www.bnnbloomberg.ca
Open in
urlscan Pro
23.205.252.52
Public Scan
Submitted URL: http://bit.ly/3DXliZD
Effective URL: https://www.bnnbloomberg.ca/goldman-and-blackrock-sour-on-stocks-as-recession-risk-rises-1.1824298?taid=6332da048017d2000126...
Submission: On September 28 via manual from US — Scanned from DE
Effective URL: https://www.bnnbloomberg.ca/goldman-and-blackrock-sour-on-stocks-as-recession-risk-rises-1.1824298?taid=6332da048017d2000126...
Submission: On September 28 via manual from US — Scanned from DE
Form analysis 3 forms found in the DOM
GET /search/bnn-search-7.337157
<form class="search-form ng-pristine ng-valid" action="/search/bnn-search-7.337157" method="get">
<input bm-autofill="" class="search-field ng-isolate-scope" type="text" name="q" value="Enter symbol or company" container="search-autocomplete-container" callback-fn="searchReuters(term)" detect-width="false" autocomplete="off">
<input class="search-submit submit" type="submit" value="Search">
<div class="search-autocomplete-container">
<div class="message">
<p>Are you looking for a stock?</p>
<p>Try one of these</p>
</div>
<!-- ngRepeat: result in autoFillResults -->
<div class="more"><a href="">More Results</a></div>
</div>
</form><form class="switch ng-pristine ng-valid">
<input type="radio" name="playback" value="true" checked="checked">ON <input type="radio" name="playback" value="false">OFF
</form>GET /search/bnn-search-7.337157
<form class="search-form ng-pristine ng-valid" action="/search/bnn-search-7.337157" method="get">
<input bm-autofill="" class="search-field ng-isolate-scope" type="text" name="q" value="Enter symbol or company" container="search-autocomplete-container" callback-fn="searchReuters(term)" detect-width="false" autocomplete="off">
<input class="search-submit submit" type="submit" value="Search">
<div class="search-autocomplete-container">
<div class="message">
<p>Are you looking for a stock?</p>
<p>Try one of these</p>
</div>
<!-- ngRepeat: result in autoFillResults -->
<div class="more"><a href="">More Results</a></div>
</div>
</form>Text Content
Are you looking for a stock?
Try one of these
More Results
BNN
*
*
BNN
* News
* Investing
* News
* Video
* ETFs
* REITs
*
US 30-Year Mortgage Rate Breaches 6.5%, Highest Since 2008
*
ECB’s Holzmann Says 100 Basis-Point Hike ‘Currently Too Much’
*
JPMorgan Says Stocks in Free Fall Mean Recession Is a Lock
*
Drug Slows Progression of Alzheimer’s in Big Trial
*
Mortgages Have Further to Rise
*
UK Bonds Surge as BOE Says It Will Purchase Gilts, Delay Sales
*
Wall Street Hires WhatsApp Cops as US Blasts Bosses Who Texted
*
US Goods-Trade Gap Narrows to Smallest Since October 2021
*
Oil Pares Slump With Dollar Volatile and Supply in Focus
*
Ferrari Is as ‘Recession Proof as It Gets,’ Morgan Stanley Says
*
Akbank Offers Highest-Ever Loan Pricing After Turkey Rating Cuts
*
The UK Pension Problem That Threatened to Wreck the Gilt Market
*
Ukraine Latest: Allies Weigh Response to Pipeline Disruption
*
Nord Stream Gas Leaks Could Be ‘Unprecedented’ Climate Disaster
*
Germany, France in Climate Deal Loan Talks With South Africa
*
BHP Sees Chile Uncertainties Easing in Investment Climate Boost
*
Ian Becomes Dangerous Category 4 Hurricane Nearing Florida
*
Investors Bet Gas Crunch Will Tip Europe Away from Fossil Fuels
*
Europe Says Nord Stream Damage Was Deliberate: Energy Update
*
BOE Actions Prompted by Concern That Cash Calls Today Would Trigger
Gilt Crash
* Personal Finance
* News
* Video
*
Fiona aftermath: Many Canadians could be left without insurance
coverage
*
Lagging loonie highlights importance of portfolio currency strategy
*
Home Economics: More workers living paycheque-to-paycheque; Most
individuals altering grocery habits
*
Majority of Canadians are making changes to their grocery store habits
amid higher prices
*
Hiding out from market volatility in 'near cash' can be rewarding
*
Home Economics: Canadians might get some grocery bill relief; RBC sees
home prices falling 14%
*
Credit card surcharges: What you need to know about potential changes
*
Most Canadians prefer working from home, survey finds
*
Canadians are falling deeper into debt: Statistics Canada
*
Home Economics: GICs get supercharged; Weighing the tax implications of
TFSAs and RRSPs
*
GIC payouts get supercharged as BoC hikes rates again
*
Limited money to invest? How to choose between a TFSA and RRSP
*
OSFI rejects pleas to loosen mortgage rules
*
Employer debt repayment benefits look to retain employees, alleviate
financial stress
*
Home Economics: Gas prices fall ahead of long weekend; return-to-office
showdown
*
Inflation driving homeowners to job hunt and tap debt: Survey
*
Inflation putting RRSP and TFSA contributions on chopping block
*
Home Economics: Inflation hits RRSP and TFSA contributions; Do GICs
belong in your portfolio?
