Tyler Mordy
Member since: Jul '16
President & CIO at
Forstrong Global Asset Management
Forstrong Global Asset Management
220 Opinions
Latest Top Picks
(A Top Pick May 13/19, Up 15%) This was recommended during the height of the China-US trade war, which was crazy to suggest at the time. August was the best time to buy this. In China, no one is under any illusion that growth is slowing. Maybe, the Chinese feel, are getting accustomed to Trump.
(A Top Pick May 13/19, Down 2%) He felt this would benefit as an alternative supply chain during the US-China trade war. This year, the Vietnamese currency soared 17%. Cheap labour and land there, so this is a good, long-term story.
(A Top Pick May 13/19, Up 13%) He's still very bullish about South Korea, exposed to a lot of trade, especially smart phones. Very cheap stocks now in South Korea, which investor have forgotten. This will do very well if the global economy stabilizes
A past top pick. South Korea is deeply connected to global supply chains yet been hit hard by the US-China trade war, so it's deep in the bargain bin, yet promises the must upside now. SK is off everyone's radar. Good fundamentals too.
ETF with high dividend It holds 30% UK banks. The Brexit story will continue, but a no-deal Brexit is off the table. Expectations for Euro banks can't get lower. EUFN pays a 5% yield. The average company trades below book value. This space is so unloved that it's time to buy.
Signal
Opinion
Expert
Chart
COMMENT
COMMENT
December 17, 2019
The US has been the best house on the street for 10 years, but with this rally the US is underperforming. Several tailwinds right after the recession (cheap currency, aggressive liquidity) have made the American markets and dollar expensive. Since the recession, we still carry that trauma, so there's a lot of skittishness out there. So, when the market panics, bond yields fall, but the prevents investor euphoria--and that's why he feels we are not in a bubble. US investors have done well since the recession, but not in Europe as well as Asia, Latin America and elsewhere. Trade wars have fulled full-on reflation.
Show full opinionHide full opinion
The US has been the best house on the street for 10 years, but with this rally the US is underperforming. Several tailwinds right after the recession (cheap currency, aggressive liquidity) have made the American markets and dollar expensive. Since the recession, we still carry that trauma, so there's a lot of skittishness out there. So, when the market panics, bond yields fall, but the prevents investor euphoria--and that's why he feels we are not in a bubble. US investors have done well since the recession, but not in Europe as well as Asia, Latin America and elsewhere. Trade wars have fulled full-on reflation.
DON'T BUY
DON'T BUY
December 17, 2019
It's been treading water for many years. He holds little cash and urges anyone to take on more risk and invest. There are several ETFs like this out there.
Show full opinionHide full opinionIt's been treading water for many years. He holds little cash and urges anyone to take on more risk and invest. There are several ETFs like this out there.
E.T.F.'s
DON'T BUY
DON'T BUY
December 17, 2019
American stocks with high valuations and expectations. Compare this to Asian stocks, there's much lower expectations, so it's better to look there. Ex-USA is his bias.
Show full opinionHide full opinionAmerican stocks with high valuations and expectations. Compare this to Asian stocks, there's much lower expectations, so it's better to look there. Ex-USA is his bias.
E.T.F.'s
WEAK BUY
WEAK BUY
December 17, 2019
He's had a love/hate feeling towards gold. He's held this only for a short time, because the tailwinds for gold are turning into headwinds. Fears of a collapse in the market and US dollar have not happened, so gold has suffered. The story of the US as the best house on the block is now fraying. He is not bullish gold long-term. He just bought GDX for tactical balance, expecting weakness in the US dollar, but long-term, like 3-5 years, he isn't excited about gold. If global growth stabilizes and the US dollar weakens, gold ETFs should soar.
Show full opinionHide full opinionHe's had a love/hate feeling towards gold. He's held this only for a short time, because the tailwinds for gold are turning into headwinds. Fears of a collapse in the market and US dollar have not happened, so gold has suffered. The story of the US as the best house on the block is now fraying. He is not bullish gold long-term. He just bought GDX for tactical balance, expecting weakness in the US dollar, but long-term, like 3-5 years, he isn't excited about gold. If global growth stabilizes and the US dollar weakens, gold ETFs should soar.
E.T.F.'s
BUY
BUY
December 17, 2019
An ETF with Microsoft as a major holding? This is the obvious choice. But he cautions over the American market in general in the next few years. Also, the American public has been looking at tech companies with suspicion. Instead of tech, he'd look at banks.
Show full opinionHide full opinionAn ETF with Microsoft as a major holding? This is the obvious choice. But he cautions over the American market in general in the next few years. Also, the American public has been looking at tech companies with suspicion. Instead of tech, he'd look at banks.
E.T.F.'s
COMMENT
COMMENT
December 17, 2019
A tax complication says that the distributions from MLPs are considered business income, so you could be subject a 40% withholding tax. If you're American, the MLPs could have a nice bounce. If global growth stabilizes, energy names could do quite well.
Show full opinionHide full opinionA tax complication says that the distributions from MLPs are considered business income, so you could be subject a 40% withholding tax. If you're American, the MLPs could have a nice bounce. If global growth stabilizes, energy names could do quite well.
