Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
BMO Capital Markets chief investment strategist Brian Belski is getting even more optimistic about Canadian stocks,
“According to our models, there has been both a fundamentally driven broadening out of performance and definitive shift toward more cyclical factors in the TSX so far this year. In fact, all eight of our factor profile categories and 40 of the 57 individual factors we follow are outperforming the S&P/TSX year-to-date. This is in stark contrast to 2023 when only 2 of the eight and 17 of the 57 individual factors outperformed the market. This is the sharpest breadth of factor outperformance since 2020. From our perspective, this fundamentally driven broadening out of performance will be a key tailwind for Canadian equities through the second half of the year. Additionally, the Canadian market has seen a clear cyclical shift…
