Daily News

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...

Source: BNN Bloomberg May 20, 2022

Ontario Teachers’ Pension Plan Board eyes private equity’s turf

The head of one of North America’s biggest investors in private markets wants to cut its reliance on buyout firms and do more dealmaking on his own. Jo Taylor, chief executive officer of Ontario Teachers’ Pension Plan Board, has plans for the $242 billion...

Source: BNN Bloomberg May 20, 2022

CPPIB sees tough climate for private deals with sellers wary

The head of Canada’s largest pension plan said private deals will be hard to complete as sellers resist cutting prices with equity markets tumbling.  “It’s going to be challenging probably for people to close transactions in the near term due to valuation-...

Economics Source: BNN Bloomberg May 20, 2022

'Recession is not inevitable,' Goldman says as stocks sink

US stock investors are pricing in stronger odds of a recession than are evident from positive macroeconomic indicators, according to Goldman Sachs Group Inc. strategists. “A recession is not inevitable,” Goldman strategists led by David Kostin wrote in a n...

Market Call Source: BNN Bloomberg May 20, 2022

John Hood's Top Picks: May 19, 2022

John Hood, president and portfolio manager, J.C. Hood Investment Counsel FOCUS: Options and ETFs MARKET OUTLOOK: Volatility has re-emerged in the markets due to galloping inflation, expectations as to the Fed’s response through higher rates and nuc...

FP Economy Source: Financialpost May 20, 2022

Cargojet CEO says inflation, labour shortages suggest 'almost recessionary economy'

2022 'very different picture' for freight carrier Cargojet Inc. chief executive Ajay Virmani said fuel prices and labour challenges suggest a recession is looming. We apologize, but this video has failed to load. Try refres...