John Hood

Stocks will rebound this year, but not until the second half. There could be a rolling recession as some sectors are hit, then others. High interest rates will effect earnings in the coming months and that will negatively effect markets. But this is not 2008, no financial panic. That's why he feels investors will step back into market in the second half of 2023, perhaps before that. He remains overweight US stocks. What is your strategy is the market is stable or drops 20%. Be prepared--what sector will you focus on?

Given oil downturn recently Doesn't see a significant effect by oil prices. He likes WDY and other dividend-paying ETFs though prefers a covered call one.

Generally doesn't like these ETFs which are too broad geographically, over-diversified. Maybe if you have a little bit of money to invest broadly, okay. Otherwise, no.

Likes it as well as GLD in the gold space, but he doesn't own any gold. Gold does not hedge against inflation or war. Gold is doing nothing as Putin wages war and other countries like China arm themselves.

It's a covered call US healthcare ETF. HC is a growth sector. HHL pays over an 8% dividend, so it's very attractive. The one-year chart shows little growth, so you buy this for the yield. Tailwind: the baby boomers are getting older, and there's a huge backlog of surgeries built up during Covid. Plus immigration. HC is definitely a growth area.

Buy for TFSA? Likes it. It's a covered call ETF covering all the right sectors like utilities and energy. ZWC sells calls on only half of it, so you experience some growth as well. Likes covered call ETFs in general.

Outlook on China Yes, China is reopening, but China is a strategic threat to North America and there's no transparency in their companies. China has the law of rules, not the law of rule (corruption). He owns nothing in China.

Car deliveries were at record highs, but still missed expectations. Share are down sharply today. Pass.

(A Top Pick Feb 22/22, Down 4%) He bought this and VSP a year ago, instead of doubling down on either of them in order to avoid a heavy tax hit on capital gains when either ETF moves sharply and you average up, like buying at $15/share then buying again at $25/share.

(A Top Pick Feb 22/22, Down 7%) It was a new product, a split between a preferred stock and a bond. It was paying a full point more than anything else. He was sitting in cash then. He bought a little of it and it disappointed. He will sell it.

(A Top Pick Feb 22/22, Down 10%) It's not XSP, so don't confuse them. He often buys US currency assets, but strikes a balance with some CAD assets. Sometimes he hedges and sometimes invests in straight USD.

It's more of a value play, a good idea, but any foreign dividends here will be taxed in Canada.

Where to write covered calls? Any bank, oil stocks or ETFs of both. But ask if you want growth or yield? When is the ex-dividend date? He prefers 6-month contracts to get a good bang for the buck. To go shorter duration means taking on more risk.

A good time to sell AGG and buy the US index? It may be a little late because of the movement by the CAD. AGG is good because it holds both short- and long-term bonds, but the latter has been clobbered. Focus on duration. Look at Purpose's and BMO's US bonds in USD, which are more short term than AGG.