Stan Wong's Top Picks: June 23, 2022

3h ago Stan Wong's Top Picks: June 23, 2022 BNN Bloomberg Stan Wong's Top Picks Stan Wong, portfolio manager at Scotia Wealth Management FOCUS: North American large caps and ETFs MARKET OUTLOOK: With U.S. inflation hitting a 40-year high of 8.6 per cent in the twelve months through May, equity market volatility continues to be significantly elevated. The S&P 500 Index, Nasdaq Composite Index and MSCI World Index have all slipped into a technical bear market. Year-to-date, the energy sector has been the only positive performing sector advancing by over 25 per cent in most major markets. To dampen inflation, the Federal Reserve last week raised its benchmark interest rate by 75 basis points – its most aggressive single rate hike in nearly 27 years. Unquestionably, the combination of high …
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