US Banks. He still does not love them, but for the first time last week he exposed himself to a currency hedged version because it has currency exposure. It was a small bet because some small relative value is developing.

CPG-T vs. SVE-T. He does not think the energy sector is coming back in a big way any time soon. There are over sold indicators so it is okay as a trade but not for long term. We need pipeline capacity. He is fine with CPG-T.

CPG-T vs. SVE-T. He does not think the energy sector is coming back in a big way any time soon. There are over sold indicators so it is okay as a trade but not for long term. We need pipeline capacity. He is fine with CPG-T.

He likes the mid-cap sector. It is a sweet spot. He would be okay with the holding for a year or less, but eventually the market will price in the expected recession.

He prefers ZWU-T instead of just buying individual stocks. No one knows which one is going to do best. You get diversification. He would step into it because it is defensive.

[Caller asked about BCE-T.] He prefers ZWU-T instead of just paying individual stocks. No one knows which one is going to do best. You get diversification. He would step into it because it is defensive.

Trade tensions with China are going to see demand keep falling for base metals. Sometime in 2021 a lot of these stocks are going to be cheap and have growth for 10 years plus, and that is when to get into them. This is one of the purest plays in the base metals space.