*
Beware the high-wire act of wire transfers, which carry unexpected
risks
*
Four-in-five Canadians cut spending amid higher costs: Poll
* Real Estate
* News
* Video
* REITs
*
US 30-Year Mortgage Rate Breaches 6.5%, Highest Since 2008
*
Mortgages Have Further to Rise
*
Ian Becomes Dangerous Category 4 Hurricane Nearing Florida
*
Real estate: Re/Max report expects home prices to decrease this fall
*
Turkish State Banks Set to Exit Russia’s Mir on US Warning
*
IMF Says UK’s ‘Untargeted’ Fiscal Measures Will Likely Boost Inequality
*
Swedes Cut Back on TV Buys as Retail Sales Slump Most Since 1993
*
Exclusive Bollinger Champagne Estate to Open to the Public With Luxury
Hotel
*
Hurricane Ian Is Set to Be One of Costliest Storms in US History
*
Hong Kong Veteran Cheah Joins Rush to Tap Singapore Wealth
*
Deflation Risks Loom in China Amid Property Crisis, Survey Shows
*
Phil Falcone Uses Apollo Court Claim to Secure Loan From Michael Dell
*
Airbnb Co-Founder Bets on Remote Work Amid Back-to-Office Push
*
More New Yorkers Working From Home Again After Labor Day Office Push
*
Hurricane Ian Poses Threat Florida Has Feared: Direct Hit on Tampa Bay
*
Home-Price Deceleration Is Fastest on Record as US Market Cools
*
House Sales Collapse as Lenders Withdraw Mortgage Offers
*
British Lenders Pull Mortgage Deals With UK Markets in Turmoil
*
US Sales of New Homes Unexpectedly Rise in a Break From Downturn
*
US Consumer Confidence Rises a Second Month to Most Since April
* Company News
* News
* Video
*
US 30-Year Mortgage Rate Breaches 6.5%, Highest Since 2008
*
JPMorgan Says Stocks in Free Fall Mean Recession Is a Lock
*
Drug Slows Progression of Alzheimer’s in Big Trial
*
Mortgages Have Further to Rise
*
Wall Street Hires WhatsApp Cops as US Blasts Bosses Who Texted
*
US Goods-Trade Gap Narrows to Smallest Since October 2021
*
Crypto Crash Was Good for Industry, Weeded Out ‘Tourists’
*
More Companies Than Ever Are Sharing How Much Jobs Pay
*
Last Chance for Antitrust Bill to Curb Big Tech Now Hangs on Lame Duck
Vote
*
Oil Pares Slump With Dollar Volatile and Supply in Focus
*
Ferrari Is as ‘Recession Proof as It Gets,’ Morgan Stanley Says
*
Akbank Offers Highest-Ever Loan Pricing After Turkey Rating Cuts
*
The UK Pension Problem That Threatened to Wreck the Gilt Market
*
Ukraine Latest: Allies Weigh Response to Pipeline Disruption
*
Nord Stream Gas Leaks Could Be ‘Unprecedented’ Climate Disaster
*
Germany, France in Climate Deal Loan Talks With South Africa
*
BHP Sees Chile Uncertainties Easing in Investment Climate Boost
*
Royal Mail Slumps as Union Targets Christmas Retail Deliveries
*
Ian Becomes Dangerous Category 4 Hurricane Nearing Florida
*
Investors Bet Gas Crunch Will Tip Europe Away from Fossil Fuels
* Commodities
* News
* Show
* Guests
* CANNABIS
* Oil
* Gold
* Silver
*
JPMorgan Says Stocks in Free Fall Mean Recession Is a Lock
*
Wall Street Hires WhatsApp Cops as US Blasts Bosses Who Texted
*
Oil climbs with dollar volatility and focus on OPEC+ supply move
*
Oil Pares Slump With Dollar Volatile and Supply in Focus
*
Ukraine Latest: Allies Weigh Response to Pipeline Disruption
*
Nord Stream Gas Leaks Could Be ‘Unprecedented’ Climate Disaster
