Latest Expert Opinions

Opinions
Today :
9
Recent
experts :
Signal
Opinion
Expert
N/A
N/A
September 16, 2019
Market. The attacks on Saudi oil facilities. The markets are under reacting because they don’t know what the policy response will be but Trump does not want a war. From an investment standpoint, we have to watch crack spreads because a spike in oil pricing puts up refining costs. We are seeing a weakness globally in demand for the refined products. The ETF CRAK-N is up a small percent today which is a material difference from the broader energy sector. This is a key thing to watch. Last week we saw a massive reversal in bonds. The question now is where the buyers step in. We are still heading for recession and this is just a technical correction. People should learn how to work this asset class into their portfolios. Gold is a tremendous asset class and nothing has changed recently.
General Market Comment
September 16, 2019
Market. The attacks on Saudi oil facilities. The markets are under reacting because they don’t know what the policy response will be but Trump does not want a war. From an investment standpoint, we have to watch crack spreads because a spike in oil pricing puts up refining costs. We are seeing a weakness globally in demand for the refined products. The ETF CRAK-N is up a small percent today which is a material difference from the broader energy sector. This is a key thing to watch. Last week we saw a massive reversal in bonds. The question now is where the buyers step in. We are still heading for recession and this is just a technical correction. People should learn how to work this asset class into their portfolios. Gold is a tremendous asset class and nothing has changed recently.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
BUY
BUY
September 16, 2019
Canadian Dollar 3 to 6 months out. We are probably going to hang out at $0.75 give or take a bit. 3 to 6 months out he thinks the global economy will weaken and the Canadian economy is headed for recession. Use strength in the Canadian dollar to buy snow bird dollars.
General Market Comment
September 16, 2019
Canadian Dollar 3 to 6 months out. We are probably going to hang out at $0.75 give or take a bit. 3 to 6 months out he thinks the global economy will weaken and the Canadian economy is headed for recession. Use strength in the Canadian dollar to buy snow bird dollars.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
COMMENT
COMMENT
September 16, 2019
Saudi Arabia. This is a shock and more temporary than permanent. This is not good for anything globally. Oil prices go up and supply is constrained. This is not a reason to be excited about Canadian banks [as caller asked].
General Market Comment
September 16, 2019
Saudi Arabia. This is a shock and more temporary than permanent. This is not good for anything globally. Oil prices go up and supply is constrained. This is not a reason to be excited about Canadian banks [as caller asked].
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
N/A
N/A
September 16, 2019
Index funds being a bubble. There is a battle between the managers that are tracking indexes and those actively managing. It is not in a bubble because it is money coming from a mutual fund because of higher costs. It does not matter whether you sell an ETF or a mutual fund, to the market.
General Market Comment
September 16, 2019
Index funds being a bubble. There is a battle between the managers that are tracking indexes and those actively managing. It is not in a bubble because it is money coming from a mutual fund because of higher costs. It does not matter whether you sell an ETF or a mutual fund, to the market.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
COMMENT
COMMENT
September 16, 2019
US Investment with Growth Potential but good tax treatment in a Canadian based account. Horizons' has a new structure called Corporate Class and you can defer your taxes as they are done with total return swaps and no annual distributions.
General Market Comment
September 16, 2019
US Investment with Growth Potential but good tax treatment in a Canadian based account. Horizons' has a new structure called Corporate Class and you can defer your taxes as they are done with total return swaps and no annual distributions.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
N/A
N/A
September 16, 2019
Educational Segment. How do you Structure you Portfolio for Events like Saudi Arabia this week? We have an event now to think about. Don’t try to trade the noise on day one or two. Make sure your portfolios are structured to reach your goals in the longer term. This is probably temporary. We probably get a spike in oil prices and you should use this to reduce your oil exposure. You can't forecast international relations. Don’t make any big bets on this. The 2018 high in oil will be a monumental resistance. AMLP-N is the pipelines ETF in the US, which is the way he is playing it. He would trim this above $10.
General Market Comment
September 16, 2019
Educational Segment. How do you Structure you Portfolio for Events like Saudi Arabia this week? We have an event now to think about. Don’t try to trade the noise on day one or two. Make sure your portfolios are structured to reach your goals in the longer term. This is probably temporary. We probably get a spike in oil prices and you should use this to reduce your oil exposure. You can't forecast international relations. Don’t make any big bets on this. The 2018 high in oil will be a monumental resistance. AMLP-N is the pipelines ETF in the US, which is the way he is playing it. He would trim this above $10.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
N/A
N/A
September 16, 2019
Market. There was no risk premium in the market due to the attack on the Saudis. You need to know how badly the facilities were damaged and are there off-the-shelf supplies to fix it. The questions are how long it will take to fix the facilities? The game has changed but don’t chase stocks today.
General Market Comment
September 16, 2019
Market. There was no risk premium in the market due to the attack on the Saudis. You need to know how badly the facilities were damaged and are there off-the-shelf supplies to fix it. The questions are how long it will take to fix the facilities? The game has changed but don’t chase stocks today.
Josef Schachter
President, Schachter Asset Management