Floating Rate notes. It is an ETF representing floating rate notes. These are something that will do well in a rising rate environment. We will see what rate move the Fed does next week but he expects it Dovish. You will get two Fed rate hikes but the market is predicting 4. He is looking to reduce his positions into other areas.

It is the best way to play Europe if you need yield. The market should stabilize and bounce into the first quarter, but the bear market is well underway. You should diversify part into the US and into utilities.

Moving to a Non-Covered Call version. The ultimate bottom/bottom is not in. If you are long term strategic, you stick with the covered call overlays. He'd be okay making a switch today.

ZUT-T vs. ZWU-T. As we go into a recession, bond rates are dropping. ZUT-T is an equal weight exposure to traditional Canadian utilities. ZWU-T includes telcos and pipelines. He is always more in favour of diversification.

ZUT-T vs. ZWU-T. As we go into a recession, bond rates are dropping. ZUT-T is an equal weight exposure to traditional Canadian utilities. ZWU-T includes telcos and pipelines. He is always more in favour of diversification.

These guys have lots of debt on the books. There is a factor there. It is a 7.5% dividend but nothing yields a safe 7.5% dividend. There were analyst updates today and they like it, but he does to think that is something to hang your hat on. (Analysts’ price target is $22.50)

The price of gold is in a bear market. It looks like it is bottoming out. Gold stocks have only gone down 7% while gold had gone down 20%. G-T has the opportunity for a turnaround. They own 10 years of growth prospects going into the next decade. They are a low cost producer. This quarter could be a turning point.