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Market. It's October so we tend to get some volatility. There are issues with Chinese tariffs. He thinks it will get much larger before it get better. It is all part of the late cycle behavior. The tax cuts are a sugar coating that stimulates earnings. Current geopolitical risks are (1) Brexit deal uncertainty; (2) the Italian Budget; (3) Saudi Arabia / Middle East Tensions; and (4) Trade Wars.

High dividend covered call telcos and utilities, 70% Canadian, 30% US. He really likes it. These tend to underperform during rising interest rates. Banks do a bit better (ZWB-T (covered Call Banks)/ZWE-T) in this environment. He likes them paired with ZWU-T. He owns no Canadian banks right now.

VGRO-T vs. VBAL-T vs. VCNS-T. Would the three be enough for a retirement portfolio? VGRO-T is 80% equity, 20% bonds; VBAL-T is 60% equity, 40% bonds; and VCNS-T is 40% equity, 60% bonds. Don't hold them together. They hold the same thing at different proportions and equate to VBAL-T if all held equally. Move between them as market conditions dictate.

VGRO-T vs. VBAL-T vs. VCNS-T. Would the three be enough for a retirement portfolio? VGRO-T is 80% equity, 20% bonds; VBAL-T is 60% equity, 40% bonds; and VCNS-T is 40% equity, 60% bonds. Don't hold them together. They hold the same thing at different proportions and equate to VBAL-T if all held equally. Move between them as market conditions dictate.

VGRO-T vs. VBAL-T vs. VCNS-T. Would the three be enough for a retirement portfolio? VGRO-T is 80% equity, 20% bonds; VBAL-T is 60% equity, 40% bonds; and VCNS-T is 40% equity, 60% bonds. Don't hold them together. They hold the same thing at different proportions and equate to VBAL-T if all held equally. Move between them as market conditions dictate.

Most of their revenue is from Copper. It is a base metal play. You have to watch China. China is slowing. He does not think Copper will have a big upswing any time soon. He prefers more diversification through ETFs into these spaces.

It is the subject of a hostile takeover challenge. He thinks you should get the opinion of more under-the-hood kinds of guys. The market is trading above the takeover bid which indicates there is a possible higher bid.

Natural Gas. It has been a very localized market because of the expense and lack of ability to transport it across continents. LGN is a game changer. They have been talking about this for years. He would not trade based on this today. We should not get any more than seasonal spikes.

Educational Segment. You do a disservice if you just hold to an asset class mix. Interest rates won't go up much more any time soon. The recent market bottom was right about Brexit in terms of timeframe. Maybe people are calling for the end of the bond bull, but he disagrees. Bond ETFs have made no money from 2016 to date except high risk bonds. He recommends floating rate bonds.

Market. The S&P index trend has not been violated. We typically get week about a week before the midterm elections. Some of Canada's macro numbers are down little bit, vs. the US. Normally there would have been a weakness to the US dollar in the summer but we did not have it. A down turn would be very positive to the rest of the world. The Chinese market has been a sinking ship this year. He'd like to see it hold in this base but it is not holding. A lot of non-US markets look like this. We want to see them catch the base of Jun'17. Otherwise there are bigger issues.

A declining US dollar would be good for copper. This would be the safest place to make an entry into base metals. This is a good spot to be.

The yield has gone up as it has been out of favour. It went back to the lows of 2016. There are better financial names to be in like BMO-T or RY-T or TD-T. If it was to break down below this then it would get to a multiyear low.

All the real estate space is going to be impacted by rates. You want it to hold the $20 mark. It could be really impacted by higher rates. He has no real estate holdings right now.

His favourite is BMO-T. There is a nice little trend here in CM-T. This one and the group are back into favour. If it breaks, then it goes back to $110. Seasonality should kick in. Investors are probably worried about Canadian real estate but he thinks we will do fairly well.

It plays into the interest rate issue. It will probably get sold with any bounce. There will be a downward bias. This is the one he would pick in this space, although he does not like the space, nor owns anything in it right now. Over the next year there could be good opportunities to pick these things up.