By Justin Turner CIM, DMS®, CFP®
It's taken about 6 years, but at long last the TSX has rallied back to the 15,000 level. On a closing level basis it has broken the previous record of 15,073 set on June 18th, 2008 just before the global recession wiped out almost of half of the index's value.
Energy stocks have been the primary driver of Canadian stock outperformance thus far in 2014 and if this trend persists then even higher levels could be in store for the TSX. However, in the near term the market could be susceptible to a minor correction, especially the S&P 500 which continues to set new records and is quickly approaching the 2,000 level.
