Gold. He does not work in fundamentals. He thinks there is a huge upside still and would buy on dips.

He uses GDX to play the mid to large gold sector. You want to buy dips. It will be volatile in the next few months.

Dividend ETFs with a monthly dividend, covered calls and a high yield. They give you great exposure to great companies.

Dividend ETFs with a monthly dividend, covered calls and a high yield. They give you great exposure to great companies.

Dividend ETFs with a monthly dividend, covered calls and a high yield. They give you great exposure to great companies.

Educational Segment. Interest Rate Market Globally. Germany just issued a 30 year bond with a negative interest rate. It makes no sense unless you think the currency will be worth less in 30 years than now. QE may not get the positive results in the equity markets that we love. Fixed income is going to be the most challenging question for investors.

[Berman's Call was pre-empted by G7 Coverage]

Market. Friday morning, 10am, is the only thing that matters this week. What is Powel going to tell us and the world about US monitory policy by the Fed. Last time he was clear that this was a mid-cycle course correction. There is hope that he says that maybe things are slowing and it is more than a mid-cycle correction. Nobody knows if it is the case, this is an experiment in real time. How do you get people to spend more money? Policies designed to stimulate work until debt levels get toxic.

Hong Kong Situation and Exposure to Portfolio. There is some tangential exposure through capital markets' risk. As a percentage it is pretty insignificant. There is probably non-financial systemic risk in it. But economical output coming from Hong Kong is huge and real estate values are the most overvalued market in the world. He is worried this represents an impediment to a trade deal with the US. There is some belief by China that the US is behind all of this. This is not going away any time soon. He thinks this is a big negative. Chinese stocks are amongst, however, the best valued in the world so he is increasingly looking at adding exposure after a broader market correction.

Covered Call Utilities. Utilities, Pipelines and Telcos. The pipeline exposure is going to give you volatility linked to energy prices. Interest rate sensitivity is related to Telcos. Whenever we get interest rate anxiety or oil price anxiety, you get price pressure on this one. He is looking to add below $13. He thinks we will be able to hold the yield.

Educational Segment. Collapsing Bond Yields. He is looking, in his next road show, at the difficulty with these low interest rate environments. We have about a quarter of the world's bond universe with a negative yield. Negative debt in the world Tops $16 Billion ($15 Billion last week). We have now started to see conversations on main stream media about inverted yield curves. The 3 month to 10 years curve has been inverted since May. This has historically portended a recession in a year or two. We could be one foot into it. He is worried about inflation at some point.

Market. Trump has accused China of currency manipulation. China is moving toward a free floating currency. The 7% level on the Chinese US is a big Psychological point. He thinks we are slowly going to go up. It will stress financial markets a little. This is a big factor in the commodity sector but he would not focus on it. China has been slowing for almost 15 years now. The trade deal with the US is what matters. The S&P has no business being where it is right now. We should get a re-test of the December lows later this year. His geopolitical risk monitor has never been higher. He is concerned.