We wanted to highlight a comment from our in house Economist Stéfane Marion, who noted the disconnect between the TSX and the S&P indices has pushed out its widest point since 2004. Below are the comments, with more detail in our Monthly Equity Monitor which can be found here.
Market Watch June 28, 2017
** I have prepared this commentary to give you my thoughts on various investment alternatives and considerations which may be relevant to your portfolio. This commentary reflects my opinions alone, and may not reflect the views of National Bank Financial Group. In expressing these opinions, I bring my best judgment and professional experience from the perspective of someone who surveys a broad range of investments. Therefore, this report should be viewed as a reflection of my informed opinions rather than analyses produced by the Research Department of National Bank Financial **