Daily News

Source: BNN Bloomberg April 19, 2022

Stagflation risk has big investors sinking billions into hedges

It’s the next big market call that could enrich traders across Wall Street: The raging global energy crisis and ever-more hawkish central banks knock key economies into 1970s-style stagflation. It’s a long shot for now, but anxiety is building among money...

Market Call Source: BNN Bloomberg April 19, 2022

Chris Blumas’ Top Picks: April 13, 2022

Chris Blumas, portfolio manager, Raymond James Investment Counsel Ltd. FOCUS: North American large cap stocks MARKET OUTLOOK: All eyes are on the U.S. Federal Reserve as it tries to combat high inflation and engineer a soft landing for the U.S. econo...

Source: BNN Bloomberg April 19, 2022

U.S. stocks drop as hawkish Fed wagers lift bond yields

Stocks fell as Treasury yields climbed on speculation the Federal Reserve will boost rates aggressively to contend with decades-high inflation. The expiration of options potentially amplified equity-market moves on Thursday. Twitter Inc. closed lower as bi...

Source: BNN Bloomberg April 19, 2022

BlackRock strategists say traders are wrong on Fed's rate path

Strategists from the world’s biggest asset manager are challenging traders betting that the Federal Reserve will raise rates to around 3 per cent next year, saying that policy makers will raise borrowing costs to 2 per cent, but not go much further. An ove...

Source: BNN Bloomberg April 19, 2022

U.S. stocks waver in choppy session, long-end bonds fall

U.S. stocks ended little changed in thin trading Monday and Treasuries ticked lower at the long-end of the curve as investors focused on corporate results and prospects for faster policy tightening by the Federal Reserve. The S&P 500 closed down less than...

Commodities Source: BNN Bloomberg April 19, 2022

Commodity stocks oust financials as TSX heavyweights

Canada’s resources sectors have overtaken financials as the heavyweights of its main equity index for the first time since August 2020 as oil and metal prices rally and global banks slump. Energy and materials companies now constitute about 31.07 per cent...

Market Call Source: BNN Bloomberg April 19, 2022

Darren Sissons' Top Picks: April 18, 2022

Darren Sissons, vice-president and partner at Campbell, Lee & Ross FOCUS: Global and technology stocks MARKET OUTLOOK: An interest rate regime change is now in effect. Largely, since the onset of the 2008 global financial crisis, interest rates hav...

Source: BNN Bloomberg April 19, 2022

U.S. stocks tick higher as Treasury yields climb

U.S. stocks edged higher in early trading and Treasuries slid as investors weighed the prospect of aggressive policy action to curb inflation. The S&P 500 swung to a 0.2 per cent gain, while the tech-heavy Nasdaq 100 fell. The 10-year Treasury yield hit a...

Source: BNN Bloomberg April 19, 2022

TSX posts triple-digit gain after Bank of Canada lifts rates

A broad rally led by the technology and commodity sectors pushed Canada's main stock index higher midweek as the Bank of Canada approved its largest interest rate increase in two decades. The S&P/TSX composite index closed up 122.61 points to 21,838.02 aft...

Market Call Source: BNN Bloomberg April 19, 2022

Christine Poole's Top Picks: April 14, 2022

Christine Poole, CEO and managing director at GlobeInvest Capital Management FOCUS: North American large cap stocks MARKET OUTLOOK: The geopolitical landscape is changing, potentially leading to a realignment of alliances and a restructuring of glo...