Daily News

Source: BNN Bloomberg September 06, 2022

S&P/TSX composite snaps five-day losing streak; U.S. markets decline

Canada's main stock index snapped a five-day losing streak Friday, led by gains in the energy and mining sectors. The S&P/TSX composite index closed up 128.13 points at 19,270.85, bringing an end to the sell-off that began last week when Federal Reserve Ch...

Market Call Source: BNN Bloomberg September 06, 2022

Rick Rule's Top Picks: September 2, 2022

Rick Rule, president and CEO, Rule Investment Media LLC FOCUS: Natural resource stocks MARKET OUTLOOK: Resource markets continue to be very soft, providing opportunities for value-oriented resource investors and speculators. Increasing nominal inte...

Source: BNN Bloomberg September 06, 2022

Bitcoin dips below US$20,000 for a sixth session as 'fear' sets in

Bitcoin fell below US$20,000 for a sixth consecutive trading session, the longest stretch of days that it has dipped under that closely-watch level since the crypto market was rocked by turmoil in July.  The largest cryptocurrency by market value declined...

Source: BNN Bloomberg September 06, 2022

Global bonds tumble into their first bear market in a generation

Under pressure from central bankers determined to quash inflation even at the cost of a recession, global bonds slumped into their first bear market in a generation. The Bloomberg Global Aggregate Total Return Index of government and investment-grade corpo...

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...