Posted 2/14/2024, 1:32:20 PM
Housing Shortage, Energy Deals, FX Swings: BMO Sees Gap Even with Record Homebuilding; RBC Eyes Energy M&A; Citi Burned on USD/CAD Bet
- BMO Housing supply can't meet demand even with 500K completions a year, highest ever is 200K
- RBC Strong energy balance sheets support more M&A; names ARC Resources, Ashtead, etc as targets
- Citi got stopped out of short USDCAD trade for 1.2% loss on upside CPI surprise
- BofA Stocks reclassified to better sectors outperform by 2-4% over next 3 months
- Diversion Stone age megastructure found submerged in Baltic Sea
