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.

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.

(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.

(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.

(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.

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.

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.