*
Germany, France in Climate Deal Loan Talks With South Africa
*
BHP Sees Chile Uncertainties Easing in Investment Climate Boost
*
Ian Becomes Dangerous Category 4 Hurricane Nearing Florida
*
Investors Bet Gas Crunch Will Tip Europe Away from Fossil Fuels
*
Europe Says Nord Stream Damage Was Deliberate: Energy Update
*
A Surprise Presidential Candidate Leads the Race to Lead Nigeria, Poll
Shows
*
Iraq Sees Oil Exports Stable Next Year Even as Buyers Want More
*
South African Police Arrest Ex-Mines Minister Over Dairy Scandal
*
Tesla’s AI Day Offers a Glimpse of Just How Sentient Its Bots Have
Become
*
Anglo Coal Spinoff Looks Cheap Against Peers After 1,300% Surge
*
Pound Crash Won’t Lead to Football Fire Sale, Says Chelsea FC Banker
*
Moody’s Has a $1.9 Trillion Warning Over Biodiversity
*
Power Exports to EU at Risk on Energy Plan, Slovak Premier Says
*
CATL Plans $1.9 Billion Battery Project in China’s Luoyang City
* Economics
* News
* Video
*
The Daily Chase: Whiplash in the markets; Enbridge sells stake in
Alberta pipelines
*
Labour shortage, pandemic savings to soften blow of short-lived
recession: report
*
Bank of England steps back into bond market to restore stability
*
Canadian employers projecting 4.2% salary increase in 2023: Survey
*
The Daily Chase: Reversal in FX market; BMO points feds to U.K. turmoil
*
Putting 99.9% odds on recession is 'a bit extreme': Ed Devlin
*
The Daily Chase: Recession fears weigh on investors; Scotiabank's CEO
to retire
*
To rent or buy? What's in store for the clothing rental industry in
Canada
*
The Daily Chase: Markets digest Fed hike; Canadian bank tax back in the
spotlight
*
U.S. Fed trying to catch 'a falling knife' with inflation: TD chief
economist
*
Statistics Canada says retail sales fell 2.5% to $61.3 billion in July
*
The Daily Chase: Market sentiment sinks; Link calls off Dye & Durham
deal
*
Former BoC governor Stephen Poloz warns against entrenching inflation
in expectations
*
Trudeau spars with new Tory leader on taxes and cryptocurrencies
*
Bank surtaxes to generate $5.27B, far less than feds expect: Budget
watchdog
*
Central banks worldwide tighten policies to cool inflation
*
Powell signals more pain to come with sending rates higher
*
BMO fixed income head sees '99.9%' odds of U.S. Fed-induced recession
*
Banks may leave Mark Carney's climate group on legal risks
*
The Daily Chase: Awaiting U.S. Fed rate decision; Pot sector blues
* Politics
* News
* Video
*
Trump-Voting Parts of US Had Faster Economic Rebound, Study Says
*
Last Chance for Antitrust Bill to Curb Big Tech Now Hangs on Lame Duck
Vote
*
Ukraine Latest: Allies Weigh Response to Pipeline Disruption
*
Germany, France in Climate Deal Loan Talks With South Africa
*
BHP Sees Chile Uncertainties Easing in Investment Climate Boost
*
A Surprise Presidential Candidate Leads the Race to Lead Nigeria, Poll
Shows
*
North Korea Fires Missile Ahead of Kamala Harris Trip to DMZ
*
Power Exports to EU at Risk on Energy Plan, Slovak Premier Says
*
Germany Adds €22.5 Billion to Debt Sales to Fund Energy Aid
*
Finland’s Border Guard Calls for Fence to Secure Russia Boundary
*
Russians Fleeing Putin’s Draft Stir Fears in Worried Neighbors
