David Burrows, president and chief investment strategist at Barometer Capital Management
Focus: North American large caps

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MARKET OUTLOOK

"There are lots of people who’d say these FAANG stocks are what’s been dragging everything higher. It is absolutely not the case. I track breadth: the percentage of stocks or securities in specific universes that are participating in a rally. And breadth has been slowly expanding since March. That means it’s getting better, not worse. There’s no mayor selloff in history that ever took place while breadth was expanding: that’s a market getting healthier. If you look at the Value Line Arithmetic Index — it’s an index of 17,000 major U.S. stocks unweighted, so they all are worth the same in the index — it’s already hit a new high … That tells you it’s not just four, five or six stocks: it’s the broad market that’s getting better and you can’t argue that."

TOP PICKS

SHOPIFY (SHOP.TO)
Recent purchase on June 5 at $211.01.

E*TRADE FINANCIAL (ETFC.O)
Recent purchase on April 4 at $55.78.

ILLUMINA (ILMN.O)
Recent purchase on July 12 at  $299.31.

 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
SHOP N N Y
ETFC N N Y
ILMN N N Y

 

PAST PICKS: JULY 18, 2017

MASTEC INC (MTZ.N)
Sold on Aug. 16, 2017 at $39.15.
  • Then: $45.05
  • Now: $51.55
  • Return: 14%
  • Total return: 14%

D.R. HORTON (DHI.N)
Sold on Dec. 12, 2017 at $50.05.

  • Then: $36.41
  • Now: $42.98
  • Return: 18%
  • Total return: 19%

BROADCOM (AVGO.O)
Sold on June 28, 2018 at $243.31

  • Then: $250.88
  • Now: $209.18
  • Return: -17%
  • Total return: -15%

Total return average: 6%

 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
MTZ N N N
DHI N N N
AVGO N N N

 

FUND PROFILE

Barometer Global Macro Pool Class F
Performance as of: June 30, 2018

  • 1 Month: -1.19% fund, -0.21% index
  • 1 Year: 11.22% fund, 2.54% index
  • 3 Year: 12.51% fund, 1.89% index
  • 5 Year: 14.34% fund, 2.70% index

* Index: Barclays Global Macro Index ($USD).

TOP 5 HOLDINGS AND WEIGHTINGS

  1. ALPS Medical Breakthroughs ETF (BIO):  5.14%
  2. Vanguard Consumer Discretionary Index Fund (VCR): 5.11%
  3. iShares SPDR S&P Regional Banking ETF (KRE): 5.08%
  4. First Trust Cloud Computing ETF (SKYY): 4.99%
  5. First Trust Dow Jones Internet Index Fund (FDN): 4.98%

TWITTER: @BarometerCap
WEBSITE: www.barometercapital.ca