Daily News

Source: BNN Bloomberg April 19, 2022

Big tech swept into selloff erasing US$1T from Nasdaq 100

Traders are shunning technology stocks amid mounting risks from soaring Treasury yields and hawkish commentary from the Federal Reserve.  The Nasdaq 100 Stock Index sank more than 2 per cent Monday, adding to losses sustained last week that have erased ove...

Source: BNN Bloomberg April 19, 2022

Stocks finish lower in run-up to bank earnings

Stocks closed down as a surge in oil above US$100 a barrel reignited inflation worries, while big banks dropped ahead of the start of the financial earnings season on Wednesday. The S&P 500 erased gains that were earlier driven by speculation that price pr...

Economics Source: BNN Bloomberg April 19, 2022

Traders eye BoC as possible catalyst for Canadian dollar catchup

Canada’s dollar has scope to make up ground against some of its biggest commodity-related peers if the country’s central bank provides an appropriate shot of hawkishness this week. While the currency has received some support from higher oil and resource p...

Market Call Source: BNN Bloomberg April 19, 2022

Brian Acker's Top Picks: April 12, 2022

Brian Acker, president, CEO, and chief investment strategist at Acker Finley FOCUS: North American large cap stocks MARKET OUTLOOK: When I was on BNN Bloomberg last March 17th, I suggested the markets, especially the U.S., would rally off the then...

Source: BNN Bloomberg April 19, 2022

Unused to volatility, young investors may dread a downturn. Here's how to prepare

Between rising inflation and geopolitical events, there’s been uncertainty in the future of the markets.  “It’s one of these times where you just feel like anything could happen ... A lot of people have some anxiety about what’s to come in the short term o...

Source: BNN Bloomberg April 19, 2022

Stocks climb as bond traders dial back U.S. Fed wagers

Technology companies led gains in stocks, with bond traders paring aggressive bets on Federal Reserve hikes amid speculation that inflation may be near a peak. Investors also weighed the start of the earnings season against geopolitical risks. The S&P 500...

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...