November 23, 2020
Depending on the vectors you want exposure to, these are his favourite ways to play the gold sector. He believes the world will be in a low interest rate environment for years to come. Gold will outperform.
Show full opinionHide full opinionDepending on the vectors you want exposure to, these are his favourite ways to play the gold sector. He believes the world will be in a low interest rate environment for years to come. Gold will outperform.
E.T.F.'s
BUY
BUY
November 23, 2020
It focuses on over-weighting higher dividend players. A good way to play dividend if you are looking to gain exposure to the US. No problem with it.
Show full opinionHide full opinionIt focuses on over-weighting higher dividend players. A good way to play dividend if you are looking to gain exposure to the US. No problem with it.
E.T.F.'s
COMMENT
COMMENT
November 23, 2020
Growth versus value. As we reflate and go back to normal, there will be money coming out of growth names and into value.
Show full opinionHide full opinionGrowth versus value. As we reflate and go back to normal, there will be money coming out of growth names and into value.
E.T.F.'s
COMMENT
COMMENT
November 23, 2020
Growth versus value. As we reflate and go back to normal, there will be money coming out of growth names and into value.
Show full opinionHide full opinionGrowth versus value. As we reflate and go back to normal, there will be money coming out of growth names and into value.
E.T.F.'s
COMMENT
COMMENT
November 23, 2020
Educational Segment. Over the last year, we have seen dramatic moves up and down in the markets. In a recession, you get multiple waves of selling. This time, we did not get this. Looking at the sentiment of the market, the standard deviation for those who are bulls is quite significant. He thinks we will see a side-ways consolidation for the next couple months. Good news is already priced in.
Show full opinionHide full opinionEducational Segment. Over the last year, we have seen dramatic moves up and down in the markets. In a recession, you get multiple waves of selling. This time, we did not get this. Looking at the sentiment of the market, the standard deviation for those who are bulls is quite significant. He thinks we will see a side-ways consolidation for the next couple months. Good news is already priced in.
COMMENT
COMMENT
November 16, 2020
We have to distinguish news on vaccine efficacy and trying to chase stocks. Moderna has seen more insiders selling than buying. It is unmistakably speculative. The news is great and the efficacy is fantastic. It will take a couple quarters for vaccines to be distributed. We are already at all time highs though. We see a rotation away from stay at home stocks.
Show full opinionHide full opinionWe have to distinguish news on vaccine efficacy and trying to chase stocks. Moderna has seen more insiders selling than buying. It is unmistakably speculative. The news is great and the efficacy is fantastic. It will take a couple quarters for vaccines to be distributed. We are already at all time highs though. We see a rotation away from stay at home stocks.
COMMENT
COMMENT
November 16, 2020
There was a lot of talk that the republicans did very well in the house and senate. Therefore, there was talks we would not see tax hikes. However, he is not sure. They will need to push through tax hikes. They want to do massive stimulus. There will be some battling in Congress. We will probably be surprised by the willingness and degree to let tax hikes happen.
Show full opinionHide full opinionThere was a lot of talk that the republicans did very well in the house and senate. Therefore, there was talks we would not see tax hikes. However, he is not sure. They will need to push through tax hikes. They want to do massive stimulus. There will be some battling in Congress. We will probably be surprised by the willingness and degree to let tax hikes happen.
COMMENT
COMMENT
November 16, 2020
He owns both. Timing is the question. The hedge between the foreign currency and the Canadian dollar. Looking at the Euro-Canadian exchange rate, below 1.50 Euro-Cad, you want exposure to ZWP. Over 1.60, you want ZWE. He is wanting more exposure to the Euro and the British pound, so he is moving towards ZWP.
He owns both. Timing is the question. The hedge between the foreign currency and the Canadian dollar. Looking at the Euro-Canadian exchange rate, below 1.50 Euro-Cad, you want exposure to ZWP. Over 1.60, you want ZWE. He is wanting more exposure to the Euro and the British pound, so he is moving towards ZWP.
E.T.F.'s
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