The picture of risk for the Canadian broad market: the financial sector is its most concentrated exposure (today 38% of the TSX) as the basket of shares (XFN) lept an outrageous 100% in the last 2 years of ‘QE-ever’ mania. Today rolling over once more at near-term resistance, a retest at short term support (marked below) seems likely.
For further thoughts on downside potential and ramifications for the Canadian market, see Canadian equity market: concentrated capital risk.
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