Mike Archibald's Top Picks: July 6, 2022
BNN Bloomberg
Top picks from Mike Archibald, vice president and portfolio manager, AGF Investments
FOCUS: Canadian equities
MARKET OUTLOOK:
It has been a very challenging first half for almost all asset classes – both stocks and bonds registered two consecutive quarters of negative returns, which has only happened four other times since 1976 (years 1980, 1981, 1994, 2008). Expected volatility should remain high as investors grapple with ongoing interest rate tightening globally and a further withdrawal of liquidity from the market. Day-to-day market volatility, both up and down, should be expected by investors.