Latest Expert Opinions

Opinions
Today :
8
Recent
experts :
Signal
Opinion
Expert
COMMENT
COMMENT
June 26, 2020
Market Outlook If you have held good companies they are probably still doing well during the pandemic. You need to see companies that beat their cost of capital consistently, have a good balance sheet and can take on debt safely to build their business with good cash flow generation. COVID-19 has changed the way we look at businesses, with a move to more mobile strategies. The PE ratio of the market is in the top 10% of history, while the economy is in the bottom 10%. This is not like 2008. There will be unanticipated events in the world, so therefore most people should be cautious and patient rather than making big decisions in their portfolio right now. He thinks retail companies will suffer post-pandemic, especially smaller retailers. Oil and gas will also continue to suffer due to a slower growth in the economy. E-commerce companies will benefit.
Show full opinionHide full opinion
Market Outlook If you have held good companies they are probably still doing well during the pandemic. You need to see companies that beat their cost of capital consistently, have a good balance sheet and can take on debt safely to build their business with good cash flow generation. COVID-19 has changed the way we look at businesses, with a move to more mobile strategies. The PE ratio of the market is in the top 10% of history, while the economy is in the bottom 10%. This is not like 2008. There will be unanticipated events in the world, so therefore most people should be cautious and patient rather than making big decisions in their portfolio right now. He thinks retail companies will suffer post-pandemic, especially smaller retailers. Oil and gas will also continue to suffer due to a slower growth in the economy. E-commerce companies will benefit.
COMMENT
COMMENT
June 26, 2020
US Bank stress testing? US banks may have a couple of difficult quarters. They are not expensive, trading at 10 times earnings and trading close to book value. They are well capitalized, and will not be allowed to increase their dividends. The big banks will get stronger as they can spend money on technology to make them more competitive and reduce their cost structure. The pandemic is pushing this move sooner. From a regulatory point of the view, the US Fed has done the right thing.
Show full opinionHide full opinion
US Bank stress testing? US banks may have a couple of difficult quarters. They are not expensive, trading at 10 times earnings and trading close to book value. They are well capitalized, and will not be allowed to increase their dividends. The big banks will get stronger as they can spend money on technology to make them more competitive and reduce their cost structure. The pandemic is pushing this move sooner. From a regulatory point of the view, the US Fed has done the right thing.
N/A
N/A
June 26, 2020
Market. They've made COVID-19 a real political hot potato. The market has not priced in Trump NOT being the president after the election. You should take a more cautious approach in managing your investment portfolio. Be cautious when things are a little illogical.
Show full opinionHide full opinion
Market. They've made COVID-19 a real political hot potato. The market has not priced in Trump NOT being the president after the election. You should take a more cautious approach in managing your investment portfolio. Be cautious when things are a little illogical.
N/A
N/A
June 26, 2020
Negative interest rates. He does not think we will get to negative interest rates. That would be catastrophic. The Fed does not want to see negative interest rates. Interest rates will, however, be glued to zero for some time. In the next couple of years, longer term rates will tend toward zero.
Show full opinionHide full opinion
Negative interest rates. He does not think we will get to negative interest rates. That would be catastrophic. The Fed does not want to see negative interest rates. Interest rates will, however, be glued to zero for some time. In the next couple of years, longer term rates will tend toward zero.
DON'T BUY
DON'T BUY
June 26, 2020
Canadian Oil Outlook for Mid-Cap Sector. There is massive political risk because the current government does not support pipelines. Because of climate change, the world is moving more and more away from oil. The next decades will see less and less demand relative to supply. The sector is not investible but probably tradable.
Show full opinionHide full opinion
Canadian Oil Outlook for Mid-Cap Sector. There is massive political risk because the current government does not support pipelines. Because of climate change, the world is moving more and more away from oil. The next decades will see less and less demand relative to supply. The sector is not investible but probably tradable.
BUY
BUY
June 26, 2020
ETF covering FANG stocks Exclusively? The big six names in tech are 30% of the index. You might go to the stocks directly. You may want to avoid FB-Q for now, for example. Cloud Computing ETFs might be a way to go.
Show full opinionHide full opinion
ETF covering FANG stocks Exclusively? The big six names in tech are 30% of the index. You might go to the stocks directly. You may want to avoid FB-Q for now, for example. Cloud Computing ETFs might be a way to go.
N/A
N/A
June 26, 2020
Quantitative Easing vs. Debt Monetization. The difference is time frame. QE is temporary. However he thinks the Fed will never be able to unwind the balance sheet. Debt Monetization is permanent. Essentially they have to print money.
Show full opinionHide full opinion
Quantitative Easing vs. Debt Monetization. The difference is time frame. QE is temporary. However he thinks the Fed will never be able to unwind the balance sheet. Debt Monetization is permanent. Essentially they have to print money.