A typically volatile day today. It started ugly, but ended up. That's great, but this volatility needs to stop. He would love a couple of weeks of calm with Trump keeping his mouth shut, so we can build a bottom then go up. We'll get Q4 earnings soon. Oil prices helped today's rally, but PMI data from China was not good. Trump thinks he can--and needs to--fix trade tensions with China. There is a global growth slowdown, but there will still be growth this year. It will take a few weeks, at least, to find calm. If earnings are okay (the bar is so low), that will start to calm markets--and if Trump calms himself too. Markets no longer ignore him--they're paying attention because he effects trade.

He's long owned BAC. The entire growth has pulled back, because of interest rates not rising as much as expected. BAC is in good shape. If the US economy does well, this will do well. Likely dividend increases.

Has never owned an airline. Oil and labour are two major costs, and AC can't control oil. Now, the stock is statistically cheap. He doesn't like the airline business. You can probably trade this and make money, but you can lose your shirt too. With low oil prices, there are probably some good quarters coming. Perhaps take profits.

The worst Canadian bank performer last year. Usually, the worst bank in one year does well the next. BNS does worse when there are international worries (like China now). BNS does a good job and its ROE is good for the first time in a while. Likely, BNS will rise with its Canadian peers.

(A Top Pick Nov 02/17, Down 27%) All insurers have pulled back because interest rates won't rise as much as expected. Down to 9x earnings with a 5% yield. Valuations are now stunningly low. MFC has Asian operations, but the stock isn't down because of that. It won't stay down at this price.

(A Top Pick Nov 02/17, Up 8%) A rare company that had a positive return in 2018. They continue to acquire and do it well. They've done well in Europe. Speedway is a likely purchase. If so, this will raise earnings 10-15%.

Well-managed. It's likely impacted by Amazon (not cars). This is down because the entire market is. Valuation is merely okay, not cheap. Don't panic. This won't drop more. But other stocks have better upside this year than CTC.

Can telcos get impacted by the lack of rising interest rates? To offset this lack of rising rates, you need a company with earnings growth. AQN fulfills this, for example, but not BCE. You can hold it for the 5% yield though.