Kim Bolton's Top Picks: May 18, 2022

Top picks from Kim Bolton, president and portfolio manager of Black Swan Dexteritas

FOCUS: Technology stocks

MARKET OUTLOOK:

Five months into 2022, market participants agree the world’s stock markets are in a bear market, with the broad market indices down either side of 20 per cent (i.e. the S&P 500 has fallen 15 per cent, while the Nasdaq 100 has slumped 25 per cent) and the index technical patterns illustrate lower highs and lower lows. Bear markets can have unexpected rallies, like the 16 per cent Nasdaq rally in the second half of March. From a portfolio management perspective, bear markets require vigilant active management to both defend a long stock portfolio and profit from the elevated market volatility.