Stimulus may be needed to save U.S. profit cycle


Just as what constitutes an economic recession is debated, what qualifies being an earnings recession can also be unclear. The threat of these an event has been discussed at length previously year, but investors could be wise to pay just a little closer attention because the S&P 500 has delivered two consecutive quarters of negative growth. Dubravko Lakos-Bujas, a U.S. ...

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Lessons from the biggest ETF show on Earth


By the time you are the world’s biggest event in a fast-growing sub-segment from the financial industry, people give consideration. That was certainly the case with’s Inside ETFs conference, that I’ve just returned. There were a number of key takeaways. One is that while everyone loves to worry – it makes them look seasoned, frugal, and smart – frequently ...

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‘It’s hard to imagine an uglier morning:’ Markets woke up today to two things they hate the most


Equities tumbling. Silver and gold gaining. Oil plummeting. “It’s hard to imagine an uglier morning,” writes JPMorgan’s trading desk. There’s nothing hyperbolic about that statement. North American markets sank at the open following their global peers as investors broadly retreated from global stocks amid fears of financial instability. The U.S. benchmark S&P 500 stock index was 1.5 per cent lower and ...

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Equipment financer Element Financial Corp to split into two companies


TORONTO – Element Financial Corp. is splitting itself in 2, moving executives say can help it raise the worth of its core fleet-management business while meeting investor demands to have an expanded group of funds. When the separation is finished, Element shareholders will own stakes in 2 separate publicly traded companies – Element Fleet Management, with $19.5 billion in fleet ...

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Google Inc parent company Alphabet Inc overtakes Apple Inc in market value — but don’t expect it to last


Alphabet Inc might win the market cap battle against Apple Inc, and can it win the war? Maybe not. The median stock price forecast of 31 analysts who raised price targets after Alphabet reported strong results on Monday was US$924, suggesting the company formerly known as Google could be valued at US$628 billion in the next 12 months. Apple, tracked ...

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U.S. steel producers have more than just China on their side


Iron ore was already on a hot streak since bottoming in December 2015, but the Chinese government’s promise to provide the stimulus required to boost economic growth gave the metal much more steam. Prices are up 66 percent after Monday’s 19 percent surge, because the market anticipates higher steel consumption in China, and for that reason, iron ore demand. Michael ...

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Shaping up to be a risk-on day after traders warm to Mario Draghi’s stimulus plan


The European Central Bank’s stimulus bundle isn’t that bad after all. Europe’s stocks and bonds unwound the prior session’s losses as traders warmed to ECB President Mario Draghi’s policy measures. Credit markets, the main beneficiaries from the program, extended Thursday’s rally and also the euro weakened. Oil led commodities to some three-month high and supported emerging markets after China strengthened ...

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The bear necessities: Here’s a look at some ETFs that can help during a downturn


This week, following renewed oil price weakness, markets reached bear market status worldwide, with the MSCI All Country World Index breaching the 20 percent decline threshold from the high set last May. If you wonder what that means, this is actually the part of the cycle when your adviser hides under their desk, and you, upon reading your bank account ...

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