By Justin Turner CIM, DMS®, CFP®
It has been all doom and gloom over the last week highlighted by protests in Hong Kong and the first North American Ebola case. The TSX has given back about half of its 2014 year to date gains and the S&P 500 has done just about the same. That leaves many of the major indices at important technical levels, and further downside could signal real trouble for equity markets around the world.
It has been all doom and gloom over the last week highlighted by protests in Hong Kong and the first North American Ebola case. The TSX has given back about half of its 2014 year to date gains and the S&P 500 has done just about the same. That leaves many of the major indices at important technical levels, and further downside could signal real trouble for equity markets around the world.
With the American economy still improving and with rates
still at all-time lows, it doesn't feel like this will be the end of the rally
but nothing can be ruled out. Look for
the S&P 500 to stay well above the 1900 level or a much deeper correction
could materialize.
