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The Stock Market Crashed in 2020, It Could Crash Again in 2021

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 […]

Stocks at Record Levels but Could Crash 40% by April 2021

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 […]

Cannabis Stocks Were the Biggest Winner in the U.S. Election

Why Are Marijuana Stocks Doing So Well after the Election? Before the U.S. election, President Donald Trump warned that if Joe Biden won the November election, he would plunge the country into a depression and the stock market would crash. That didn’t happen. In fact, it appears as though Wall Street is quite content with […]

Nasdaq Experiences Sell-Off as COVID-19 Vaccine Could Allow Economy to Reopen

The tech-heavy Nasdaq has been selling off after news emerged that pharmaceutical giant Pfizer Inc. announced that its COVID-19 vaccine could be 90% effective. Optimism that the biggest health crisis of the last century could eventually be under control and that the global economy could get back to normal sent shockwaves throughout the investing community. […]

Canadian Economy Not Expected to Recover from COVID-19 until 2023

The Canadian economy was sluggish before it was hammered by the coronavirus pandemic. While the Canadian economy was expected to rebound quickly after the country went into lockdown this past spring, the second wave has burst that bubble. It now looks as though the country’s economic rebound will take a lot longer than expected. When […]

Will the Stock Market Experience a 10% Correction Before the End of 2020?

The stock market has been surprisingly resilient in 2020. Despite a stock market crash in March and the September sell-off, the S&P 500 is up 12% year-to-date, while the Nasdaq is up more than 27%. That said, ongoing uncertainty and volatility has led some to suggest the stock market correction that began in September is […]