"Indeed, the journey to the next bull market will take time, and will be marked by a series of set-backs and recoveries," he said.įederal Reserve Governor Christopher Waller said he sees a "significant" interest rate hike likely when the central bank meets Sept. Still, Donabedian added that he does not think stocks have reached the bottom of the bear market yet. "But this week's market recovery has shown there is continued resilience in the economy bolstered by favorable economic reports." "The case for the ongoing bear market is that the Fed will continue to tighten monetary policy, withdraw liquidity from the market and cause a tailspin for equities," said David Donabedian, chief investment officer of CIBC Private Wealth U.S. Stocks have been volatile recently as expectations of a 0.75 percentage point rate hike this month grew on Wall Street, after the Federal Reserve Chair Jerome Powell said again that he is "strongly committed" to bringing down inflation. The Dow added 2.66% on the week, while the S&P 500 gained 3.65%. The company also issued a third-quarter revenue forecast that was above expectations.Īll three major averages snapped a three-week losing streak. Shares of DocuSign surged more than 10% after the electronic agreements company reported an earnings beat. The Dow Jones Industrial Average gained 377.19 points, or about 1.19% to 32,151.71. stocks rallied Friday as Wall Street caps off a strong weekly performance, recovering from a Federal Reserve-induced slump. I would feel comfortable buying any of those flavors.U.S. The following Harvest Snaps Flavors appear vegan-friendly: Therefore, if there’s no “contains milk” on the ingredients list for a flavor, it’s safe to assume that it’s vegan-friendly.Īll of the remaining varieties have sugar included, so for now I’m going to assume that you’re okay with the risk that it was potentially filtered with bone char. There’s no obvious animal products besides the milk in some of the flavors. Therefore, these Harvest Snaps Flavors are not vegan because they all contain milk ingredients: Which Harvest Snaps Flavors Are NOT VeganĪt the end of the ingredients label, there’s a clear indication if a certain flavor contains milk. That doesn’t make them not vegan by almost anyone’s definition, but could be an issue if you have a dairy allergy. The final note is that there could be cross contamination.Īll flavors are packed on the same packaging line, meaning that trace amounts of milk could be in the “vegan” flavors. However, since the company clearly stated that all flavors are at least vegetarian friendly, I’m not worried about the natural flavors here at all. In general, natural flavoring ingredients can contain animal products. It’s often filtered with bone char in North America, so see my post on is white or brown sugar vegan for a detailed look if you’re not familiar with this gray area. Sugar is one of those ingredients that may or may not be vegan depending on how you view the issue. Black pepper seasoning (maltodextrin, spice, salt, sugar, mushroom powder, onion powder, garlic powder, yeast extract, vinegar powder, natural flavors, citric acid)Īlmost all of those are obviously plant-based and vegan friendly (okay, calcium carbonate is derived from rocks, not plants).The ingredients list for each variety differ, but here’s a typical list (for black pepper): I’ll also break down which flavors are or are not vegan in the lists below. The rest likely are vegan-friendly, but there’s a few things you might want to know about their ingredients that I’ll quickly go over on this page. It turns out that about half of Harvest Snaps flavors are clearly not vegan. Which obviously doesn’t mean they are vegan-friendly, but it’s a good start. “Harvest Snaps® are considered Vegetarian Friendly” On the Harvest Snaps website, it’s clearly stated:
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