COMMENT
The VXN, the Nasdaq volatility, peaked today (over the past year). A few spots, like Walmart and CAT, are doing okay amid this sell-off. Today felt like a liquidation as stocks cascaded across many sectors. ETFs declining will add to the sell-off.
BUY
It trades around 1x book and the cheapest among banks. They had $8 billion in revenue this past quarter, so they are doing a lot of things right.
COMMENT
options Traders are aggressively buying puts here. As the price has gone down, puts have rolled down with them. Huge options here, like 30,000 at a clip even after hitting 52-week lows.
BUY
Was overpriced for a long time, then stagnant, but now reasonable with improving earnings with a forward 22x PE. Walmart is well-positioned. Sam's Club helps.
COMMENT
They vote to keep or replaced much of the board with activists to decided on the company's destiny. Will they maximize shareholder value or sell the company? They should delay the vote until they decide on their path.
COMMENT
Bitcoin You need puts to the downside in something like QQQ.
WAIT
Sell. There's been put activity since last Friday at . Traders are pounding these EV names. Stop back and let the dust settle first. It comes down to the balance sheets of these EV stocks. There's only so much cash floating around.
BUY
He has owned this for a long time. They've done a lot of things right. It's cheap at a forward PE basis.
COMMENT
To hedge, you need puts to the downside in something like QQQ.
COMMENT
There's been put activity since last Friday buying at 29 strike puts that expire this Friday. Options traders are pounding these EV names. Step back and let the dust settle first. It comes down to the balance sheets of these EV stocks. There's only so much cash floating around.
COMMENT
Everybody is so negative. He hasn't seen this in a long time. Investors should take a deep breath and stop looking at the stock market day to day. A bear market story is in every single stock and the market will go lower. Ignore this if you don't need the money in the mid-term since the time horizon is important. He quoted Warren Buffet as saying you need the right temperament and most investors are not wired properly for investing in the stock market. If selling you need to have sold months ago, not now. Be the first to sell and not the last. Most stocks he is looking at are cheap across the board. He is interested only in the stocks he owns today that are free cash flow positive, high quality, profitable businesses.
BUY
His clients own shares in National, TD and Royal, the top three banks. Some are concerned about a recession and other negative factors - TD has one of the best exposures to rising interest rates. He likes the banks and the pullback has created good prices.
COMMENT

This is the combination of the previous Potash and Agrium companies. It is one of the best performing stocks on the TSX. He is dubious on commodity names since you can't bet what the commodity prices will do. For this one you should have bought a year or two ago.

HOLD
It has performed very well in Canada. Continues to make acquisitions in North America and elsewhere. It is a good (necessary) business since people need to spend money on insurance. He would keep if owned but prefers one in the same field which will be one of his top picks.
Unspecified
It is an Alternative Investment Manager and a good business which will depend on the overall economy and interest rates.. He prefers Brookfield Asset Management.