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Trapped between the 50- and 200-day moving averages. Though, this morning, it broke above the 50-day. But it's done that before, and it's quite an inflection point right now. It looks as though we're going to have a decent month.

You can make the case that if you go out into the latter part of Q3, you're going to have this financial tightening, which will weigh on the multiples. Therefore, we'll probably have an earnings recession going into Q4 and in the beginning of 2024. What that means to the market depends on where the market is when we get there.

For Q1, US earnings are expected down 9%. And for Q4, it was down about 5.5%. There is a trend going on. Revenues should be modestly higher, 1.5-2%. When you pull all the technicals and fundamentals together with what central banks are doing, it feels as though we're going to be entering a pause period, at least for the Fed. This is similar to what the BOC did. That would give a green light for investors to come in and put some money to work.

There are always going to be cracks out there. He wouldn't be surprised if we have some other nasty bank crises. The US has 5,000 banks, whereas in Canada we have fewer than 20. So the odds are that you'll have some problems down in the States.

Design and manufacture multi-room, wireless, portable audio products. Discretionary, so could be a problem if we go into a recession. Runway is decent. Buy here around $18-20, and 17.25.

Software-centric sensors for underwater. Two sides: sensor and power. Military, government, research companies are potential customers. Recent US $1.5M contract. Very illiquid. Almost a double from here to the price target. Buy in thirds at $0.52, 0.45, and 0.40.

Trimmed recently on its decent run. 12-month price target of $217.00. Best part is it covers the whole security spectrum. Buy in thirds around $191, 180, and 170. Shouldn't go under $168.

Electronic and electric safety-solution vehicle components. 12-month price target of $138. Big $30B company. Hardware add-ons for software. Buy in thirds at $109, 102.50, add more if it happens to go under 100.

Instead of trying to pick the winner on the hardware side, there are so many on the software side that have much better margins. When it comes to EVs, buy a TXN or a QCOM, which does the CPUs and the GPUs. LCID, for example, just announced layoffs.

Doesn't see it going north of $10, a decent runway. High concentration of customers, where 61% of revenue comes from the top 20 customers. Signing up new clients. The king for data analytics and AI. Controversy about stock options being used to attract talent, cashing those in puts a lid on stock price. Great company.

Outsourcing powerhouse. Amazing company. Pretty well priced, as his target is $315. Embraced the metaverse. Really likes it, he still has a 1% position. He'll trim as it approaches its price target.

Still in his top 5. Trimmed a bit to about a 3.5% weighting, as he had a 12-month price target of $290. He's holding on, as we're going into earnings season and things will change. Lots of interesting horses in the race. Thinks ATVI purchase will go through. Decent earnings. Buy in thirds here at $280, 265, and 250.

Figma deal semi-alive. If Figma doesn't come through, still have Firefly. Decent run. Really likes it. Pick it up in thirds at $375, 355, and 335.

King in CPUs and GPUs. Leader in 5G, automotive, and internet of things. Come 2025, AAPL will be using its own chips. So they wisely built up other divisions. Revenue and net income down, but new horses in the race rose. 12-month price target of $145.

Potential for a recession, but only if there's more credit or financial tightening. Credit tightening would happen, at the soonest, in Q3 of this year. If there is a recession, it won't be until later in Q3, maybe into Q4. Makes sense, because it's only a year ago that they started raising rates. Most economists say that for rates to filter through the market, it has to go on for about 18 months.