Is that it for this one? This chart of the TSX shows the pattern of violent and increasingly fleeting rallies since November. The latest spike was the sharpest at 6.6% and the shortest, lasting just 3 days. Such moves are consistent with an ongoing cyclical bear market punctuated by short-covering rallies and the next wave of distribution.
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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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