Latest Expert Opinions

Opinions
Today :
8
Recent
experts :
Signal
Opinion
Expert
N/A
N/A
April 15, 2019
Market. He wanted to wear a red gold shirt! Everybody he golfed with over the last 6 years said Tiger would not come back. The US banks have had a choppy set of results. JPM-N had positive results. GS-N had some issues on the trading side. We are very late on the cycle. You don’t want to be overweight on the banks. Financial services don’t do well if the next phase of the cycle is slow down and eventual recession. The only question is when, but you won’t see it in the data. When volatility is up, banks should be doing better, but it means that GS-N may have made some bad bets.
Market. He wanted to wear a red gold shirt! Everybody he golfed with over the last 6 years said Tiger would not come back. The US banks have had a choppy set of results. JPM-N had positive results. GS-N had some issues on the trading side. We are very late on the cycle. You don’t want to be overweight on the banks. Financial services don’t do well if the next phase of the cycle is slow down and eventual recession. The only question is when, but you won’t see it in the data. When volatility is up, banks should be doing better, but it means that GS-N may have made some bad bets.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
DON'T BUY
DON'T BUY
April 15, 2019
REITs in Canada. The yield is attractive but they are risky at the moment. When we go into a slow down, real estate is one of the last sectors to be hit. Money loves the yield. But ultimately when the economy turns down and rents are at risk, these turn down.
REITs in Canada. The yield is attractive but they are risky at the moment. When we go into a slow down, real estate is one of the last sectors to be hit. Money loves the yield. But ultimately when the economy turns down and rents are at risk, these turn down.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
DON'T BUY
DON'T BUY
April 15, 2019
Bonds. VAB-T, ZAG-T, XBB-T. There is great diversification but you have a lot of credit. He would buy a broad government bond ETF at this point.
Bonds. VAB-T, ZAG-T, XBB-T. There is great diversification but you have a lot of credit. He would buy a broad government bond ETF at this point.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
N/A
N/A
April 15, 2019
Increase in Gasoline prices. The price is in US$ so as the Canadian dollar weakens, we buy oil at a higher rate. If we were able to get all our gas from Canadian oil, we would have carbon taxes etc.
Increase in Gasoline prices. The price is in US$ so as the Canadian dollar weakens, we buy oil at a higher rate. If we were able to get all our gas from Canadian oil, we would have carbon taxes etc.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
N/A
N/A
April 15, 2019
Educational Segment. Retirement ages. We have this massive unfunded liability. The liability is that as we age, the government owes benefits. If the US does not change what they promise, by about 2035, they will have to borrow money just to pay the interest on their debt. Canada is much better off than this, we have the Canada Pension Plan. But now we have many less people in a working age range, vs. past the retirement age, than when the program was created.
Educational Segment. Retirement ages. We have this massive unfunded liability. The liability is that as we age, the government owes benefits. If the US does not change what they promise, by about 2035, they will have to borrow money just to pay the interest on their debt. Canada is much better off than this, we have the Canada Pension Plan. But now we have many less people in a working age range, vs. past the retirement age, than when the program was created.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
N/A
N/A
April 15, 2019
Market. PMIs around the world have been down for 10 straight months, but have now turned. He thinks people will be quite surprised in earnings season. Base metals are one group that has showed strength, along with energy, and technology; and China is looking good. The low was at the end of December. Base metals are a good proxy for global growth. The US dollar is rolling over and this benefits the debt of emerging economies. As long as the US dollar keeps going down it means the pro-global growth trade is in effect.
Market. PMIs around the world have been down for 10 straight months, but have now turned. He thinks people will be quite surprised in earnings season. Base metals are one group that has showed strength, along with energy, and technology; and China is looking good. The low was at the end of December. Base metals are a good proxy for global growth. The US dollar is rolling over and this benefits the debt of emerging economies. As long as the US dollar keeps going down it means the pro-global growth trade is in effect.
Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
N/A
N/A
April 15, 2019
Where is Oil going? He had $54 as the line in the sand. We are well above it. Until it got through that, it was just a bounce. The next level is around $70. The producers often lead the commodity to the upside AND the downside. The producers know something about the direction of the commodity.
Where is Oil going? He had $54 as the line in the sand. We are well above it. Until it got through that, it was just a bounce. The next level is around $70. The producers often lead the commodity to the upside AND the downside. The producers know something about the direction of the commodity.
Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.