Posted on Tuesday, December 4, 2018 5:37 PM EST
Last Updated Tuesday, December 4, 2018 5:40 PM EST
Toronto-North American markets on Tuesday admitted to potential recession, leading to a decline in major industrial, energy and financial sectors.
Craig Jerusim, manager of the CIBC Asset Management portfolio, says: "Profitability of two and three-year Treasury notes exceeds five-year notes from the partial return curve invariant, which often causes a decline in the future."
"The market is exposed to the risk of adversely affecting the market and, as a result, risk assets are sold on board," he said.
In addition, two and ten-year treasury notes will shrink in the narrowest range since 2007.
Historically, the inversion of these remarks usually begins with a recession of 6 to 12 months.
"Thus, partial inversion does not mean that the clock has not started yet," he said in an interview. "This is a potential signal for something."
In addition, the markets have been aggravated by the enthusiasm of China-US. The trading deal is also explained on both sides and the constant noise about the Bursuit.
The S & P / TSX composite index was the most common daily loss within six weeks as it closed 211.39 points to 15,063.59.
All sectors of telecommunications and utilities fell, falling by 4.59 percent in healthcare, with industry, energy, technology, discretionary and financial instruments for consumers.
Health AfrA Ink. The company's shares have dropped by 21 percent at the expense of short-sellers purchased in Latin America, and asked questions about their operations in the region.
Despite strong quarterly results, BMO's shares dropped when they did not reach operational targets.
In addition, Teck Resources Ltd. after the sale of the Copper mine project in Chile reached 2.1 percent, allowing Vancouver cash flow to be positive.
Also, the drop in TCO was partially offset, with high oil and gold prices.
The January contract for crude oil was 30 cents for $ 53.25 per barrel, and a natural contract in January was 11.74 cents to US $ 4.46 per barrel.
Gold futures contract was $ 7.00 per ounce, with an ounce of 1 246.60 US dollars, and the March copper contract fell by 5.05 cents to $ 2.76.
The Canadian dollar was traded on Monday at an average price of 75.72 cents on average 75.65 cents per US dollar.
Dow Jones's industrial average in New York dropped by 3.1 per cent, down by 799.36 points to 25,027,07. The S & P 500 has dropped by 90,31 points to 2,700,06, and the Nasdaq composite has dropped by 3,8 percent or by 283,09 to 7,158.43.
Possible Negative Catalysts are the Federal Reserve's Growth and Performance Reports in the US. Former U.S. President George W. Bush For national mourning days closed. Bush.
"Investors are pushing for this all-pay season," Eusimus said.
"Any company showing any signs of sorrow has been severely punished and I think this market does not have high reliability, so it has signed a contract and can come to an agreement later."