Despite the sell-off in tech stocks, the broader stock market is still treading near record levels. And while there is decent economic data rolling in, stock valuations are still frothy with many analysts saying we’re in a stock market bubble. Others of course believe the equity bubble is not as stretched as it seems. On […]
26
Feb
Feb
Back in January we cautioned that while growth stocks were the biggest winners in 2020, they were ripe for a pullback in 2021. Because of weak economic growth, investors turned to growth stocks, looking for outsized gains. Tech stocks have soared since March 2020, but so too have their valuations. With bond yields going higher, […]
23
Feb
Feb
The major North American stock market indexes are all near record highs, but they have been trading in the red over the last few days. This has raised concerns that equities are on the verge of a stock market correction, which is typically defined as a drop of at least 10% from the most recent […]
16
Feb
Feb
The stock market was enjoying its longest bull run in history until the coronavirus sent the stock market spiralling back in March 2020. The recovery since then has been breathtaking. The S&P 500 has climbed 75% since bottoming last March. Over the same time frame, the Nasdaq has more than doubled and the TSX is […]
In this month’s market review, our Chief Options Specialist, Jason Ayres, reflects on the January market conditions. 2020 ended on a much better note than many people expected despite the ongoing uncertainty with the pandemic. Since December, a lot has happened: the storming of Capitol Hill, full democratic sweep, new COVID-19 variants, and a vaccine […]
09
Feb
Feb
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. […]
