John DeGoey

Talked about his book coming out entitled 'Bull Shift', bull meaning market that's rising and shift meaning diversion of attention. Financial Services Industry tends to divert attention to the optimistic side of things but we need to be aware of potential problems in today's market. Advisors should be alerting clients to these problems. Markets today are especially worrisome since they have been high for some time. He has been expecting a pullback for some time and believes that it will happen when rate hikes actually happen. Is advising clients to consider emerging markets and gold. Also products that pay a regular income but not necessarily part of the market.

Has just put together a structured product related to inverse participation in the S&P 500. It goes up when the market goes down and down when the market goes up. This would be as a hedge against a coming pullback which he thinks will be more in the U.S. since the market is higher there.

This is a safer way of playing the equity market since it is composed of large cap companies. He doesn't love it but doesn't dislike it as much as others..

Caller asked about Canadian banks. He considers them very resilient and able to provide a steady and growing income stream. Maybe they won't do astonishingly well but are good long term. Not as worried about them as he is about other areas.

This product has an inverse exposure to the Nasdaq which is good because the Nasdaq is expensive and is set for a major pullback. It is also for traders and he cautioned that it must be watched daily for overnight resets.

This involves water infrastructure and the infrastructure field. This is a promising area as governments move to greener economies.

This was actually a technical question not related specifically to ZUE. The caller asked what is the difference between a Canadian hedged ETF and a Canadian unhedged ETF. This is basically a currency question. The hedged gets exposure in U.S. with dollars converted to Canadian. With the unhedged you're buying in one currency and that's that. With hedged you can take the currency conversion out of the equation. He thinks the Canadian dollar will appreciate.

This is basically energy and banks and is good for wealth preservation. Energy has had a good run in the past year and is still a good play for the short term, maybe a year. Worried that everything will drop in the next little while so this one is reasonably good.

Holds industrials so reasonable as a diversifier. Hold no more than 15 to 20 percent. If S&P 500 drops in significant way it will have a negative effect on all world markets.

(A Top Pick Jan 06/20, Down 8%) Delisted with only a few million dollars at time of delisting.

(A Top Pick Jan 06/20, Down 35%) Did very well to end of first quarter. Did poorly for last 1 3/4 years due to Covid. If owned would have sold.

(A Top Pick Jan 06/20, Down 41%) Same story as HIX. As with other Inverse products you must watch every day. Managers can't hold but if he did he would have sold. A general comment - play defense now and take some profits.

Can get it in Canadian dollars and hedge it.

Question was Ultra Pro (PRO). Didn't have enough info. Not sure but probably an inverse product, therefore for trading not long term.

Likes infrastructure since an astonishing amount of money around the world will be going into this. eg. water de-salination, bridges, roads etc. Good core holding and relatively safe. Incredible amount of new and rebuilding going on throughout world over next 5 to 10 years.