Barlow’s Research Roundup: Strategist identifies the rally killer, headwinds for telecoms
Investment strategist Michael Hartnett warns that rising bond yields could end the current market rally. Meanwhile, RBC Capital Markets analyst Drew McReynolds highlights challenges facing the Canadian telecom industry, predicting gradual revenue recovery. Additionally, RBA Advisor strategist Michael Contopoulos notes that while the U.S. economy appears strong, market narratives are overly focused on a few AI beneficiaries.
- ▪Michael Hartnett identifies rising bond yields as a potential threat to the market rally.
- ▪RBC Capital Markets predicts a gradual revenue recovery for the Canadian telecom industry due to various headwinds.
- ▪The U.S. economy shows strength despite geopolitical tensions and inflation concerns.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountDaily roundup of research and analysis from The Globe and Mail’s market strategist Scott BarlowBond yields will end the rallyBofA Securities investment strategist Michael Hartnett identified the culprit that will end the market rally in his weekly Flow Show report,“Zeitgeist: “Buy on the cannons, sell on the trumpets,” Baron Rothschild. The Price is Right: central banks & bonds to end speculative price action... but not happening yet... global rate cuts (31) still outpacing hikes (12), real policy rates in Japan & Korea negative (why Nikkei & Kospi soaring as yen & won collapse), and traders happy to front-run bubble until new Chair Warsh forced to enact tightening of financial conditions.
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