Lorne Steinberg's Top Picks: January 27, 2022
BNN Bloomberg
Top picks from Lorne Steinberg, president, Lorne Steinberg Wealth Management
Lorne Steinberg, president, Lorne Steinberg Wealth Management
FOCUS: Global value stocks and high yield bonds
MARKET OUTLOOK:
As we enter 2022, the pandemic remains a fact of life, with its evolving strains presenting challenges. At times, it seems that the cycle of on-again/off-again lockdowns will be with us for years. However, science is catching up and there are presently over 100 COVID-19 vaccine candidates undergoing clinical trials. The following quote from Churchill may offer an apt description of the current situation:
“Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.”
Despite the impact of COVID, the world has adapted, and we expect another year of strong economic growth. The same should be true for corporate profits. Companies are benefitting from strong demand and consumers are in very good financial shape. Although supply chain issues remain a negative in the short-term, this should prove to be transitory as we are already seeing signs that the worst is over.
