Daily News

Source: BNN Bloomberg September 06, 2022

Retail trading army seeing power wane in market it once ruled

Small-fry investors are still screwing up the courage to buy every dip. Yet their success as a self-fulfilling force is dissipating due to the influence of big money managers who are cutting risk at every opportunity. The do-it-yourself crowd bought a net...

Source: BNN Bloomberg September 06, 2022

Browbeaten U.S. stock bulls wilt in the face of rising Fed hostility

In retrospect, bulls should maybe have been more worried that one of the most reliable tools the Federal Reserve has for subduing inflation is to scare the US equity market. They’re getting the message now. Its hands tied when it comes to unwinding supply...

Source: BNN Bloomberg August 31, 2022

Credit Suisse slashes global equities call, warns of pain ahead

Credit Suisse Group AG recommended investors to go underweight global equities following the Jackson Hole symposium, where central bankers doubled down on their bid to tame inflation through higher interest rates.   The argument for an early dovish pivot b...

Source: BNN Bloomberg August 31, 2022

U.S. stocks end at lowest level in a month; oil sinks

US stocks fell for the third consecutive day as fresh data pointed to resilience in household and labor demand, affirming the Federal Reserve’s resolve to continue to be aggressive in its fight against inflation. Commodities from oil to copper sank as the dol...

Source: BNN Bloomberg August 31, 2022

Stock markets decline for third day in row; S&P/TSX down more than 300 points

North American stock markets declined for a third straight trading session Tuesday, as the fallout from a surprisingly hawkish speech last week by the chair of the U.S. Federal Reserve continued.  In a high-profile speech in Jackson Hole, Wyo. last Friday,...

Market Call Source: BNN Bloomberg August 31, 2022

Brian Madden's Top Picks: August 30, 2022

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities MARKET OUTLOOK: Our team is actively monitoring incoming macroeconomic data and a multitude of indicators across stock, bond, currency, commodity...

Source: BNN Bloomberg August 31, 2022

Global bond index tumbles toward bear market on Powell pushback

Bonds are sliding toward the first bear market in a generation, burning investors who erred in bets that central banks would pivot away from rapid interest-rate hikes. The Bloomberg Global Aggregate Index, which tracks total returns from investment-grade g...

Source: BNN Bloomberg August 31, 2022

Market selloff's sequel is moment of truth for summer stock enthusiasts

It’s easy to be an optimist when sailing is smooth. The real test comes when things get rough. That’s where true-believer bulls find themselves as momentum reverses in equity markets, with pro-stock arguments based on everything from valuations to financia...

FP Economy Source: Financialpost August 31, 2022

Canadian economy grows 3.3% in second quarter, but momentum slowing: What you need to know

Statistics Canada estimates GDP shrank 0.1% in July Canada’s economy grew in the second quarter, but momentum is slowing as the Bank of Canada’s aggressive interest-rate hikes take some of the heat out of the economy. We ap...

FP Economy Source: Financialpost August 31, 2022

Bank of Canada sets record straight on 'printing money' claim with Twitter thread

Central bank has been using social media to engage the public on the economy OTTAWA — As the Bank of Canada tries to rein in red hot inflation, the central bank is engaging in another fight: one against misinformation. We apolo...