Tracing the crash path
History repeats itself. This is often heard pretty much everywhere, financial markets being no exception. We look at history to make better decisions about the future as our ingrained optimism reminds us that things get better after every adversity.
Canada's S&P/TSX Composite index is now up almost 26% after touching a low on March 23rd (closing basis) when it was down 37% from the Feb 20th peak touched before the COVID-19 fears swamped the global financial markets. With the recent gains, investors will again be weighing the trade-off between the fear