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Market. Trump had exempted Brazil last time when he went after steel tariffs. Now they are on. Energy is a big part of what moves the Brazilian currency around. Trump's use of tariffs is not going away. The markets are rationally exuberant about trade. Globally the Purchasing Managers Index has ticked up, except for the US, which is part of the market weakness today.
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How do you play the negative side? He does not just make one bet. Gold equities and silver will likely go up and stocks in Canada while other equities will probably go down. It is all about diversification.
BUY

Harvest is the same as BMO except for being more global. ZWU-T has been outperforming HUTL-T over the last year or so because the European stocks have not performed as well as domestic or US stocks.

PARTIAL SELL
We aren't to going to have enough homes for retirees. Living in your home is going to be a big thing and reverse mortgages are going to be a big thing. He does not know if equitable is going to be the place to play this. He would partial sell these REITs at the moment.
DON'T BUY
Does not pay dividends. It is not a great holding, compared to the S&P or the DOW or a basket of high dividend payers. It will go down as much in a recession as other equities.
BUY
Gold. Gold is a flight to safety. GLD-N, GLDI-N, GLDX, GDXJ are his favorites. ZGD vs. XGD are also options.
N/A
Being Green. How do I invest in Biodegradable cutlery? SHE-T is the best ETF of the year last year. It is a gender diversity ETF. It has done better than the broad world index but only by a tiny amount.
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Market. Do not take on risks that you do not understand. Index funds get into industries and markets that may be winning or losing. There is nothing safe about being in something you don’t like. Cannabis has no barriers to entry because anyone can growth some of it. If there is a material adverse change or management lies to him, he sells. Cyclicals can be bought when out of favour but when they are in favour, he reminds himself that it is cyclical and prepares to sell.
DON'T BUY

It is a crowded industry with margins not so great. Their balance sheet is not so great so put it on the pile of undifferentiated commodities. Also there were recently some executive departures. He prefers NKE-N.

DON'T BUY
Fine company and well known. It is a source of funds when the economy is improving. It is a cyclical market so it is not timely. It is a defensive company but this is not the time to be defensive.
BUY
The companion animal market has grown very strongly in the developed world. This company has less exposure to livestock. They provide testing services to vets. He likes the company. He likes the long term prospects of the company but banks will do better if interest rates keep going up.
DON'T BUY
He tries to stay away from conglomerates because they trade at a big discount to net asset value. He is concerned about it being a self help story. The catalysts will be unfolding slowly.
WAIT
They have one of the largest fleets of alternative energy out there. Regulators are encouraging utilities to install more sun and wind. They have a nice growth trajectory. Because it is a utility, they are very sensitive to rising interest rates. You need to be concerned that money will shift over to banking in an improving economy.
DON'T BUY
He owned it for many years until interest rates started to rise. The whole group has done poorly over the last 60 days. More natural catastrophes mean insurance companies have a 'hard market' and can increase fees over that of claims.
PAST TOP PICK
(A Top Pick Dec 27/18, Up 34%) They are the largest producer of Humus.