We pointed out in a previous piece Canadian stocks are trading at the steepest discount to the S&P 500 in about 20 years.
A Bank of America strategist says investors should shift their focus to TSX commodity-related and other cyclical stocks because they’re “much better positioned” than their U.S. counterparts and “particularly attractive” as the global economic recovery takes hold.
John O’Connell disagrees. Find out why.
Related stories: Strategist Favours Canadian Stocks Trading at Steep Discount to “Frothy” S&P 500