Today, Larry Berman CFA, CMT, CTA and Jim Cramer - Mad Money commented about whether OSK-N, FIVN-Q, EMR-N, ELF-N, DECK-N, EA-Q, ON-Q, STZ-N, PCG-N, EIX-N, SBUX-Q, FFIV-Q, GE-N, CVS-N, VST-N, CEG-Q, BLK-N, GS-N, ORCL-N, FIE-T, ZFH-T, TQSM-T, ZLU-T, ZPAY-T, ZWE-T, ZPW-T are stocks to buy or sell.
Obviously, shares slid over the week ahead of the Trump tariffs. He's now thinking of slapping tariffs on Europe. This will add volatility to the markets in both directions and will extend well into next year. The US will need to issue debt; listen for details on the debt financing at 8:30 am EST Wednesday. Janet Yellen has been criticized for using treasury bills to finance the debt, because it causes a serious imbalance. So, how and when will they normalize that? This could put upward pressure on interest rates, especially with tariffs. Meanwhile, stock multiples are pretty high in a market priced for perfection. Expect more volatility. Even with earnings growth, the market can still move sideways. But we can't keep expanding multiples.
Really only in the US, in the Innovators series, but only in USD, which is risky now. ZPAY-F gives you exposure to the US, but with the currency hedge, which he prefers. Buffers limit upside, but protect in the downside. It's like a 60/40 balance portfolio and it's tax efficient.
Not a chance. Such changes happen only every 100 years. Rarely. The US is the best dirty shirt in the laundry, despite all its ills. No other country is big enough to take over the USD, not even China or India, though down the road maybe.
Trump is using tariffs to get deals done, like Mexico getting on the phone with him, and is now putting 10,000 National Guards along its border. Bigger picture is that the USMCA treaty is up for review in 2026. Until then, Trump will be hard and difficult until he gets what he wants out of Canad and Mexico, but we don't know exactly what that is. Also, Trump says that Canada is ripping off the US, which is wrong. The US needs Canada's oil and gas. There is a trade surplus for Canada; without oil, there is no surplus. Since fracking began over a decade, the US has bought proportionally more Canadian crude oil. So, to tax this is the dumbest thing he ever heard of. He's wrong to say that the US is oil-self-sufficient. Rather, the US needs Canada. There will be a lot of volatility in markets for the next year until a new USMCA, and it will be hard to negotiate as Canada is changing Prime Ministers.