There’s more reward than risk in the markets now, Canaccord Genuity says

Feb 12 23:02 2018 Print This Article

With markets around the world tumbling over the past ten days, these are tense times for investors. Are we in a mere correction phase after years of record gains or is there a major pullback in the works? For insight on where the market is heading, Javad Mirza, analyst for Canaccord Genuity, says that the current slip in the markets brings a more favourable reward/risk ratio into play.

The rebound witnessed in the markets last Friday continued on Monday, after one of the worst weeks in years, which saw the S&P drop 5.2 per cent and the TSX composite finish down 3.7 per cent last week. The wild swings are enough to make any investor seasick, but there’s a light at the end of the tunnel of this corrective phase, says Mirza, who predicts more market volatility before things start to settle down.

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Cantech Letter

Founded in 2008 by Nick Waddell, Cantech Letter is an online magazine focusing on Canadian technology. The site has grown into one of the most popular and respected financial sites in Canada, and was described by Canadian Business Magazine as “one of Canada’s premier technology newsletters”. Waddell, who is Senior Editor, is routinely called on by the mainstream media for perspective on Canadian technology, and has been featured on BNN, CTV News Channel, and the CBC program “The Lang and O’Leary Exchange” in addition to mainstream print media such as The Guardian, The International Business Times, The Globe and Mail, Macleans, The Waterloo Record , Canadian Business, Slate, and Business Insider. You can email Nick at nick@cantechletter.com Cantech Letter is focused on those companies listed on the TSX and TSXV Technology, Cleantech and Life Sciences Sectors. Each year we present the Cantech Letter Awards, which honor Canada’s Top Technology Stock and Top Technology Stock Executive.

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