Advertising
COMMENT
Russia-Ukraine volatility added to rate uncertainty. Just when it looks like things are getting back to normal, it gets weirder. There will be a peaceful settlement. If the situation escalates, then we all have bigger issues. Tech and pandemic stocks that did well through 2020-21 have recently had a big correction, and now we're seeing a bounce back. He's had a lot in cash. The market is taking Russia-Ukraine and rising interest rates more or less in stride. If that continues, we're looking at higher markets by the end of the year, so he's looking to deploy some cash.
Unknown
COMMENT
How long will supply chain issues and commodity prices disrupt the market? We must accept that the world is never going back to what it was. We saw peak globalization, for the foreseeable future and possibly for this generation, in 2019. Globalization has lifted millions out of poverty. Now we're going to see a return to nationalization and perhaps mercantilism, where more gets produced domestically within trading blocs. It will mean higher commodity prices and inflation. More domestic production, and less on just in time, and there are companies that can benefit from that.
Unknown
PARTIAL BUY
Ability to benefit from a resurgence of NA production of just about everything. It will be sustainably strong due to a return to domestic production. Already had a big move, so better to buy just a little bit, perhaps 25% of your total position.
Mining
COMMENT
Investing in a stock that's run up. If something's already had a big move, always better to buy just a little bit, perhaps 25% of your total position. If it goes down, you're glad you didn't invest the rest. If it goes up, you buy a little more.
Unknown
WATCH
NVDA vs. AMD He doesn't know which will be the winner. Both will continue to be strong, as there's lots of retooling and restructuring to come in IT. The sector has been very strong, but is under pressure. Taiwan is a big producer of chips, and he's concerned about China invading, though not soon. Both companies are in quite secular businesses.
computer software / processing
WATCH
AMD vs. NVDA He doesn't know which will be the winner. Both will continue to be strong, as there's lots of retooling and restructuring to come in IT. The sector has been very strong, but is under pressure. Taiwan is a big producer of chips, and he's concerned about China invading, though not soon. Both companies are in quite secular businesses.
electrical / electronic
BUY
TRP vs. ENB TRP has been under pressure about the dividend. If energy prices remain this high, then it's probably sustainable. Both are a good play right now. He prefers companies with ability to grow dividends. Energy level will continue to be high, as long as sanctions are in place and that will be for a while. TFSA is a good place to own this. Federal budget next week will probably affect the investment sector, but he can't predict how.
oil / gas pipelines