David Burrows, president and chief investment strategist at Barometer Capital Management
Focus: North American large caps
MARKET OUTLOOK
“In this bull market we have an incredibly jittery group of investors, so sentiment has remained very muted and positioning was actually was very defensive coming into the selloff...
“The advent over the last five years of systematic, quantities funds has become important. When there’s a news-driven event, if you got jittery, long-only investors, the systematic funds when they come in to sell and they hit their trigger points, it has a big impact and that’s what you saw yesterday.”
TOP PICKS
DISNEY (DIS.N)
MARVELL TECHNOLOGY GROUP (MRVL.O)
AGNICO EAGLE MINES (AEM.TO)
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| DIS | N | N | Y |
| MRVL | N | N | Y |
| AEM | N | N | Y |
PAST PICKS: SEP. 20, 2018
HESS CORP (HES.N)
- Then: $69.38
- Now: $58.20
- Return: -16%
- Total return: -15%
JPMORGAN (JPM.N)
- Then: $118.63
- Now: $109.25
- Return: -8%
- Total return: -5%
BOEING (BA.N)
- Then: $367.46
- Now: $330.60
- Return: -10%
- Total return: -8%
Total return average: -9%
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| HES | N | N | Y |
| JPM | N | N | Y |
| BA | N | N | N |
WEBSITE: barometercapital.ca
TWITTER: @barometercap
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