Daily News

Source: BNN Bloomberg June 16, 2022

Unusual divergence between stock market and earnings: Strategists

Stock markets may have become too pessimistic about corporate earnings despite the gloomy outlook for the global economy, according to Sanford C. Bernstein strategists. “While the probability of an outright recession has likely increased in recent days as...

Market Call Source: BNN Bloomberg June 16, 2022

Chris Blumas' Top Picks: June 15, 2022

Chris Blumas, portfolio manager, Raymond James Investment Counsel FOCUS: North American large-cap stocks MARKET OUTLOOK: It’s been a rough start to 2022 for investors as equity markets around the world have sold off. Recession fears continue to dom...

Source: BNN Bloomberg June 15, 2022

Traders put 80% odds on three-quarter-point rate hike in Canada

Bets are mounting quickly for a super-sized interest rate hike from the Bank of Canada next month, on the heels of expectations for a 75-basis-point move from the Federal Reserve this week. Trading in overnight swaps now suggest there’s an 80 per cent chan...

Market Call Source: BNN Bloomberg June 15, 2022

Christine Poole's Top Picks: June 14, 2022

Christine Poole, CEO and managing director at GlobeInvest Capital Management FOCUS: North American large-cap stocks MARKET OUTLOOK: Consumer spending is a major source of economic growth. In the U.S., consumer spending accounts for more than two-th...

Source: BNN Bloomberg June 15, 2022

Volatility grips stocks as Treasury yields jump

Volatility continued to grip financial markets on concern the Federal Reserve’s aggressive stance to fight stubbornly high inflation will throw the world’s largest economy into a recession. After facing many twists and turns, the S&P 500 closed down for a...

Source: BNN Bloomberg June 15, 2022

Big money in stocks is in mad dash to get out of U.S. Fed's way

Despite a lot of confident predictions, nobody knows what will happen at the Federal Reserve Wednesday, never mind what the impact will be on markets. Professional investors aren’t waiting around to find out. Particularly among managers who premise strateg...

Source: BNN Bloomberg June 14, 2022

U.S. stocks' pandemic bull run ends with recession fear

US stocks entered a bear market, Treasury yields spiked to levels not seen in a decade and the dollar rallied as the fallout from a hot inflation reading continued to rattle global trading already shaken by worries the Federal Reserve will plunge the economy...

Source: BNN Bloomberg June 14, 2022

'Dollar ate my profit' is corporate America's lament once again

Among the cavalcade of challenges facing corporate America, from historically high inflation to the lingering effects of the pandemic, a familiar lament is beginning to dominate C-suite conversations once again: the meteoric ascent of the dollar. Microsoft...

Source: BNN Bloomberg June 14, 2022

TSX in correction, S&P 500 enters bear market as selloff deepens

The TSX composite sold off by 2.63 per cent on Monday to close at 19,742.56 points, bringing the Canadian index into correction territory -- meaning it’s down 10 per cent from its all-time high earlier this year. All 11 subgroups closed lower, led by healt...

Source: BNN Bloomberg June 14, 2022

Goldman and Morgan Stanley say stocks don’t fully reflect risks

Even after this year’s rapid selloff, equities are still not fully reflecting the vast risks facing corporate earnings and weaker consumer demand, according to strategists at Morgan Stanley and Goldman Sachs Group Inc. “The Equity Risk Premium does not ref...