American and Canadian markets snapped back after Christmas. New York markets today gave up half the gains of Dec. 26. Lots of volatility based on old-fashioned fear and greed. It's hard to get a sense of what will happen from day to day. Tomorrow is anybody's guess. We just got to ride through it. In 2019, we'll see economic growth slow to 2% in the U.S. (and Europe), but we will see positive growth and earnings. We've seen tax-loss selling lately and algorithms exacerbating the selling. We'll see calmer markets; volatile markets last 3-6 months typically. The U.S. Fed has been quite aggressive with 3-4 rate hikes scheduled for 2019 while selling their bonds. The market is telling the Fed that it's getting ahead of itself. He predicts the Fed will moderate their outlook in reaction.

Sees only modest growth in the dividend. He likes it. Offers a stable stream of income. There'll be less competition in wireless in the U.S. with the Sprint-T-Mobile merger. Trump pushing for U.S. companies ignoring Huawei in business: he sees Trump making noise, and the deals he ultimately signs aren't as tough on opponents as he had promised.

He's still bullish on American banks and the U.S. economy. BAC is well-capitalized. That said, the flattening yield curve has limited net income spreads and overall, we're in a challenging environment. You can buy BAC now. He prefers Morgan-Stanley for its strong wealth management and investment banking operations.

(A Top Pick Oct 02/18, Down 12%) The time frame since Oct. 2 hasn't been fun. Definitely still really likes MSFT. Their move to the Cloud is not stopping. They don't suffer from user-data scandals, etc. They have built trust: people have been using MSFT products for years. There's tons of growth in the Cloud. He'll keep buying it. They offer growth and less risk than other tech stocks.

(A Top Pick Oct 02/18, Down 36%) Fear of an economic slowdown has pressured steel prices and stock. But stell prices are still strong historically. You can make money off this at the $30 price in the coming years. STLC plan to sell 100% of their products to Canada which will avoid the US tariffs. In the last quarter that figure was 90%.

They've done a great job transitioning into car software. It's still in turnaround and the stock is a little expensive. BB is getting there and doing well, but there's still a lot of work ahead. Too early to tell.

The founding shareholders sold their holdings which will free to company to set strategy. Well-run, his will continue to do well (he'll bullish the American economy). He'd be comfortable holding it and getting a 7-8% return each year.

GOOS has been caught in current China-Canada tensions, but he feels this furor will pass. GOOS is showing great growth. You could take a stab at this at current levels, then see if it returns to $90. This is a short-term trade, not a long-term investment.