TORONTO — Canada’s main stock index had its worst day in more than three decades, closing down 10.3 per cent Monday as a collapse in oil prices triggered a plunge in the energy sector and the loonie. The S&P/TSX composite index lost 1,660.78 points to close at 14,514.24 in the largest single-day decrease since 1987. The TSX hit a 14-month low as the capped energy index decreased more than 27 per cent with Cenovus Energy Inc. slumping 51.6 per…
— Read on www.msn.com/en-ca/money/topstories/tsx-sinks-103-per-cent-in-worst-day-since-1987-on-plunging-oil-prices/ar-BB10WpyJ
Tag: Stockmarket
Global stocks regain ground after biggest rout since financial crisis – BNN Bloomberg
Global stocks regain ground after biggest rout since financial crisis – BNN Bloomberg
— Read on www.bnnbloomberg.ca/global-stocks-regain-ground-after-biggest-rout-since-financial-crisis-1.1402910
Mohamed El-Erian: Stocks could end up down 20%-30% before bottom
“This is going to be treacherous for a while. I would advise most retail investors to stay on the sidelines, not panic. There will be opportunities but they’re not now,” the chief economic advisor at Allianz said.
— Read on www.cnbc.com/2020/03/09/mohamed-el-erian-stocks-could-end-up-down-20percent-30percent-when-bottom-reached.html
Stocks have not been this attractive vs bonds since the 1950s, according to Bank of America
“Stocks have not been this attractive vs. bonds since the 1950s,” Bank of America Securities equity and quant strategist Savita Subramanian said in a note to clients.
— Read on www.cnbc.com/2020/03/09/stocks-have-not-been-this-attractive-vs-bonds-since-the-1950s-according-to-bank-of-america.html
Mohamed El-Erian lifts his do not buy the dip warning for pros only
“If you are a long-term investor, I would wait,” economist Mohamed El-Erian said. “If you’re a short-term tactical investor, there’s a lot of opportunities out there.”
— Read on www.cnbc.com/2020/03/02/mohamed-el-erian-lifts-his-do-not-buy-the-dip-warning-for-pros-only.html
Stocks extend losses on virus fears, bond yields hit record lows – BNN Bloomberg
Stocks extend losses on virus fears, bond yields hit record lows – BNN Bloomberg
— Read on www.bnnbloomberg.ca/stocks-extend-losses-on-virus-fears-bond-yields-hit-record-lows-1.1396359
Chart: Visualizing the Length and Growth of Every Modern Bull Market
This chart compares every U.S. bull market since WWII based on length and strength. Where will the chips fall on the most recent bull run?
— Read on advisor.visualcapitalist.com/bull-markets-by-length/
Stock market recap Monday: Global markets lose $1.7 trillion, Trump on sell-off, Dow futures bounce
A discussion what is moving markets, including the number of coronavirus cases outside of China spiking.
— Read on www.cnbc.com/2020/02/24/stock-market-today-live.html
The first stock-market ‘correction since October has begun,’ says Morgan Stanley analyst who called 2018 tech rout – MarketWatch
Michael Wilson, Morgan Stanley’s chief U.S. equity strategist, says the first major stock market pullback since October is under way.
— Read on www.marketwatch.com/story/the-first-stock-market-correction-since-october-has-begun-says-morgan-stanley-analyst-who-called-2018-tech-rout-2020-01-27
Stocks appear detached from reality, rallying in anticipation of two things that may not happen
“The market is way ahead of its earnings,” one market analyst said.
— Read on www.cnbc.com/2020/01/18/stocks-appear-detached-from-reality-rallying-in-anticipation-of-two-things-that-may-not-happen.html