Pot stocks led Canada’s equity benchmark to its best first quarter since 2000, but strategists are questioning whether the rally has legs after gains slowed in March.
The gains in global equity markets come down to two main factors: a rebound from the “overly negative move” in the fourth quarter and an increasingly dovish tilt from many of the world’s biggest central banks, Doug Porter, chief economist at Bank of Montreal, said in a note to clients. “I don’t think valuations are that stretched, I don’t think macro’s that bad, I’m just saying I think we’ll probably have a couple quarters of recession next year and you’ll see 10, 15 per cent pullbacks,” Ghose, who retired on March 29, said in an interview at Bloomberg’s Toronto office.
As long as rich white guys continue to bogart the industry, no.
no
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