Market Outlook When he was on in January, the end of 2018 was very weak. He thought then it was a correction in a bull market. Now, we have taken out 2018 highs, economically sensitive sectors like finance and tech have made new highs. This is not the sign of the end of the bull market. He thinks we have another 24-30 months of upside. Investors are not positioned for this as they have worried about Trump, trade wars, etc. Money has moved into highly defensive sectors instead like telcos and REITs. We are set up for a good run ahead of us.

Despite fears of recession and slow down, we have seen a nice turnaround over the last 8 weeks in autos. MG-T has little exposure to China trade issues. It pays a nice dividend and has a free cash flow yield of 13%. He expects an acceleration in manufacturing is coming and there is strong consumer spending. Yield 2.6%

His bias is to be leaning to sectors that would benefit from re-inflation. BA fits into this camp. They have the 737Max issue, but there are only two global airline manufacturers and there is no excess supply. The company will get through this. There will still be tough news flow, but hearings are already underway and it has been dragged through the media already. Over 2-3 years you will do very well.

AMT vs CCI? AMT has been a gift that keeps on giving. In the REIT space, it has great dividend growth. 5G is coming down the pipe and they are well positioned. Tactically, there may be some re-allocation going on that may cause some pull back. CCI is similar and both offer dividend growth.

AMT vs CCI? AMT has been a gift that keeps on giving. In the REIT space, it has great dividend growth. 5G is coming down the pipe and they are well positioned. Tactically, there may be some re-allocation going on that may cause some pull back. CCI is similar and both offer dividend growth.

The financial services group looks interesting and he is big into the space. Repricing of commissions will be challenging and it hampers SCHW's margins. If you think the yield curve steepens, this will help them. He would continue to hold, but there are others that he prefers like JPM.

The financial services group looks interesting and he is big into the space. Repricing of commissions will be challenging and it hampers SCHW's margins. If you think the yield curve steepens, this will help them. He would continue to hold, but there are others that he prefers like JPM.

This has been an investment for him for many years. They grow sales faster than GDP growth and dividend growth is 25% a year. Not a big dividend however. He likes home builders and the suppliers to home builders. A leading stock in a leading sector, he thinks. A healthy pullback, that he would buy into.

New markets that open up like China are a great opportunity. Their relative strength to the market has been improving all year. Quite attractive with a 1% dividend that is growing steadily.

They have been a good performer with a good yield. It won't catch hold until investors return to the space, but a great income play. Yield 5%

There has been a great run in defensive assets. He thinks the outlook forward for utilities is muddied. Investors will not look to this space when the economy accelerates. He would not be a buyer here.

He thinks of them as utility -- a defensive stock with 4.4% yield. It does not have the "thing" investors will be looking for when the economy accelerates. He would not buy this.

(A Top Pick Feb 07/19, Up 14%) Rental increases in Canada are in the low teens, which is helping distributions. It remains attractive in the yield space. He remains interested in residential and industrial REITs.

(A Top Pick Feb 07/19, Up 35%) There is great multi-year secular growth coming still. He will continue to hold.

(A Top Pick Feb 07/19, Up 23%) A secular growth company that provides software to allow companies scaling opportunities in the IT space.