Watch Phil with Kim Parlee on Business News Network's Money Talk.
1) Phil gives his outlook for U.S. markets and the US economic economy. Canada may be heading into a recession because the energy is sector dead for years, at least, but the U.S. economy is slowly improving. What is the basis of Phil's 5% rule? Watch the video.
2) Phil explains why oil demand is falling globally and what the implications are for energy-rich economies like Canada. Hint: The TSX (Canada's oil weighted index) is not going to recover. Oil is not going to recover. Oil's not a thing anymore – like wagon wheels. This is why the Saudis aren't holding back on selling their oil. Canada is due for some painful adjustments.
3) Natural gas – Phil gives the details of his options play of the year.
