Fear\u002Dof\u002Dmissing\u002Dout mantra is alive and well
Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page.Pretty much every asset class is in positive territory, and analysts don’t expect the ‘everything rally’ to end anytime soon.
October saw the S&P 500 index surge 7 per cent and Nasdaq 8 per cent, with key stocks such as Tesla , Microsoft jumping higher. Brian Belski, chief investment strategist at BMO Capital Market, believes the the benchmark S&P500’s impressive rebound after a decline in September is not over. It’s early days, but third quarter earnings results are once again beating analyst expectations, with the year-on-year Q3 growth rate for the S&P 500 index now tracking at 35.3 per cent —vastly improved from the 27.1 per cent clip estimated at the end of September, Belski said.
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