Sentiment this week is being helped by comments from President Joe Biden that a U.S. recession isn’t “inevitable,” but the outlook remains perilous for investors weighing whether the market has bottomed. History suggests bear markets usually take time to find a floor, especially when they are accompanied by a recession, as happened in 2008’s financial crisis.Article content
European stocks extended a second day of gains, with automakers leading the advance in the benchmark Stoxx 600 Index. At 9:47 a.m. ET , the Toronto Stock Exchange’s S&P/TSX composite index was up 100.77 points, or 0.53 per cent, at 19,284.4.
Let the bear roar!
Who knew that a dead cat could bounce that high? LOL.
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