$BMO #Canada #CanadaUSTradeWar 

I mentioned to rotate some of the shorts from $Citi to BMO yesterday. If you did that and double your capital u invested, lets say via options, take it. In this market, anytime u double, take the money as there is no reason or common sense with the herd we live with.

But for long term, even though I don't bet long term, this one is better than even Citi for now and that's because of #Trump 2.0 and his #TradeWar.

Although the herd traded some compromise yesterday afternoon, if you know Trump just a little, you know that he does not compromise when a jelly fish calls him stupid. So the risk is even higher tariffs for Canada.  If Trump moves against Canada, BMO is at the front line to get decimated, before any other Canadian bank.

A few years ago, BMO bought KGS and its CMO sales army and become an important player in US mortgage market. Not only that, the only difference in brain power between BMO and the rest is this KGS team, who are all ex Salomon sales and trades where mortgage trading started in late 1980s. 

Since we live in the First Triumvirate of the Republic, it depends on one sentence out of Trump's mouth to destroy all that. 

I don't want to even elaborate about the real estate exposures of them since they are all in the same sinking boat in that sense. 

So, my price target is below 80 within a few months but I am not going to wait for that.
#BMO #Canada #CanadaUSTradeWar #Citi