Daily News

Source: BNN Bloomberg September 06, 2022

The market is underestimating U.S. Fed risk even after rout, Bank of America says

A late-summer lull is nowhere to be seen in the stock market, with traders recalibrating their expectations after a blunt warning from the Federal Reserve chief in Jackson Hole. Most likely, they have a long ways to go.  So say derivatives strategists at B...

Source: BNN Bloomberg September 06, 2022

S&P/TSX composite losses deepen as selloff extends to fourth straight day

Canada’s main stock index declined for a fourth straight trading session Wednesday to end the month of August with investor sentiment squarely in the risk-off camp. The S&P/TSX composite index closed down 182.09 points at 19,330.81. In New York, stock m...

Market Call Source: BNN Bloomberg September 06, 2022

Brooke Thackray's Top Picks: August 31, 2022

Brooke Thackray, research analyst, Horizons ETF Management Canada FOCUS: Seasonal investing and technical analysis MARKET OUTLOOK: Some economic data, such as employment, has been showing signs of a strong economy. However, there is an increasing n...

Source: BNN Bloomberg September 06, 2022

Stock indexes face fresh low this year, Morgan Stanley's Wilson says

Investors should brace for more pain as US stock indexes haven’t yet hit bottom for the year, according to Mike Wilson, chief US equity strategist at Morgan Stanley. “The index usually is the last thing to fall,” Wilson, who’s predicted this year’s equity...

Source: BNN Bloomberg September 06, 2022

U.S. stocks end session higher before jobs report

A surprising late-day reversal took US stocks higher as investors await Friday’s jobs report to gauge how hawkish the Federal Reserve will be. Recent data pointed to a resilient US economy, buoying sentiment later in the day.  The S&P 500 ended its losing...

Source: BNN Bloomberg September 06, 2022

Jeremy Grantham warns 'super bubble' in stocks has yet to burst

Famed investor Jeremy Grantham said the “super bubble” he previously warned about has yet to pop, even after this year’s turbulence in the US stock market.  The co-founder of Boston asset manager GMO, known for calling market bubbles, said in a note Wednes...

Source: BNN Bloomberg September 06, 2022

BlackRock says energy is bright spot as it sours on stocks

BlackRock Inc.’s senior investment strategist Kurt Reiman says shares of oil and gas companies will continue to be a rare bright spot in an otherwise tough market, even as the asset manager downgrades its position on equities to underweight as central bankers...

Source: BNN Bloomberg September 06, 2022

Stock market sell-off continues amid recession fears, slumping commodity prices

Canada's main stock index extended its broad-based sell-off into a fifth straight day Thursday, as recessionary fears mounted and global commodity prices slumped. The S&P/TSX composite index closed down 188.09 points at 19,142.72. In New York, the Dow J...

Market Call Source: BNN Bloomberg September 06, 2022

Jason Mann's Top Picks: September 1, 2022

Jason Mann, co-founder and chief investment officer, EHP Funds FOCUS: North American equities MARKET OUTLOOK: Despite the rally of the lows in July, markets have continued to be volatile across asset classes, and we don’t believe we are out of t...

Source: BNN Bloomberg September 06, 2022

RBC adds GFL, National Bank to fall Canadian focus list

Strategists at RBC Dominion Securities Inc. added two new names, GFL Environmental Inc. and National Bank of Canada, to their Canadian Focus List on Thursday, while The Bank of Nova Scotia was removed from the list. The bank’s Focus List is comprised of at...