Have Markets Found a Bottom?
By
John Stackhouse
Published March 24, 2020
|
9 min listen
"The 10-Minute Take", a new podcast series dedicated to providing the point of view of market experts on events unfolding around the globe.
Featuring Craig Wright, SVP and Chief Economist, RBC
After one month of declines, 10,000 points off the Dow and a lot of “announcement indigestion,” RBC’s Chief Economist Craig Wright says markets are still searching for a bottom. They’re unsure of how to price so much new risk, all at once. Central banks are also struggling to assert themselves, while governments have not been able to get enough new money into the economy. Even when the trillion-dollar checks are cut, will consumers spend and businesses invest?
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RBC Economics provides RBC and its clients with timely economic forecasts and analysis.
John Stackhouse
Senior Vice President, Office of the CEO, Royal Bank of Canada
John Stackhouse is a nationally bestselling author and one of Canada’s leading voices on innovation and economic disruption. He is senior vice-president in the Office of the CEO at Royal Bank of Canada, leading the organization’s research and thought leadership on economic, technological and social change. Previously, he was editor-in-chief of the Globe and Mail and editor of Report on Business. He is a senior fellow at the C.D. Howe Institute and the Munk School of Global Affairs and Public Policy and sits on the boards of Queen’s University, the Aga Khan Foundation of Canada and the Literary Review of Canada. His latest book, Planet Canada: How Our Expats Are Shaping the Future, explores the untapped resource of the millions of Canadians who don’t live here but exert their influence from afar.
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