E.T.F.'s
COMMENT
COMMENT
December 17, 2019
vs. EWY (Korea) Japan is where many have made big mistakes, getting too bullish, too early. He struggles with its demographics and GDP, but tailwinds include nobody believes in it anymore. Better to look at SCJ-N (small caps) which trades below book value. Catalysts in Japan include a major fiscal stimulus. He prefers EWY (South Korea)--see top picks, which has been caught in the US-China trade war.
vs. EWY (Korea) Japan is where many have made big mistakes, getting too bullish, too early. He struggles with its demographics and GDP, but tailwinds include nobody believes in it anymore. Better to look at SCJ-N (small caps) which trades below book value. Catalysts in Japan include a major fiscal stimulus. He prefers EWY (South Korea)--see top picks, which has been caught in the US-China trade war.
E.T.F.'s
PAST TOP PICK
PAST TOP PICK
December 17, 2019
(A Top Pick May 13/19, Up 15%) This was recommended during the height of the China-US trade war, which was crazy to suggest at the time. August was the best time to buy this. In China, no one is under any illusion that growth is slowing. Maybe, the Chinese feel, are getting accustomed to Trump.
Show full opinionHide full opinion(A Top Pick May 13/19, Up 15%) This was recommended during the height of the China-US trade war, which was crazy to suggest at the time. August was the best time to buy this. In China, no one is under any illusion that growth is slowing. Maybe, the Chinese feel, are getting accustomed to Trump.
E.T.F.'s
PAST TOP PICK
PAST TOP PICK
December 17, 2019
(A Top Pick May 13/19, Down 2%) He felt this would benefit as an alternative supply chain during the US-China trade war. This year, the Vietnamese currency soared 17%. Cheap labour and land there, so this is a good, long-term story.
Show full opinionHide full opinion(A Top Pick May 13/19, Down 2%) He felt this would benefit as an alternative supply chain during the US-China trade war. This year, the Vietnamese currency soared 17%. Cheap labour and land there, so this is a good, long-term story.
E.T.F.'s
PAST TOP PICK
PAST TOP PICK
December 17, 2019
(A Top Pick May 13/19, Up 13%) He's still very bullish about South Korea, exposed to a lot of trade, especially smart phones. Very cheap stocks now in South Korea, which investor have forgotten. This will do very well if the global economy stabilizes
Show full opinionHide full opinion(A Top Pick May 13/19, Up 13%) He's still very bullish about South Korea, exposed to a lot of trade, especially smart phones. Very cheap stocks now in South Korea, which investor have forgotten. This will do very well if the global economy stabilizes
E.T.F.'s
WAIT
WAIT
December 17, 2019
VEE vs. XID VEE covers EM. XID: India has a young working population who speak English. India fits well into global commerce. If they build their infrastructure, India will do well. Problem is, everyone knows India's long-term story and already have high expectations. India has been underperforming the past year, so he wants to see India cheaper and offer better performance before stepping in. Wait. Look at SCIF for India small-caps For EM, focus on Asian EMs, so go with GMF-N instead of VEE.
VEE vs. XID VEE covers EM. XID: India has a young working population who speak English. India fits well into global commerce. If they build their infrastructure, India will do well. Problem is, everyone knows India's long-term story and already have high expectations. India has been underperforming the past year, so he wants to see India cheaper and offer better performance before stepping in. Wait. Look at SCIF for India small-caps For EM, focus on Asian EMs, so go with GMF-N instead of VEE.
E.T.F.'s
COMMENT
COMMENT
December 17, 2019
2020 should be good for world markets now that the China-US trade war has calmed and Brexit looks settled. What geographies to invest in and how much? Yes, a lot of political angst has been cleared, but he'd rather look at fundamentals. For 2020, he'd be underweight US, market weight Canada, overweight Europe and maximum overweight in emerging markets.
Show full opinionHide full opinion2020 should be good for world markets now that the China-US trade war has calmed and Brexit looks settled. What geographies to invest in and how much? Yes, a lot of political angst has been cleared, but he'd rather look at fundamentals. For 2020, he'd be underweight US, market weight Canada, overweight Europe and maximum overweight in emerging markets.
COMMENT
COMMENT
December 17, 2019
For TFSA Unfamiliar with it. For a TFSA, it depends on your age. Focus on international stocks and avoid bonds.
Show full opinionHide full opinionFor TFSA Unfamiliar with it. For a TFSA, it depends on your age. Focus on international stocks and avoid bonds.
E.T.F.'s
BUY
BUY
December 17, 2019
The healthcare sector is in line with aging demographics. A good ETF, but the covered call limits the upside. So, this isn't good if you are bullish health. Also, this ETF will miss opportunities in small caps. But overall, a good ETF.
Show full opinionHide full opinionThe healthcare sector is in line with aging demographics. A good ETF, but the covered call limits the upside. So, this isn't good if you are bullish health. Also, this ETF will miss opportunities in small caps. But overall, a good ETF.
E.T.F.'s
DON'T BUY
DON'T BUY
December 17, 2019
Low-cost international infrastructure ETF Also, CIF, IGF and GII. Private markets have been big into infrastructure. Global infrastructure indexes are correlated to utilities which do well when rates decline. Also watch the high interest rate sensitivity of these. If you feel that the global economy has stabilized, then rates will drift higher--and infrastructure projects are very capital-intensive. What interest rates moving up, this is not the place to be.
Show full opinionHide full opinionLow-cost international infrastructure ETF Also, CIF, IGF and GII. Private markets have been big into infrastructure. Global infrastructure indexes are correlated to utilities which do well when rates decline. Also watch the high interest rate sensitivity of these. If you feel that the global economy has stabilized, then rates will drift higher--and infrastructure projects are very capital-intensive. What interest rates moving up, this is not the place to be.
E.T.F.'s
Comments
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