goldman sachs: The Toronto Stock Exchange Broadcast Centre in 2013, according to The Toronto Star. Aaron Vincent Elkaim / THE CANADIAN PRESS file photo The activity comes as U.S. corporate earnings have started to roll in with Goldman Sachs and Morgan Stanley on Tuesday outperforming some forecasts, suggesting a solid earnings season ahead. The upturn in markets was almost global, where the stock losers of the past few days outperformed led by the technology sector, said Patrick Bernes, a portfolio manager for CIBC Asset Management. We've seen the sell-off, a little bit of a correction and you've seen some decent results come in. Bernes said bond yields, which drove investor anxiety when they increased to multi-year highs, have retreated in the last few days to provide some support to equity markets. I don't think there are any growth or macro concerns that would warrant further downward pressure, he said of equity markets.
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Tagged under goldman sachs, earnings topics.