There's a divergence between copper (falling) and US 10-year yelds (rising) this year. Commodities sold off at end-July when they usually rise. At the same time, the US dollar went into the other direction, breaking seasonality too--and this rise is causing havok (like serving emerging market debt). He thinks copper will move back up. If trade talks resolve, then investors in the US may rotate to emerging markets. Meanwhile, the S&P recently broke a new high and the TSX has enjoyed a breakout since the spring and enjoys some good underpinnings despite pressure from the NAFTA talks.
(Past Top Pick, Oct. 30, 2017, Down 16%) Doesn't like it, but still owns it. A high-quality name. We're close to breaking to new lows. The recent weakness is due to needing more funding for the WGL buy by spinning off Canadian operations. He's started a DRIP to compound returns. But if it continues to fall, he will take his lumps and sell. Pays a stable 9.5% dividend.