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Before the Bell: Could today be the bears' last stand? Add to ...

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The Before the Bell report is compiled by editors of The Globe and Mail and is updated throughout the morning to reflect latest developments. Colin Cieszynski, Chartered Financial Analyst and Chartered Market Technician, is chief market strategist with CMC Markets.

Since the beginning of 2016, bears have had the run of the markets, driving indexes, commodities and some currencies substantially lower. Wednesday’s U.S. selloff and rebound had many of the hallmarks of a selling climax, with big plunges followed by a big rebound.

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