Strategist sees once-in-a-generation investment opportunity. Plus, will Air Canada stock ever find lift?

A myopic focus on large-cap technology stocks combined with a broader reacceleration of S&P 500 profits is creating a once-in-a-generation investment opportunity, according to aThe research team at RBA is led by founder Richard Bernstein, former chief U.S. quantitative strategist at Merrill Lynch. They are extremely bullish on most of the U.S. market outside of the Magnificent 7 group of technology giants – Alphabet, Nvidia Corp., Tesla Inc.

To further support their case, RBA points to the OECD Leading Economic Indicators for the U.S., which has historically been correlated to the profit cycle. The leading indicators have troughed and began a move higher, implying a similar move for broader earnings growth.

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