TD Asset Management’s CEO has never seen sentiment towards Canada this negative. Here’s where he’s seeing investment opportunities - The Globe and Mail
https://www.theglobeandmail.com/investi ... ceo-bruce/
Is the low Canadian market sentiment a contrarian indicator suggesting upside for the market?
I don’t think I have ever seen sentiment as negative as it is now in all of my years. I think the biggest challenge for Canada is that we are just not seeing a lot of global interest in our stocks. I think that’s part of what’s depressing the price-to-earnings multiples.
The way I look at it, it should create a long-term opportunity. I don’t know if that opportunity will bear fruit in 2019 or if it will take longer. I think the valuations do embed a reasonable amount of skepticism and negativity about Canada.
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