*
EU Considers Ban on Shipping Russian Oil as Part of Price Cap
*
Taliban Sign Deal With Russia to Buy Cheap Oil, Gas and Wheat
*
Harris Says US Intends to Deepen Taiwan Ties, Defying China
*
Kenya’s President Nominates Ex-Central Bank Governor as New Head of
Treasury
*
Europe’s Hunt for Clean Energy in the Middle East Has a Dirty Secret
*
Market Mayhem Boosts Fortunes of UK’s Would-Be Prime Minister
*
Build-the-Wall Hardliners Get Big Win on Island of Haves and Have-Nots
*
For Angola’s Super Rich, It’s No Longer Cool to Drive a Ferrari
*
Democrats Unveil Bill to Restrict Trading by Lawmakers, Presidents
* Technology
* News
* Video
*
Wall Street Hires WhatsApp Cops as US Blasts Bosses Who Texted
*
Crypto Crash Was Good for Industry, Weeded Out ‘Tourists’
*
Last Chance for Antitrust Bill to Curb Big Tech Now Hangs on Lame Duck
Vote
*
Nord Stream Gas Leaks Could Be ‘Unprecedented’ Climate Disaster
*
Royal Mail Slumps as Union Targets Christmas Retail Deliveries
*
Investors Bet Gas Crunch Will Tip Europe Away from Fossil Fuels
*
Europe Says Nord Stream Damage Was Deliberate: Energy Update
*
Darktrace CEO Says ‘Unfounded Criticism’ Is ‘Deeply Frustrating’
*
Snap Says Augmented Reality Key to Luring Luxury Buyers Online
*
Amazon’s Robotaxi Arm Zoox Coming ‘Sooner Than People Expect’
*
BT Tops List of Cheap UK Stocks Attracting Takeover Speculation
*
Farfetch CEO Sees Luxury Recession Resilience and China Return
*
Tesla’s AI Day Offers a Glimpse of Just How Sentient Its Bots Have
Become
*
Pantera Seeking $1.25 Billion for Second Blockchain Fund
*
General Mills Backs GrubMarket at More Than $2 Billion Valuation
*
ARM Founder Sees ‘No Chance in Hell’ UK Getting Tech Sovereignty
*
PE Firm MBK Partners Considers Joining JIC’s Toshiba Bid, Sources Say
*
Mike Novogratz Says Crypto More Resilient After Forced Seller Exodus
*
NFT Trading Volumes Collapse 97% From January Peak
*
JPMorgan’s UK Digital Lender Has More Than 1 Million Customers
* Bloomberg News Wire
* News
* Video
* Opinion
* News
*
Alphabet investors shouldn't ignore the warning signs: Martin Peers
*
The U.S. Fed is failing in four ways: Mohamed A. El-Erian
*
Apple, JPMorgan turn to pay now grow later
*
Remote Working Boom Is Huge for College Towns Like Knoxville
*
Walmart flashes a warning sign to the entire consumer economy: Andrea
Felsted
*
Millennials are finally spending like grown-ups
*
Dismal U.S. GDP report raises the odds of recession this year: Gary
Shilling
*
Musk is wrong for Twitter even if deal math works out
*
Chocolate bunnies can teach us to save our food supply
*
The Fed has made a U.S. recession inevitable
*
America's oil reserve weapon risks misfiring
*
Four-day workweeks can burn you out
*
U.S. Fed expects a soft landing. Don't count on it
*
Markets are pushing Fed into developing-economy territory
*
Commodity traders go from bonanza to bailout plea
*
Putin's war shows West must clean up dirty money
*
Salary transparency is good for everyone
*
Microsoft's US$69B Activision deal could be a blunder
*
What if the oil market bulls are wrong and this lonely bear is right?
*
Canada's trucker protest may spread from Ottawa to U.S.
