Mike Philbrick’s Top Picks for Nov. 6, 2026

Summary

• Mike Philbrick, CEO of ReSolve Asset Management, issued a market call on November 6, 2026, focusing on ETFs amidst a recent AI selloff.
• The outlook suggests that while AI capability advances, the required capital buildout for infrastructure creates inflationary pressures before productivity gains materialize.
• Philbrick warns that owning temporary infrastructure bottlenecks differs from owning businesses with durable competitive advantages as intelligence becomes cheaper & more available.
• Top pick CI Invesco S&P 500 Equal Weight Index ETF (EQL TSX) offers diversification from mega-cap tech dominance by equally weighting S&P 500 constituents to capture potential benefits in healthcare, industrials, & financial services.
• Top pick iShares Core Canadian Short Term Bond Index ETF (XSB TSX) provides 3.6% yield with 2.8-year duration to generate income while reducing sensitivity to uncertain long-term interest rate movements.
• Top pick VanEck Morningstar Wide Moat ETF (MOAT) targets U.S. companies with sustainable economic moats & attractive valuations to capture lasting economic value from AI rather than just infrastructure costs.
• Past picks from November 27, 2025, show a 16% return for BMO Equal Weight U.S. Health Care ETF (ZUH TSX), a -4% return for iShares Core Canadian Government Bond Index ETF (XGB TSX), & a 21% return for SPDR S&P Biotech ETF (XBI NYSE).