Top picks from Terry Shaunessy, president and portfolio manager at Shaunessy Investment Counsel.
The bulls have regained control on the American equity market.
Invesco Ltd. is in talks to buy Massachusetts Mutual Life Insurance Co.’s OppenheimerFunds unit, which has more than US$248 billion in assets under management, according to a person familiar with the matter.
One large investor called it quits on an exchange-traded fund tracking low volatility emerging-market stocks -- and took more than half of the fund’s assets with them.
Buckle up, traders. Two major market events are colliding, with U.S. equity volumes jumping sky-high.
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