Today, Larry Berman CFA, CMT, CTA and Brooke Thackray commented about whether IWM-N, EMN-N, TJX-N, CTC.A-T, PPL-T, GE-N, BIR-T, NTR-T, OTEX-T, ASA-N, UPS-N, XRT-N, FHD-T, AD-T, PWF-T, POW-T, SBUX-Q, KEY-T, ZUB-T, TFII-T, ARE-T, ZZZD-T, AMZN-Q, HHL-T, ZZZD-T, ZJO-T, XSP-T, XUS-T are stocks to buy or sell.
Market. The ZZZD-T ETF was launched today and Larry opened the TSX in celebration. This trade war with China started a year ago. Emerging markets have been under-performing until the last couple of months and now are reacting to anticipation of good news. This will motivate the US and China but will not resolve the theft of IP. Ultimately he thinks the recession is still coming. We had a lot of downgrades in earnings projections and that was why we had a down turn in December. Earnings will not turn down yet but will in the future. Except for the effect of tax cuts, earnings are not growing. The S&P is around fair value and so should stabilize for a while.