* ETFs
* News
* Video
* Berman's Call
*
Pacer Looks to Capitalize on Cash ETF With New Large-Caps Filing
*
Cathie Wood Launches Venture Fund Targeting Harder-to-Trade Assets
*
Work-From-Home ETFs Are Fading Away as Employees Head Back to Office
*
BlackRock Takes Aim at Growing CLO ETF Assets Amid Bond Upheaval
*
The Inside Story on Crypto ETFs
*
Fed Finally Vanquishes Stocks From Asset Allocation Throne
*
Spooked Traders Just Piled Into Stock Protection at Record Rate
*
Issuer Literally Crosses Out ETFs in Filing as Foreign-Share Plans
Stall
*
A $31 Billion Credit ETF Hits Lowest Since 2010 as Outflows Grow
*
HSBC Asset Management to Phase Out Thermal Coal in Active Funds
*
Asian Insurance Giant Bets on China ESG Assets as Tech Flounders
*
Wall Street Traders Gorge on Short-Term Stock Options as Fed Day Looms
*
Roundhill Pulls Plan for ETFs Tracking Riskier Foreign Stocks
*
Record 38% Plunge in Bond ETF Leaves Bearish Traders Exhausted
*
Quants Are Back Making Money on Factor Trades Like Good Old Days
*
Hedge Funds Brave Stock Chaos to Lift Bets by Most in Five Years
*
Gold Miners Look Beyond Fed Hikes to Predict $1,800 Comeback
*
Cathie Wood’s Fund Snaps Up General Motors Shares for First Time Since
May
*
Nvidia Is on Sale and Cathie Wood Is a Big Buyer
*
Robo Adviser Touting Green-Only 401ks Is Latest ESG ETF Entrant
* Executive
* Video
*
'We’re serving Canadians better' following the pandemic: McKesson
Canada CEO Rebecca McKillican
*
World's richest family loses US$11.4B in Walmart rout
*
'Fine balance': Rania Llewellyn on fitting her long-term inclusion
goals into Laurentian's revamp
*
First female bank CEO in Canada leads with younger self in mind
*
Company holiday parties are making a comeback, but many employers have
a plan B
*
Elon Musk and Jeff Bezos now worth almost half a trillion dollars
*
Jane Fraser has a plan to remake Citigroup while tormenting rivals
*
‘Forever changed’: CEOs are dooming business travel — maybe for good
*
National Bank names Laurent Ferreira CEO, succeeding Vachon
*
The remote-work czar is the new shortcut to the C-Suite
*
Olympics boss aims to put 'most-followed' Tokyo games on track
*
Wellness resorts eye long COVID treatments as new moneymaker
*
Ghosn accomplice says he 'deeply regrets' helping him escape
*
Gates divorce speeds divergence of separate investing goals
*
Buffett exits as Gates Foundation trustee, sidestepping rift
*
Gates’s divorce casts harsh glare on US$170 billion money manager
*
Machin joins Serendipity Capital board after quitting CPPIB
*
Billionaires back startup that wants to let anyone be a landlord
*
BlackBerry blasted on executive pay as Reddit rally enriches CEO John
Chen
*
Elon Musk says he's putting last remaining house on the market
* More...
* Pursuits
* International
* Market Call
* Schedule
* Listen
* Live
* Video
* Shows
* Market Call
* Markets
* More
* Live
* Video
* Shows
* Market Call
* Markets
*
* REAL ESTATE
* RADIO
* COMPANY NEWS
* CRYPTO
* COMMODITIES
* CANNABIS
* OIL
* GOLD
* TOP PICKS
* NEWSLETTERS
INVESTING
* News
* Video
* ETFs
* REITs
* * Article
* News
* Video
* ETFs
* REITs
* More
* News
* Video
* ETFs
* REITs
Latest Videos
The Close Small Business Segment: Bowling Alley owner faces rising costs, COVID
after effects
Tony Bonora, owner of Streetsville Bowl, joins BNN Bloomberg to talk about how
his bowling alley is staying afloat amid rising costs and inflation. Bonora says
his business is receiving plenty of community support after several other small
businesses in the area closed down during the pandemic.
