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Market. This week regarding Iran we are going hear if Trump is going to walk away from a multi country agreement. The oil market probably priced in $10 of premium in the oil price due to supply interruption. He sees it as a spike and not a revaluation of oil. Best case they agree to a deal just so Trump says he made one. He thinks we will see a recession in 2019/20 and oil will go back into the $40's.

High Yield ETFs as fixed income. It is a basket of junk bonds and the worst companies. The outlook for these companies is more linked to equity markets than bonds. In 2008/9 HYG-N dropped tremendously. Now is not the time to add high yield ETF's to your portfolio. He is shorting these.

It should be dividend income and the covered call overlay is all capital gain. He does not see a lot of growth in the banks for next few years. This is the best way to hold them. He expects them to fall 25% from the peak during the next recession. The dividends are not in jeopardy.

It plays US FANG stocks and global internet services. He is not aware of a Canadian ETF for this. This is tradable if it gets back down to its lows.

VIX vs. Option Premiums. Last year was an anomaly. With VIX in the current range, we expect option premiums to go up at least 50%.

Gold. He likes to rent positions rather than fall in love. You are getting a very, very long term bottoming pattern developing. It has traded for 5 years with a good bottom and firm upper limit. He feels we are going to break out but does not think it will hold. He has been overweight gold for 4-5 months. He prefers gold equities due to more leverage if gold breaks out.

It is his favourite way to play Europe. It is yielding 6%. It holds the highest quality dividend paying companies. He may reconsider it in 6 months.

The Tech Sector. Over the next couple of years tech and healthcare will be the biggest growers. Canada has very little of these. He is underweight right now in Tech.

Educational Segment. The 200 Day Market Moving Average. We have a very interesting chart pattern in the broad US Markets. We came down to the 200 day moving average last week. We tested the 200 day and held. The number of stocks above the 200 day is turning positive and the number of stocks below their 200 day are down. The suggestion is that we go up before we go down. Some of the other market breadth indicators are more positive also. He thinks we will trade higher before we trade lower.

Market. He is not sure how permanent $70 oil is going to be. The best cure for high commodity process is high commodity prices. People will be producing all they can. There will be better value elsewhere.

It is looking like a value trap. They are having to sell off assets to pay down debt from a recent acquisition, which sounded great initially but is not panning out.

They are going through a restructuring, which is a codeword for bankruptcy. It is in the purely speculative category. There is nothing here for common shareholders.

It is now a pure pump company. It is a world class company. It has sold off and because of this. He is taking a look at it. He feels they have come off for temporary reasons.

It is doing well and so is not a buy for him. They are doing a good job of making acquisitions and buying back shares.

It has raised a lot of money. They are very smart people and shrewd acquirers of orphaned drugs. It is hard to value. A lot of the valuation is based on their success of acquiring more drugs in Canada.