Q: For over 12 months ending June the number of TSX 52 week lows exceeded the 52 week highs.
I notice that all 3 business days this week the number of 52 week highs have have exceeded the 52 week lows
In your opinion could this be a further sign that the TSX is entering a bull market phase.?
I notice that all 3 business days this week the number of 52 week highs have have exceeded the 52 week lows
In your opinion could this be a further sign that the TSX is entering a bull market phase.?
5i Research Answer:
It is a good sign, but just one indicator. Still, the market is showing a lot of resilience, and with high employment and rates (likely) peaking, we thing conditions do look good for some continued gains.