Volume 90%
Press shift question mark to access a list of keyboard shortcuts
Keyboard ShortcutsEnabledDisabled
Play/PauseSPACE
Increase Volume↑
Decrease Volume↓
Seek Forward→
Seek Backward←
Captions On/Offc
Fullscreen/Exit Fullscreenf
Mute/Unmutem
Seek %0-9
Settings
Offen
Font Color
White
Font Opacity
100%
Font Size
100%
Font Family
Arial
Character Edge
None
Background Color
Black
Background Opacity
50%
Window Color
Black
Window Opacity
0%
Reset
WhiteBlackRedGreenBlueYellowMagentaCyan
100%75%25%
200%175%150%125%100%75%50%
ArialCourierGeorgiaImpactLucida ConsoleTahomaTimes New RomanTrebuchet MSVerdana
NoneRaisedDepressedUniformDrop Shadow
WhiteBlackRedGreenBlueYellowMagentaCyan
100%75%50%25%0%
WhiteBlackRedGreenBlueYellowMagentaCyan
100%75%50%25%0%
Linkhttps://www.bnnbloomberg.ca/goldman-and-blackrock-sour-on-stocks-as-recession-risk-rises-1.1824298?taid=6332da048017d2000126e166&utm_campaign=trueAnthem+Manual&utm_medium=trueAnthem&utm_source=twitter&jwsource=cl
Copied
Embed<iframe
src="https://webapps.9c9media.com/vidi-player/1.9.24/share/iframe.html?currentId=2530475&config=bnn/share.json&kruxId=&rsid=bellmediabnnbprod,bellmediaglobalprod&siteName=bnnb&cid=%5B%7B%22contentId%22%3A2530475%2C%22ad%22%3A%7B%22adsite%22%3A%22ctv.bnn%22%2C%22adzone%22%3A%22ctv.bnn%22%7D%7D%5D"
width="560" height="315"frameborder="0" allowfullscreen></iframe>
Copied
Auto540p (1952 kbps)540p (1952 kbps)540p (1632 kbps)360p (1376 kbps)360p (992
kbps)360p (736 kbps)360p (576 kbps)240p (396 kbps)
Live
00:00
00:00
06:05
info
SMALL BUSINESS SEGMENT: BOWLING ALLEY OWNER FACES RISING COSTS, COVID AFTER
EFFECTS
Add to Playlist
RELATED VIDEO
* Now Showing
Small Business Segment: Bowling Alley owner faces rising costs, COVID after
effects
* Up Next
Coinsquare buying Coinsmart
* We need to see a bottom in PMIs and housing before markets bottom: George
Ripoll
* BNN Bloomberg's closing bell update: September 27, 2022
* Focus on dividend payers, growers: Middlefield Capital's Rob Lauzon
* Risk reward is starting to become more compelling for long term investors
* Bruce Campbell's Top Picks
* Bruce Campbell's Past Picks
* Bruce Campbell's Market Outlook
* We can build a 5,000-tonne lithium extraction plant in 10 months: John Burba
* Community pharmacies stepped up to fill the gaps in health care during COVID:
McKesson Canada CEO
* If you want to be in the EV space, Tesla has to be your main play: Hatem
Dhiab
* There will be tremendous buying opportunity in some tech areas for long-term
investors: Strategist
* More downside for markets ahead, but investing is an act of optimism: Liz Ann
Sonders
* BNN Bloomberg's mid-morning market update: September 27, 2022
* U.S. dollar strength to stay, but loonie remains stable; diversify with TSX
and U.S. names
* Companies can build more resilient supply chain operations using AI: EY
Canada
* More market uncertainty and volatility are coming: Chief market strategist
* The U.S. dollar continues to steamroll over everything: Chief market
strategist
* Storm surge insurance coverage does not exist: Insurance Bureau of Canada
* 'Selling exhaustion' may call for a better Q4 for markets: Brian Belski
* BNN Bloomberg's closing bell update: September 26, 2022
* The lows we saw this morning for the pound may not be the bottom: Currency
analyst Simon Harvey
* As a 'suffering' Scotia shareholder, it's nice to see a bold change: Lorne
Steinberg on CEO change
* Long-term investors should look past near-term volatility: Mackenzie
Investments’ Mattina
* Feds lifting COVID-19 border measures
* We need to think hard about how and where we rebuild things after Hurricane
Fiona: Glenn McGillivray
* It’s tough to buy into the U.S. market, given where the dollar is: Purpose
Investments’ Basinger
* David Burrows' Top Picks
* David Burrows' Past Picks
* David Burrows' Market Outlook
* The U.K. has to be hawkish with rates: Strategist
* The tech behind celebrity marketplaces
* Scott Thomson has experience with Latin American markets, this is good for
Scotia: John Aiken
* These three factors will determine if we retest the June lows once again:
Jimmy Lee
* We are much closer to the bottom than we are to the top: Global strategist
* Concerns over Fed policy mistakes are growing; protect portfolio by adding
these names: Strategist
* BNN Bloomberg's mid-morning market update: September 26, 2022
* Brian Porter retiring as Scotiabank’s CEO; Finning CEO named successor
* I'm surprised Scotiabank went outside its own ranks: Portfolio manager
* Sigma Lithium is three months away from commissioning one of the largest
lithium mines
* U.K. must dial back on fiscal policies to support currency, a rate hike won't
do it: Analyst
* Portfolio manager on top four tips to navigate market volatility
* Investors aren't at the stage of panic selling: Portfolio manager
* Taking Stock - Inflation in food is hurting diners
* Taking Stock - Data shows home ownership falling
* Taking Stock - Top Business stories of the week
* Markets are closer to a washout, more pain to come: Bryden Teich
* BNN Bloomberg's closing bell update: September 23, 2022
* Oil market planning for a hard landing: BMO's Randy Ollenberger
* Worst case scenario is starting to materialize: UBS Canada's Pierre Ouimet
* AIMCo sets up shop in Calgary
* Major Averages all down by more than 2%
* Markets are retesting June lows, they should be even lower: Strategist
* Zach Curry's Top Picks
* Zach Curry's Past Picks
* Zach Curry's Market Outlook
* Getting through third quarter earnings without a disaster will help equity
markets stabilize: Art Hogan
* Dye & Durham walks away from Link deal
* Look for low beta sectors such as staples and healthcare: Strategist
* BNN Bloomberg's mid-morning market update: September 23, 2022
Continuous Play:
ON OFF
The information you requested is not available at this time, please check back
again soon.
