Brian Acker, president and CEO at Acker Finley
Focus: North American large caps

MARKET OUTLOOK

We believe we are in the middle stages of a secular bull market in the U.S. dollar (It’s been five years since I first started mentioning this on BNN Bloomberg). This will ignite rates of return of all U.S. assets, including equities and real estate.

We’re ending 2019 with a bang. Now, all three major central banks (the Fed, ECB and the Bank of Japan) are now doing quantitative easing. This sea of liquidity will have a positive impact on financial markets. It seems the two major asset classes, equities and fixed income, are both going up at the same time. With our view on the U.S. dollar, we see all greenback-denominated assets doing well into 2020. Canada remains a laggard when compared to the U.S. and will continue to be so for the foreseeable future.

TOP PICKS

EXXON MOBIL (XOM:UN)
Last purchased at $82.46 on March 3, 2017.

Model Price is $68.65, representing a downside of 5 per cent.

JOHNSON & JOHNSON (JNJ:UN)
Last purchased at $137.36 on May 14, 2019

Model Price is $185.42, representing an upside of 33 per cent.

MARSH & MCLENNAN (MMC:UN)
Last purchased at $82.58 on December 22, 2017.

Model Price is $115.23, representing an upside of 8 per cent.

PAST PICKS: FEB. 8, 2019

EXXON MOBIL (XOM:UN)

• Then: $73.98
• Now: $68.50
• Return: -7%
• Total return: -4%

PFIZER (PFE:UN)

• Then: $42.23
• Now: $38.07
• Return: -10%
• Total return: -7%

INTEL (INTC:UW)

• Then: $48.84
• Now: $55.91
• Return: 14%
• Total return: 17%

Total return average: 2%

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