Daily News

Source: BNN Bloomberg May 25, 2022

Goldman strategist says stocks will bottom once Fed signals shift

The selloff in equities will reach a bottom once the Federal Reserve signals the end of tightening, which may not happen until recession is apparent, according to Goldman Sachs Group Inc.  “It may be necessary for the market to become more confident than i...

Source: BNN Bloomberg May 25, 2022

Wall Street is buying treasuries again in bet the worst is over

Across Wall Street, from BlackRock Inc. to T. Rowe Price Group Inc., some veterans of the bond market’s booms and busts are seeing signs that it’s safe to start buying again.  Few are eager to call the bottom just yet, not with inflation still surging at a...

Source: BNN Bloomberg May 25, 2022

Stocks finish off session lows while bonds climb

Stocks pared losses as a rebound in defensive companies offset a slide in technology shares triggered by a profit warning from Snap Inc. Gains in sectors such as utilities and consumer staples pushed the S&P 500 off from session lows. The tech-heavy Nasdaq...

Market Call Source: BNN Bloomberg May 25, 2022

Paul Harris' Top Picks: May 24, 2022

Paul Harris, partner and portfolio manager, Harris Douglas Asset Management FOCUS: North American and global stocks MARKET OUTLOOK: I think we are in a period of extended volatility with the Ukraine-Russian crisis, inflation and the Federal Reserve...

FP Economy Source: Financialpost May 25, 2022

Mary Ng walks out on Russian counterpart at APEC, signalling a shift in global co-operation

Policymakers such as Ng appear to have decided they don't want to be in the room when a Russian has something to say Just as Russia’s minister for economic development Maxim Reshetnikov was set to deliver his opening remarks at the 2022 Asia-Pacifi...

Source: BNN Bloomberg May 22, 2022

Mass outflows hit every asset class as recession fears climb

Investors fled every major asset class in the past week, with US equities and Treasuries a rare exception to the massive exodus, amid concerns that tightening monetary policy will push major economies into a recession. Equity funds had US$5.2 billion outfl...

Source: BNN Bloomberg May 22, 2022

S&P 500 sinks into bear market amid brutal equities selloff

A two-year run in stocks that began at the depths of the coronavirus panic and became one of most powerful bull markets on record is on the brink of extinction. The S&P 500 slipped more than two per cent on Friday, pushing it 20 per cent below its record c...

Source: BNN Bloomberg May 22, 2022

S&P 500 falls 20% from closing high as bonds gain

U.S. stocks continued their slide toward a bear market, with the S&P 500 dipping 20 per cent below its Jan. 3 closing record. Treasuries and the dollar gained as havens caught bids. The benchmark lost 1.7 per cent in afternoon trading. A close at that leve...

Market Call Source: BNN Bloomberg May 22, 2022

Darren Sissons' Top Picks: May 20, 2022

Darren Sissons, vice-president and partner at Campbell, Lee & Ross FOCUS: Global and technology stocks MARKET OUTLOOK: The markets have deteriorated throughout 2022. Central banks across the globe are coordinating efforts to lower inflation through...

Source: BNN Bloomberg May 20, 2022

Stocks end lower in late-day slide as havens bid

US stocks fell in a volatile day of trading as investors weighed prospects for growth against a backdrop of rising prices and tightening monetary policy. Treasuries held gains amid a steady stream of haven bids. The S&P 500 swung back into the red in the l...