Francois Trahan, head of U. The benchmark now trades at about 3, Also, a decline in earnings expectations will pose a big threat to the market in the near term, Tranhan said. The market will stage a big comeback in the second half of the year as the benefit of lower interest rates filters through the economy, Tranhan predicted.
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Francois Trahan, head of U. Stocks are likely to pull back in the first half as earnings expectations are at risk of falling, and then recover during the later half in anticipation of a pickup in growth, he says. Professional prognosticators have been forced to boost their predictions for the new year as an equity rally late last year made them look like skeptics. That represents a 2. At least two strategists have turned more upbeat. Tobias Levkovich at Citigroup last month increased his view by 75 points to 3, while Lori Calvasina at RBC Capital Markets this week boosted her target to 3, from 3, The index could rise to as high as 3, in the first half because of central bank support, he said in a Monday note.
A senior official at the Bank of Canada says the central bank will be paying close attention to what the post-pandemic economy can supply and what consumers demand. The chief executive officer of Saputo Inc. His comments come as tensions between the U. Are you looking for a stock? Try one of these. News Video. News Video Berman's Call. Related Video Up Next. Now Showing. The information you requested is not available at this time, please check back again soon.
Here's almost everything Wall Street expects in Better value in stocks outside the U. Expecting another double-digit return in U. Bank of Canada eyes supply, consumer demand for July outlook A senior official at the Bank of Canada says the central bank will be paying close attention to what the post-pandemic economy can supply and what consumers demand.
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