It's been a good week. The selling was overdone, given record employment levels in the U.S. and other positive indicators. Corrections must happen. He'd like to see a base building, though. As long as there's a momentum happening, he doesn't see a recession, which may happen in 2020--and even that could be too soon. Trump as well as the Democrats have been talking about infrastructure spending, which could extend a positive market. China-US need to reach an agreement; it would benefit both especially China. Both countries are realists and he believes they are working towards an agreement. US Fed Chair Powell should go easy on rate hikes, and it seems like he is now.

There's no reason why this sold off, but all stocks sell in a correction. This is a consumer stock, and US consumers with many jobs and rising incomes are in a strong space. MCD will do well. Wage inflation hasn't hit yet, either.

BCE vs. Telus BCE's growth potential is a little limited vs. Telus. Telus' dividend is okay, but a little lower than BCE's. BCE was one of the few stocks rising when the rest of the market fell. Not a bad idea to also buy Telus. Both are good for cash flow through their dividends. That's why he bought BCE. Telus has a little more growth.

Sold off a lot for no real reason. It's a growth stock that doesn't pay much of a dividend. So in a correction these stocks go down and are volatile. Its prospects are good with a reasonable multiple. Hold or even add to your position.

What will happen to this in a recession? The Brookfield group are outstanding. In a recession, these guys won't do as well as they are in. That said, he doesn't see a recession coming. Low-risk, good operators. They haven't made a major mistake over the last few years. Savvy.

(A Top Pick Dec 14/17, Down 4%) A good way to play the TSX, but this is down because of bad timing; the TSX was down in 2018.

(A Top Pick Dec 14/17, Up 4%) They paid a special $4 dividend in the past year, but took a major hit right after. Also, US housing eased back; recently housing has come back. He's moderately bullish on U.S. housing. Demand is there, but finding land to build on and to build houses is challenging.

Mostly oil and mostly in Europe. It's held up well in this oil sell-off, though it got hit recently with the drop in international oil prices. Pays a fine dividend. Certainly hold onto this, but he's cautious about oil prices until they rise into the $60s. Prices are in contango now. A lot depends on Saudi Arabia; they cut back production, oil will leap into the $70s.