Another Look at Cyclical Support Potential for the Canadian Stock Market

October 25, 2018 | Another Look at Cyclical Support Potential for the Canadian Stock Market

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

Another illuminating chart from my partner Cory Venable here offers a look at where cyclical support may lie for the Canadian stock market (TSX) in coming months. The support band (in pink) manufactured by successive QE programs rolled out by central banks in 2010, 2011 and 2012, may prove an optical illusion as higher rates and Quantitative Tightening (QT) are now in effect. The 8500-9500 (green band) may be a more realistic downside test as this cycle mean-reverts.

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Danielle Park October 25th, 2018

Posted In: Juggling Dynamite

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October 25, 2018 | Another Look at Cyclical Support Potential for the Canadian Stock Market

Danielle Park

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