Market. He is watching the American NAHB Housing Market Index. Global PMI numbers were contracting for 6 months in a row yet the home building numbers are at 20 month highs. You rarely have a recession when the home building industry is doing well. Lumber prices are picking up. Consumer spending south of the boarder is at a 6 year low but optimism is at a 19 year high. This is a conflict. The federal reserve is cutting rates and yet the unemployment rates are at 50 year lows. There are plummeting bond yield. Investors should take a shallow recession into account.

You should be concerned about electric vehicles if ATD.B-T will be a long term hold. Electric cars can be charged at home whereas there is no choice as to where to take an internal combustion engine. They are watching Norway which is the leader in electric vehicle adoption.

This would be the best of the life insurers. They have the cheapest valuation, the least leverage and the most opportunity for selling off legacy assets that are holding it back. It is a short term buy.

The CEO just bought a million shares. They just purchased a refinery at a steal. The larger refinery companies would not be interested in something this small.

It will hold up in an economic recession. His only concern with pipelines is that interest rates have come down so far in the last year, if interest rates went back up, pipelines would probably come back off. You may only want to own some, rather than adding to the position.

This company has had a massive run from 2014 to where it is today. After 2008 the company was focusing on squeezing as much money as possible out of their games. About 2012 they got voted worst company in America by consumers. Then again in 2013 so it got management's attention. They changed the CEO and then the company took off. It pulled off recently because they are competing with some big players in the world.

It is coming back to life largely due to their success with E-commerce. They are leveraging the infrastructure they have. They are one of the largest E-commerce companies in the US.

It has come off a lot because they did a large expansion at the beginning of the decade. They were banking on an increase in sales. They have a larger cost base and sales are coming off. Typically downturns in the auto sector are four years long and we are in year three. Ford would have the biggest ability to increase when the sector picks up.

(A Top Pick Dec 10/18, Up 27%) It is growing rapidly and is priced at a single digit PE ratio. The PE cannot fall much more than where it is now.

(A Top Pick Dec 10/18, Up 10%) Sentiment in the oil patch is so negative that companies are not being recognized for what they plan to do down the line. He has reduced purchases on this one. There are better places to invest. It is better to get out now.

(A Top Pick Dec 10/18, Up 14%) It is a steady performer. It is more challenging in the US for them now with falling rates. He would stick with it. This is a good time to buy Canadian banks when sentiment is low.

He has their product in his office. The stock is struggling. They lowered guidance twice this year. They have a new management team in place. They are re-vamping their sales strategy. The change of management is taking more time than expected. Watch it as they try to go to a more professional organization. Turnarounds don't happen quickly.

The balance sheet is very healthy. His only concern is that companies that have been seen as safe have had their stock prices run up. He thinks this might cause the stock price to go sideways. They are the most innovative of the quick serve restaurant chains. They are testing Beyond Meat in south western Ontario.

Gold. How to preserve wealth in times of high inflation when you can't buy bullion in your registered account. Stocks in general are a hedge against inflation. The best stocks are companies that have exposure to hard assets. BAM.A-T is an example.

He is not sure it is going to have as much growth as other publicly traded stores of this kind. They are considering an ownership position in a Latin American chain. He would not consider it until they do this.