’Big Bounce’ Coming for Canadian Equities, BMO Says
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
People
Brian Belski (Bank of Montreal)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283
(Bloomberg) -- A "big bounce" is coming for Canadian stocks once calmer heads prevail, BMO chief investment strategist Brian Belski writes in a note.
- Says the "negative-first" mantra of Canadian-focused investors means a higher loonie and rising bond yields are scaring investors when they should be boosting confidence in the economy
- In years when the CAD has appreciated from Dec. 31 to the end of August, the TSX rallies on average over the next six months; the same is true of rising 10-year government bond yields
- Upside should be led by banks and perhaps energy
- NOTE: Sept. 13, RBC Pushes Back 16,300 S&P/TSX Target to Year-End 2018 from 2017
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
People
Brian Belski (Bank of Montreal)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283