Larry Berman CFA, CMT, CTA
Member since: Jul '02
Chief Investment Officer, Partner at
ETF Capital Management Inc.
ETF Capital Management Inc.
Reveal Expert Rating
3859 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
BUY
BUY
April 12, 2021
You're looking at 2.5% to 3% yield. Some of the best value is in small cap dividend payers.
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You're looking at 2.5% to 3% yield. Some of the best value is in small cap dividend payers.
COMMENT
COMMENT
April 12, 2021
ZEB is equal weight where as ZWB is equal weight banks with a covered call overlay. When you think the markets will go sideways or down, covered calls will perform better. However, the covered call gives away some of the upside potential so if you are bullish on growth, forego the covered call.
E.T.F.'s
COMMENT
COMMENT
April 12, 2021
ZEB is equal weight where as ZWB is equal weight banks with a covered call overlay. When you think the markets will go sideways or down, covered calls will perform better. However, the covered call gives away some of the upside potential so if you are bullish on growth, forego the covered call.
E.T.F.'s
BUY
BUY
April 12, 2021
Manages this fund. The target is to generate a yield in excess of 4%. There is also an aspect of capital preservation. Delivers global yield and protection. This strategy will deliver well over the long run. Very liquid.
Show full opinionHide full opinionManages this fund. The target is to generate a yield in excess of 4%. There is also an aspect of capital preservation. Delivers global yield and protection. This strategy will deliver well over the long run. Very liquid.
E.T.F.'s
COMMENT
COMMENT
April 12, 2021
They are both identical. ZWP is not currency hedged. ZWE will hedge those currencies. Right now, he would want more exposure to a strengthening Euro than the CAD.
E.T.F.'s
COMMENT
COMMENT
April 12, 2021
They are both identical. ZWP is not currency hedged. ZWE will hedge those currencies. Right now, he would want more exposure to a strengthening Euro than the CAD.
E.T.F.'s
COMMENT
COMMENT
April 12, 2021
ZZZD gives you exposure to global dividend payers, whereas ZPAY is only US markets. ZZZD has ZPAY in it for the US exposure. ZPAY gives a yield around 6% whereas ZZZD is designed to give 4%.
E.T.F.'s
COMMENT
COMMENT
April 12, 2021
ZZZD gives you exposure to global dividend payers, whereas ZPAY is only US markets. ZZZD has ZPAY in it for the US exposure. ZPAY gives a yield around 6% whereas ZZZD is designed to give 4%.
E.T.F.'s
COMMENT
COMMENT
April 12, 2021
ZMT is a way to play base metals that will be needed to build everything from bridges to EVs. COPX is a pure play copper play, but it trades in New York.
Show full opinionHide full opinionZMT is a way to play base metals that will be needed to build everything from bridges to EVs. COPX is a pure play copper play, but it trades in New York.
E.T.F.'s
COMMENT
COMMENT
April 12, 2021
ZMT is a way to play base metals that will be needed to build everything from bridges to EVs. COPX is a pure play copper play, but it trades in New York.
Show full opinionHide full opinionZMT is a way to play base metals that will be needed to build everything from bridges to EVs. COPX is a pure play copper play, but it trades in New York.
E.T.F.'s
BUY
BUY
April 12, 2021
The world is moving away from oil, but in the short term, there could be increased demand to supply. If oil is $60-$80, oil stocks are pretty cheap. Likes the sector to trade, but not for the long term. The biggest investors in green energy are these traditional energy companies.
Show full opinionHide full opinionThe world is moving away from oil, but in the short term, there could be increased demand to supply. If oil is $60-$80, oil stocks are pretty cheap. Likes the sector to trade, but not for the long term. The biggest investors in green energy are these traditional energy companies.
E.T.F.'s
BUY
BUY
April 12, 2021
The world is moving away from oil, but in the short term, there could be increased demand to supply. If oil is $60-$80, oil stocks are pretty cheap. Likes the sector to trade, but not for the long term. The biggest investors in green energy are these traditional energy companies.
Show full opinionHide full opinionThe world is moving away from oil, but in the short term, there could be increased demand to supply. If oil is $60-$80, oil stocks are pretty cheap. Likes the sector to trade, but not for the long term. The biggest investors in green energy are these traditional energy companies.
E.T.F.'s
COMMENT
COMMENT
April 12, 2021
Educational Segment. There are signs for a melt-up bubble. The BoA has released a report saying that there are more funds flowing into the equity markets than in the last 12 years. It is phenomenal. Looking at two indicators today, the first is bull-bear ratio. The S&P 500 sentiment is becoming extreme. At these times, we see corrections of 5%-10%. We are not seeing the same degree of speculation, however. Looking at the Opportunity vs Caution indicator, it is reaching a high caution level. There is froth. Once earnings get priced in, there will be a sell in May. Need to be more defensive in portfolios in the next months. We are seeing traditional late cycle behaviour but the bubble can get bigger and bigger since the Feds will not be cooling the markets.
Show full opinionHide full opinionEducational Segment. There are signs for a melt-up bubble. The BoA has released a report saying that there are more funds flowing into the equity markets than in the last 12 years. It is phenomenal. Looking at two indicators today, the first is bull-bear ratio. The S&P 500 sentiment is becoming extreme. At these times, we see corrections of 5%-10%. We are not seeing the same degree of speculation, however. Looking at the Opportunity vs Caution indicator, it is reaching a high caution level. There is froth. Once earnings get priced in, there will be a sell in May. Need to be more defensive in portfolios in the next months. We are seeing traditional late cycle behaviour but the bubble can get bigger and bigger since the Feds will not be cooling the markets.
COMMENT
COMMENT
April 5, 2021
Jobs are coming back. Unemployment numbers in Canada are coming this week. There are a lot of positives that the market is celebrating. However, who is going to pay for all this stimulus? Right now, markets are okay and it should continue for the next 4-6 weeks. Valuations are problematic but some times the market doesn't care. Vaccine efficacy is positive.
Show full opinionHide full opinionJobs are coming back. Unemployment numbers in Canada are coming this week. There are a lot of positives that the market is celebrating. However, who is going to pay for all this stimulus? Right now, markets are okay and it should continue for the next 4-6 weeks. Valuations are problematic but some times the market doesn't care. Vaccine efficacy is positive.
COMMENT
COMMENT
April 5, 2021
Tax hikes and corporate tax hikes are coming. Funding gap is more than $2 trillion. This will suck a lot of money out of the capital markets. Liquidity is also a factor.
Show full opinionHide full opinionTax hikes and corporate tax hikes are coming. Funding gap is more than $2 trillion. This will suck a lot of money out of the capital markets. Liquidity is also a factor.
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