Provisus Monthly Insight – March 2017
CANADIAN STOCKS IN GREAT SHAPE – Why are investors still waiting for a correction? Some investors would like to see a pullback to cool off the white hot equity markets, but they may have to wait a little longer. This is because without a yield curve inversion there will be no correction. This mantra remains as true today as it did 47 years ago. The yield curve is one of the most reliable economic indicators and one that savvy market watchers always keep on their radar. Sure this bull market may be long in the tooth, but the Canadian stock market just reached its first all-time high since 2008.
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