Stan Wong’s Top Picks for May 7, 2025 - BNN Bloomberg
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Article Excerpt
Stan Wong, Portfolio Manager, Scotia Wealth Management
Focus: North American large caps & ETFs
Top picks: iShares Core MSCI EAFE ETF, MercadoLibre, Visa
MARKET OUTLOOK:
Equity markets have staged a strong recovery following the recent correction, with the S&P 500 Index rebounding nearly 13 per cent from the early-April lows. Investor sentiment has improved on the back of de-escalating tariff tensions, encouraging economic data, and a temporary pause on most new tariffs, which, coupled with steady job growth, has helped reignite some confidence and restore upward momentum in equities.
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