Courtesy of the COVID-19 pandemic and its effects on the economy, the S&P/TSX Composite Index nosedived by 37.43% from its February 2020 peak to bottom out on March 23, 2020.
The market rebounded soon after, since investor panic began to subside, and the sell-off frenzy ended. At writing, the index is back up by more than 37.53%, but its recent rally began showing signs of the recovery slowing down on Tuesday, June 9. The S&P/TSX Composite Index is down by almost 10% from the start of the year. Is this a worrying sign?
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