More Video
* INVESTING
Sep 27, 2022
GOLDMAN AND BLACKROCK SOUR ON STOCKS AS RECESSION RISK RISES
Abhishek Vishnoi, Bloomberg News
* AddThis Sharing Buttons
Share to FacebookFacebookShare to TwitterTwitterShare to
LinkedInLinkedInShare to EmailEmailShare to MoreAddThis
Bloomberg Asia U.S. Dollar Looks Like the Asset to Hold Right Now, State Street
Says
Daniel Gerard, senior multi asset strategist at State Street Global Markets,
discusses the outlook for global economies, central banks' policies, financial
markets and the opportunities he sees. He speaks with Shery Ahn and Haidi
Stroud-Watts on "Bloomberg Daybreak: Asia."
Volume 0%
Press shift question mark to access a list of keyboard shortcuts
Keyboard ShortcutsEnabledDisabled
Play/PauseSPACE
Increase Volume↑
Decrease Volume↓
Seek Forward→
Seek Backward←
Captions On/Offc
Fullscreen/Exit Fullscreenf
Mute/Unmutem
Seek %0-9
Linkhttps://www.bnnbloomberg.ca/goldman-and-blackrock-sour-on-stocks-as-recession-risk-rises-1.1824298?taid=6332da048017d2000126e166&utm_campaign=trueAnthem+Manual&utm_medium=trueAnthem&utm_source=twitter&jwsource=cl
Copied
Embed<iframe
src="https://webapps.9c9media.com/vidi-player/1.9.24/share/iframe.html?currentId=2529602&config=bnn/share.json&kruxId=&rsid=bellmediabnnbprod,bellmediaglobalprod&siteName=bnnb&cid=%5B%7B%22contentId%22%3A2529602%2C%22ad%22%3A%7B%22adsite%22%3A%22ctv.bnn%22%2C%22adzone%22%3A%22ctv.bnn%22%7D%7D%5D"
width="560" height="315"frameborder="0" allowfullscreen></iframe>
Copied
The ad will end in 10 seconds
Live
00:00
00:10
00:10
Playlist
Next
info
U.S. DOLLAR LOOKS LIKE THE ASSET TO HOLD RIGHT NOW, STATE STREET SAYS
VIDEO SIGN OUT
* Now Showing
7:49
U.S. Dollar Looks Like the Asset to Hold Right Now, State Street ...
* Up Next
7:13
These three factors will determine if we retest the June lows onc...
* 8:44
Morgan Stanley: Longest Bear Market in Emerging Market Stocks Lik...
Goldman Sachs Group Inc. and BlackRock Inc. are turning more bearish on equities
for the short term, warning that markets are yet to price in the risk of a
global recession.
Flagging rising real yields as a major headwind, Goldman strategists cut
equities to underweight in the US investment bank’s global allocation over the
next three months while staying overweight cash. BlackRock is advising investors
to “shun most stocks,” adding that it is tactically underweight developed-market
shares and prefers credit in the short term.
“Current levels of equity valuations may not fully reflect related risks and
might have to decline further to reach a market trough,” Goldman strategists
including Christian Mueller-Glissmann wrote in a note Monday. Goldman’s
market-implied recession probability has risen to above 40 per cent following
the recent bond sell-off, “which historically has indicated elevated equity
drawdown risk,” they wrote.
Similar concerns are being echoed by Morgan Stanley and JPMorgan Asset
Management after central bankers from the US to Europe touted their resolve to
fight inflation, sending global stocks into a free fall over the past few days.
Little respite seems to be in sight even as the MSCI World Index’s members have
lost more than US$8 trillion in value since a mid-September peak amid a surge in
US yields and the dollar.
