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Daily Market Commentary

Diverging chart patterns
Market Commentary For Tuesday, June 13, 2017
Navigating the equity markets is an ongoing learning endeavor. However, the process can be very enlightening. Of the many different indicators and/or tools used to aid the process of investing, one that sticks out with me is correlation. Markets tend to move in the same direction, especially within a country’s borders but even from a global perspective. What is rather interesting here (see charts to the right of this column) is that we are seeing a slight divergence in the price action of the TSE 60 index, the bond market and the small cap index (by proxy here using the iShares small cap ETF). I would prefer a Canadian market where all assets are being coveted, not just the big companies.
TSE Composite Index TSE Venture Index CDN Bond Universe