Daily News

Source: BNN Bloomberg June 04, 2022

Lockstep stock market is forcing everyone to be a macro trader

Day-to-day odds-making on whether the Federal Reserve will cause a recession has become the only thing that matters in equities. One day feast, next day famine -- obsession with a single input, the economy, has driven measures of correlation among individu...

Source: BNN Bloomberg June 04, 2022

U.S. stocks resume weekly losses as jobs fuel rate bets

US stocks resumed their trend of weekly losses after strong hiring data cleared the way for the Federal Reserve to remain aggressive in its fight against inflation. Treasuries fell and the dollar strengthened against peers. The S&P 500 slumped 1.6 per cent...

Source: BNN Bloomberg June 04, 2022

Investors in 'apathetic coma' on energy firm returns: Nuttall

Oil investors need to demand more from energy companies that are not maximizing their returns to shareholders, especially as crude oil prices hover around US$120 per barrel, according to Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners...

Source: BNN Bloomberg June 03, 2022

U.S. stocks advance as traders weigh mixed reports

US stocks snapped a two-day slide to rally ahead of Friday’s nonfarm payroll report, as traders expect to see cooler labor demand, which could alleviate some inflation concerns. The S&P 500 rose 1.8 per cent, led by gains in consumer discretionary, while t...

Source: BNN Bloomberg June 03, 2022

Threat of stagflation challenging time for investors to stickhandle, experts say

Many investors may have to turn to their parents and grandparents for advice on how to weather stagflation. The last big bout of stagnant growth and high inflation was in the 1970s and early 1980s, a period when an oil shock led to double-digit inflation t...

Market Call Source: BNN Bloomberg June 03, 2022

Barry Schwartz's Top Picks: June 2, 2022

Barry Schwartz, chief investment officer and portfolio manager, Baskin Wealth Management FOCUS: North American large-cap stocks MARKET OUTLOOK: Baskin Wealth Management prefers to focus simply on owning high-quality businesses rather than attemptin...

Source: BNN Bloomberg June 03, 2022

Bitcoin meets resistance at US$30,000 while risk appetite returns

Bitcoin rebounded after slumping along with stocks on Thursday, meeting resistance at the US$30,000 level around which it’s been trading for the past month.  The largest cryptocurrency rose as much as 2.5 per cent to US$30,372 during New York trading, whil...

Source: BNN Bloomberg June 03, 2022

Try high-interest ETFs as a cash alternative: CIBC

As some investors sit on the sidelines while they await more clarity on interest rate hikes and the path of inflation, strategists at CIBC Capital Markets say exchange-traded funds that are tied to high interest savings accounts are becoming a popular portfol...

Source: BNN Bloomberg June 02, 2022

U.S. stocks decline as data show a still-hot economy

US equities started the month lower after a strong set of data suggested the Federal Reserve has not yet slowed growth enough to tamp down inflation, while JPMorgan Chase & Co.’s Jamie Dimon warned restrictive policies threaten to tip the economy into recessi...

Source: BNN Bloomberg June 02, 2022

Strategists say profit downgrades pose risk to equity rally

  After a difficult first five months of 2022, the pain may not be over yet for global equity markets, according to Citigroup Inc. strategists. The prospect of downward revisions to earnings estimates is the latest headwind to face stock investors, alre...