“We don’t see a ‘soft landing’” where inflation returns to target quickly
without crushing activity, BlackRock Investment Institute strategists including
Jean Boivin and Wei Li wrote in a note Monday. “That means more volatility and
pressure on risk assets.”
TINA TO TARA
As stock market volatility continues to rise, JPMorgan Asset is also sticking to
its underweight on equities heading into the fourth quarter. The firm ‘strongly’
favors investment-grade credit over high yield, Sylvia Sheng, global multi-asset
strategist, wrote Tuesday, anticipating sluggish growth in the US and recession
in Europe over the next 12 months.
A global recession probability model by Ned Davis Research recently rose above
98 per cent, triggering a “severe” recession signal. The only other times it has
been that high was during previous acute downturns, such as in 2020 and
2008-2009, according to the firm.
The days of the TINA -- There Is No Alternative -- mantra for stocks are over,
the Goldman strategists wrote. While falling yields had burnished the appeal of
equities since the global financial crisis, “investors are now facing TARA
(There Are Reasonable Alternatives) with bonds appearing more attractive,” they
wrote.
TURNING DEFENSIVE
“How much yields have moved up, especially real yields at this point, that was
very tough to see, this is what’s making us so uncomfortable,” Mueller-Glissmann
said on Tuesday in an interview with Bloomberg TV.
“Because 150 bps we haven’t seen for a very long time, that changes the
narrative from TINA to TARA,” he said. “You can go to credit to get your nominal
yield with relatively little risk, you can go to the TIPS market to get your
real yield with relatively little risk, so your incentive to own equities is
lower.”
Goldman’s bearish take comes after its US strategists slashed their year-end
target for the S&P 500 Index to 3,600 from 4,300 last week. Similarly, Europe
strategists including Sharon Bell have reduced targets for regional equity
gauges, downgrading their 2023 earnings-per-share growth forecast for the Stoxx
Europe 600 Index to -10 per cent from zero.
Both the S&P 500 and Stoxx Europe 600 ended Monday’s session at their lowest
levels since December 2020.
“This bear market has not yet reached a trough,” Bell and her colleagues wrote
about European stocks in a separate note Monday.
TOP PICKS
* 4:41
Bruce Campbell's Top Picks: September 27, 2022
* 5:45
David Burrows' Top Picks: September 26, 2022
* 5:12
Zach Curry's Top Picks: September 23, 2022
TOP STORIES
* * COMPANY NEWS
1:27
ENBRIDGE SELLING ALBERTA PIPELINE STAKES TO INDIGENOUS GROUPS FOR $1.12B
Enbridge Inc. announced the sale of a minority stake in seven of its Alberta
pipelines to almost two dozen Indigenous communities in what's being
described as the largest transaction of its nature to date in North America.
* * COMPANY NEWS
1:52
CINEPLEX ASKS CINEWORLD LENDERS TO CONSIDER U.S. MERGER, WSJ SAYS
Canadian theater chain Cineplex Inc. has weighed a merger with Cineworld
Group Plc’s U.S. arm, and has discussed a potential deal with the UK
company’s lenders, the Wall Street Journal reported.
* * REAL ESTATE
4:03
REAL ESTATE: RE/MAX REPORT EXPECTS HOME PRICES TO DECREASE THIS FALL
A report by Re/Max Canada forecasts the national average home sale price in
Canada will fall 2.2 per cent in the final months of the year.
* * INVESTING
3:40
U.S. DOLLAR RALLIES, TREASURY YIELDS TOUCH 2008 HIGH
The dollar soared to another record after the White House talked down the
prospect of weakening the currency, while the continuing global bond rout
pushed 10-year Treasury yields to the highest since 2008.
1. Subscribe to BNN Bloomberg Newsletters
2. BNN Bloomberg Personalities
3. Weekly Guest Schedule
4. Channel Guide
5. Contact Us
6. Privacy Policy
7. Accessibility
8. Political Ad Registry
9. Terms & Conditions
10. FAQ
© 2022 All Rights Reserved
CTV News Sites
* Are you looking for a stock?
Try one of these
More Results
* Live
* Video
* Shows
* Market Call
* Markets
* Investing
* Personal Finance
* Real Estate
* Company News
* Commodities
* Economics
* Politics
* Technology
* Bloomberg News Wire
* Opinion
* ETFs
* Executive
* Pursuits
* International
* Market Call
* Schedule
* Listen
* Live
* Video
* Shows
* Market Call
* Markets
SCOREBOARD
*
*