Larry Berman CFA, CMT, CTA
Member since: Jul '02
Chief Investment Officer, Partner at
ETF Capital Management Inc.
ETF Capital Management Inc.
3541 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.
Signal
Opinion
Expert
Chart
DON'T BUY
DON'T BUY
September 14, 2020
It is a leveraged natural gas ETF. It could be a good trade if you are well-versed in it, but you should not hold it long term at all. It is a tool for short term speculation.
Show full opinionHide full opinion
It is a leveraged natural gas ETF. It could be a good trade if you are well-versed in it, but you should not hold it long term at all. It is a tool for short term speculation.
E.T.F.'s
COMMENT
COMMENT
September 14, 2020
Overall, the sector will be fundamentally under pressure since the world is moving to cleaner energy. The sector is now tradeable but not investable.
Show full opinionHide full opinionOverall, the sector will be fundamentally under pressure since the world is moving to cleaner energy. The sector is now tradeable but not investable.
integrated oils
BUY
BUY
September 14, 2020
This is a better way to play infrastructure. As governments look to put more people back to work, there will be higher demand for base metals.
Show full opinionHide full opinionThis is a better way to play infrastructure. As governments look to put more people back to work, there will be higher demand for base metals.
E.T.F.'s
COMMENT
COMMENT
September 14, 2020
Educational Segment. There has been a massive amount of small investors playing the option markets. There has been hedge buying that has propelled stocks up. Although there is a lot of exciting developments in tech, earnings growth has not kept up with stock price. There is rampant speculation from non-institutional investors on companies like Apple. We must wait for pullbacks. He would write a put for $80 a year from now for Apple to be paid while you wait.
Show full opinionHide full opinionEducational Segment. There has been a massive amount of small investors playing the option markets. There has been hedge buying that has propelled stocks up. Although there is a lot of exciting developments in tech, earnings growth has not kept up with stock price. There is rampant speculation from non-institutional investors on companies like Apple. We must wait for pullbacks. He would write a put for $80 a year from now for Apple to be paid while you wait.
N/A
N/A
September 4, 2020
Sell off. The markets are very expensive, especially thinking about the market cap of Tesla being larger than the rest, or that FANGS are larger than most economies in the world. In the next while, we can expect investors to take some profits.
Show full opinionHide full opinionSell off. The markets are very expensive, especially thinking about the market cap of Tesla being larger than the rest, or that FANGS are larger than most economies in the world. In the next while, we can expect investors to take some profits.
N/A
N/A
September 4, 2020
Employment. Employment numbers were on expectations in the US and Canada. Permanent job losses are going up however. Things will restructure in time but in the short term, there is deep change. It's a bifurcated markets with the real economy not matching up with the equity market.
Show full opinionHide full opinionEmployment. Employment numbers were on expectations in the US and Canada. Permanent job losses are going up however. Things will restructure in time but in the short term, there is deep change. It's a bifurcated markets with the real economy not matching up with the equity market.
COMMENT
COMMENT
September 4, 2020
Because of volatility spiking up to tremendous levels, the option premium income went up everywhere. From now till the end of the year, you can expect volatility. You can expect 2-3% of extra yield from option strategy than the underlying stocks.
Show full opinionHide full opinionBecause of volatility spiking up to tremendous levels, the option premium income went up everywhere. From now till the end of the year, you can expect volatility. You can expect 2-3% of extra yield from option strategy than the underlying stocks.
banks
BUY
BUY
September 4, 2020
A great all market ETF for any long-term investor with a large horizon.
Show full opinionHide full opinionA great all market ETF for any long-term investor with a large horizon.
E.T.F.'s
COMMENT
COMMENT
September 4, 2020
It provides direct euro exposure based in the US. Euro is best capped at 125 versus the US dollar.
Show full opinionHide full opinionIt provides direct euro exposure based in the US. Euro is best capped at 125 versus the US dollar.
E.T.F.'s
WAIT
WAIT
September 4, 2020
He uses ZWC to be defensive when he's close to the high point to have more buffer for when the markets go sideways or down. From a low point, you want ZDV to get dividends without covered call. He would wait for a pullback before putting new money in.
E.T.F.'s
WAIT
WAIT
September 4, 2020
He uses ZWC to be defensive when he's close to the high point to have more buffer for when the markets go sideways or down. From a low point, you want ZDV to get dividends without covered call. He would wait for a pullback before putting new money in.
E.T.F.'s
DON'T BUY
DON'T BUY
September 4, 2020
The NASDAQ100 is more expensive than it has ever been. Long-term, technology will continue to do well. In the next couple months, he expects a pullback by 10-15%.
Show full opinionHide full opinionThe NASDAQ100 is more expensive than it has ever been. Long-term, technology will continue to do well. In the next couple months, he expects a pullback by 10-15%.
E.T.F.'s
COMMENT
COMMENT
September 4, 2020
He is a value investor and he does not believe the criteria are met for either. To play momentum, it is another game. As these companies mature, they will trade at normal PEs.
Show full opinionHide full opinionHe is a value investor and he does not believe the criteria are met for either. To play momentum, it is another game. As these companies mature, they will trade at normal PEs.
COMMENT
COMMENT
September 4, 2020
He is a value investor and he does not believe the criteria are met for either. To play momentum, it is another game. As these companies mature, they will trade at normal PEs.
Show full opinionHide full opinionHe is a value investor and he does not believe the criteria are met for either. To play momentum, it is another game. As these companies mature, they will trade at normal PEs.
Technology
COMMENT
COMMENT
September 4, 2020
The average analyst target is $46/share. Most signals are a buy. He does not know enough about its valuation.
Show full opinionHide full opinionThe average analyst target is $46/share. Most signals are a buy. He does not know enough about its valuation.
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