From the Globe this am. Numbers prior to todays session. Tech taking a good chunk of the beating.
Scotiabank’s portfolio strategy team have updated their data showing that the decline in the S&P/TSX Composite understates the carnage beneath the surface,
“The S&P 500 is now down 4.5% from its September 2, 2021 high and the TSX pullback is a tad milder at -3.6%. While indices remain well behaved, we see much more damage beneath the surface, which could suggest that a lot of the bad news is already priced-in. If October is choppy as well, opportunities could surface. Canada: 142 stocks (61%) in the TSX are trading in correction territory, i.e., they’re down more than 10% from their 52-week high. Of those, 85 (36%) are in bear market territory (i.e., 20%+ off their highs). US: 314 stocks (62%) in the S&P 500 are trading in correction territory and 80 (16%) are in bear market territory "
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There are some who can live without wild things, and some who cannot. Aldo Leopold
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