Capital 10X 2019 Market Outlook – Navigating the ‘Chop’

Thomas George and John Mastromattei provide investors with their 2019 market outlook, where they see the market remaining range bound with an upward bias.

Macroeconomic volatility has created a market dynamic that will create a challenging trading environment. The goal for traders will be to manage that volatility within their portfolios and protect the downside at every opportunity.

Grizzle’s Head of Investment Strategy Christopher Wood has been salient in calling the market. We highly recommend our readers to follow his work. His recent piece provides an excellent insight into the Fed Chairman Jerome Powell’s pivot on quantitative tightening and the new reality that asset prices now drive economies and not the other way around.

They view gold equities as the best risk/return trade for the year, providing an insurance policy against macroeconomic volatility. Gold miners are the preferred play as they provide operational leverage to an increased gold price.

Investors are recommended to employ a barbell strategy:

  • Long tail risk insurance: Gold stocks
  • Long high growth: Cannabis & Technology

Their top gold picks are:

  • Guyana Goldfields (Ticker: GUY)
  • Alio Gold (Ticker: ALO)
  • Detour Gold (Ticker: DGC)

The opinions provided in this article are those of the author and do not constitute investment advice. Readers should assume that the author and/or employees of Capital 10X hold positions in the company or companies mentioned in the article. For more information, please see our Content Disclaimer.

Thomas has over 17 years of global institutional investment management experience. At TD Asset Management he was Director of Global Resources and lead Portfolio Manager for over $1 billion of global equities (resource and sustainability funds). Thomas is a Chartered Financial Analyst and has been featured on BNN Bloomberg, CTV, Benefits & Pension Monitor and the National Post. Address: 682 Indian Road, Toronto, Ontario, M6P 2C9. Phone: 416-721-8257.

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Nice video boys!

Ming Ling
Ming Ling

These boys just keep pounding away… and I like to watch.


Like you guys a lot!