Today, Larry Berman CFA, CMT, CTA and Norman Levine commented about whether AFG-N, EMP.A-T, CCL.B-T, BKU-N, SNY-N, DEO-N, KPT-T, GM-N, H-T, MMM-N, CNR-T, VOW-GR, ATD.B-T, IBM-N, SLB-N, PKI-T, AC-T, CNQ-T, BAC-N, VOD-Q, ATRL-T, GE-N, AW-T, EMA-T, AAPL-Q, BA-N, TRP-T, KMI-N, ZFH-T, RWM-N, CFW-T, ZWE-T are stocks to buy or sell.
Educational Segment. Concerns about the weekend’s G20 meeting. They are agreeing to continue spending and not worrying about who is going to pay for it. We need the growth pickup in the world, but the problem is the debt getting bigger. 150% of the world’s GDP has come from debt since the Lehman moment. You can’t stimulate by weakening your currency, but that is what they are doing. Infrastructure ETFs are very expensive right now.
Markets. Trump is ahead of Hillary according to weekend polls. We will see after this week if Hillary is still gaining momentum. The majority of earnings on the S&P will be in by the end of this week and they are better than expected. There is a lot of potential for growth over the next couple of quarters, but there is also room for disappointment. He is worried about a correction up to 20% over the next 6 months.