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Today, Brooke Thackray commented about whether IEF-Q, FTS-T, HUG-T, HGA-T, TEC-T, XLRE-US, ZWB-T, CASH, XLV-N, XLP-N, AEM-T, WFC-N are stocks to buy or sell.

COMMENT
What do you make of the markets? There's a bifurcation between the economy and the stock market. The economy is slowly improving, but the markets are at all time highs. But that's not the whole story. The S&P peaked on June 8 with the non-farm payroll, and if you take out the top 6 runaway stocks, the remaining S&P 494 are below that peak.
Unknown
COMMENT
What do you think about big tech? No question, they've done really well. But it's a very crowded trade, so it's becoming extremely expensive. Watch when tech starts to underperform, as that could be a sign that the global market is in trouble. The market doesn't like the anxiety of an election. Usually, the markets dip down from September to November. Investors should be cautious.
Unknown
COMMENT
Where is the US dollar going? You're always making two decisions: the currency and the stock. Converting CAD to US dollars means you're expecting the US dollar to go up. That's not for the average investor. You want to have a macro picture. US dollar has gone down recently, and is very oversold, so we might see a bounce with the non-farm payroll on Friday.
Unknown
WAIT
Wells Fargo
Well run until the whole fiasco. Hasn't performed well from the March 23 bottom. The Fed has been pumping money in, but Wells doesn't have a capital market to benefit from this. It's more tied to the economy. Not a bad bet right now as a value play compared to its peers. Taking proactive steps to conserve cash. Wait on the banks overall.
banks
WAIT
A good time to buy a partial position in natural gas? Nat gas had a huge move in the last week. Inventories are lower than normal, plus the storm on the East Coast. With commodities, they can really go. Seasonal period is September, so look at that as an entry date. Before that, look to see if it's oversold. He's waiting right now, either for a pullback or for seasonality to start. A lot of positives for natural gas.
Unknown
COMMENT
Invest in gold? He watches both gold and the miners. They've all run up a lot. Start with an ETF of gold stocks, such as XGD, GDX or GDXJ. If the market were to correct sharply, the miners can go down quickly, so you have to be careful. Be careful with the miners, as they've run up so much. This is the seasonality for gold miners, and they've performed well.
Unknown
BUY
Agnico-Eagle Mines
He really likes Agnico Eagle because of its lack of geo-political risk. Earnings coming up for miners, so might see a pop. Keep an eye to see if they can hold on to what they've got.
precious metals
PAST TOP PICK
(A Top Pick May 07/20, Up 12%) Strongly outperformed the broad market starting late February. It was a pandemic trade. From late March to early June, it gave it all back. We've seen a baseline, and now it's starting to outperform again. August and September are dangerous times for the market, so this is a favourable trade right now.
E.T.F.'s
PAST TOP PICK
(A Top Pick May 07/20, Up 8%) Healthcare sector is a bit exhausted right now, and seeing relative weakness. He's walked back from it a bit. Coming up to an election, healthcare can become a political football.
E.T.F.'s
PAST TOP PICK
CASH
(A Top Pick May 07/20, Up 0%) Cash was strategic. Not a bad thing right now. The market's a little crazy. This is the time it starts to get a bit volatile. He has cash right now. Too risky to have big overweights in currency at this time.
0
BUY
Not a bad way to play the banks. Banks have underperformed. Historically, they've done quite well in August and September. But now they're struggling. So until they start to show some real outperformance, the covered call is preferable to owning them outright.
E.T.F.'s
DON'T BUY
We've seen the bounce from March 23, but they haven't performed well since then. There's lack of visibility on the future. Until we get past Covid, it's not his favourite sector. It has structural headwinds against it. People are out of work, and we haven't had the wave of bankruptcies yet. Better places to look.
0
WAIT
Top holdings are all from the US, so driven by the rest of the technology market. There's been a rotation out of tech and into cyclicals, but investors go back in when the market's in trouble. Hold off now, as it's showing some signs of fatigue relative to the overall market. Stretched at this level.
E.T.F.'s
DON'T BUY
COPPER
Copper's done extremely well, so people are saying that it's indicative of the health of the global economy. But heads up, as September is seasonally weak for copper. Base metals are running today, but it's not the time to take positions. We're close to the run being done, and may see a pullback. Stay away.
0
TOP PICK
Horizons Gold ETF
More room to run, though we might see a pullback. Gold trades off different factors like geo-political tensions. Inflation expectations have been moving up. A good strategy is to have gold bullion as the core and an ETF for the miners. He has more bullion right now, as the market may be coming up to some volatility. No dividend.
E.T.F.'s