The stock market could bottom in 2024: David Rosenberg - BNN Bloomberg

“There is no evidence of the stock market ever bottoming as the central banks are still raising rates into an inverted yield curve,” Rosenberg said in TV interview on Tuesday.

"The real thing happens deep into the easing cycle and that's probably a story for late next year or into 2024,” he said. Central banks around the world are showing little sign of slowing down when it comes to raising interest rates, as they continue to fight runaway inflation.

no one truly listens to Rosie, do they? he's been on perma bear for decades

retzhbk

Poor man version’s Jim Cramer. That’s why Buffet said even monkeys can do better than these kinds of “fund managers “

That Rosie is soo funny.

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Canada adds 21,000 jobs in tight market; Unemployment rate falls - BNN BloombergCanadian employment grew in September for the first time in four months, but gains remained moderate in a sign the labor market continues to be near full capacity.
منبع: BNNBloomberg - 🏆 83. / 50 ادامه مطلب »

U.S. stocks decline as rising yields sap risk appetite - BNN BloombergStocks fell, pressured by rising Treasury yields and signs that company earnings were set to disappoint. A gauge of the dollar climbed to the highest this month.
منبع: BNNBloomberg - 🏆 83. / 50 ادامه مطلب »

Scotiabank analyst cuts price targets for several transportation, aviation stocks - BNN BloombergAn analyst at Scotiabank has cut price targets for almost every transportation and aviation stock on his coverage list, citing concerns around how a potential recession could impact these sectors. Potential recession? 😂
منبع: BNNBloomberg - 🏆 83. / 50 ادامه مطلب »