NEW YORK — Welcome to the brave new world of investing, where every day in the stock market can feel like bedlam. It was a sharp reversal from just the day before when investors saw the glass decidedly half empty. Analysts are forecasting 11.4 per cent growth for S&P 500 companies, which would be the fifth straight quarter of gains topping 10 per cent, according to FactSet. Markets have parsed every word Powell has said in public, hoping to divine clues about the path of interest rates. Higher interest rates can forestall inflation, but they can also slow economic growth and drive buyers away from stocks.

Source: thestar January 07, 2019 07:07 UTC