Bruce Campbell's Top Picks: Saputo, Restaurant Brands International, MedtronicBNN Bloomberg MARKET OUTLOOK Markets have had an impressive recovery from the March lows. In the U.S., megacap tech in about 5 stocks is responsible for the lion’s share of the recovery. There are still many stocks and industries that are lagging; financials, energy and cyclicals are the big laggards. This does mean that there are pockets of value that can still be bought. In Canada, golds and Shopify are dragging the market along with them. Shopify has passed Royal Bank as the heaviest weight and golds are now roughly 12 per cent of the index. These trends usually end badly; it is a matter of when as they can continue for a long time. Given that backdrop, we are searching for a combination of growth and reasonable value in industries that will benefit in the new world going forward.
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