Overheated stock market at risk of bubble in a disconnect from economy, experts say

TORONTO -- "We're all in this together" has been a common refrain since the arrival of the COVID-19 pandemic last March, but the yawning chasm between dismal economic data and soaring stock market valuations suggests some Canadians are doing much better than others.

North American stock markets have been on a tear since March, setting record highs almost daily even while COVID-19 has battered the economy and produced lacklustre employment data. The disconnect between so-called Main Street and Bay or Wall streets is not new, but has been accentuated during the most "asymmetrical recession" in Canadian history, said Tal.

He pointed to the low interest rate environment that supports market valuations, a large work-from-home culture right now and continuing growth in retail trading applications. While some stocks are overheated and could burst, Tal doesn't see that happening for the whole market. Yet Federal Reserve chairman Jerome Powell said last week that the U.S. central bank will remain dovish until employment fully recovers.

He said there's just too much positive news and widespread expectation that the global economy will be strong in the second half of the year as COVID-19 vaccinations progress. "Yes, valuations appear stretched at first glance, but they also need to be considered within the context of historically low interest rates and little inflation, ingredients that are likely to persist throughout 2021 and beyond, in our view," he wrote in a report.

Here we go with the 'experts ' again ....

Well maybe if Ford wasn't sitting on all the eggs and abusing us in the disability community💰💰💰💵💵🛒

CTV has a message from the sponsor?

I would pop a laugh cry emoji in here, but you hip cats said it wasn't cool any more. So instead I'll just say: No way. Top notch reporting.

Banned by Google / YouTube!!! Freedom or Slavery- (ovid va((ines 'will become mandatory'. 02-14-21

if you watched 60 Minutes and Bill Gates you better believe it.

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