We recently discussed how investors, afraid of missing out, sent shares of GameStop Corp. (NYSE:GME) and BlackBerry Ltd (NYSE:BB, TSE:BB) into the stratosphere. Wall Street might have been taken by surprise, but the aftermath was entirely predictable. For stocks to maintain their gains and climb even higher, there needs to be a reason. Unfortunately, there […]
02
Feb
Feb
Many of the most-trusted technical indicators suggest the stock market is seriously overvalued. And when it is, you have to be careful about what you’re investing in. But with stocks in record territory, investors are looking anywhere and everywhere to find the next big winner. The result? Irrational exuberance on social media sites have sent […]
29
Jan
Jan
As of this writing, the stock market is at record levels with many Wall Street and Bay Street analysts saying stocks have surged into bubble territory. And we all know what happens to stock market bubbles. The big question is, are stocks as overvalued as they were during the Roaring Twenties, which begat the Great […]
26
Jan
Jan
The Canadian economy tumbled into a recession in 2020 because of the coronavirus pandemic. Canadians were quarantined at home, businesses shuttered their doors, and unemployment rang higher. While many are hoping 2021 will be different, all indicators suggest it could be just as tough on the Canadian economy. In fact, the Bank of Canada recently […]
22
Jan
Jan
Just last week every North American market made new all-time highs, including the Toronto Stock Exchange! On the surface, everything seems to be booming. But, when we look around, we see a global pandemic that has many places under lockdown or stay-at-home orders. Businesses are closing down, and people are losing their jobs at a historic rate. […]
19
Jan
Jan
As of this writing, the broader stock market is trading at record levels. When the stock market is this hot, it’s tough to find undervalued stocks with great upside potential. Despite the ongoing pandemic and shaky global economy, investors have sent stock valuations into the stratosphere. Value stocks were the biggest winners of 2020, with […]
12
Jan
Jan
The stock market fluctuated on January 6 after it was announced that two Georgia Senate seats up for grabs in the run-off election were won by Democrats. The win creates a 50-50 split in the U.S. Senate, but Vice President-elect Kamala Harris can break any tie vote. This means the Democrats are in control of […]
07
Jan
Jan
Suffice it to say, 2020 was a volatile year for stocks. We actually warned readers in early February that the coronavirus could spark a global recession. We were, unfortunately, right. Stocks plunged, with the S&P 500 slipping 34% in the first quarter. Despite ongoing fears about how COVID-19 would affect the global economy, stocks climbed […]
In this month’s market review, our Chief Options Specialist, Jason Ayres, reflects on the December market conditions. The Canadian and U.S. stock markets experienced some wild swings ahead of the U.S. election as investors hoped for the best, but anticipated the worst for the election outcome. The Biden win was a clear catalyst for the […]
30
Nov
Nov
Canadian and U.S. stocks and global equities are trading near record highs and just had their best November ever. Investors are increasingly optimistic following word that COVID-19 vaccines will be available soon, that Joe Biden won the U.S. presidential election win, and that his administration will provide not just political stability, but will also provide […]
