Market Ethos.
29 August 2022.
It’s been quite a ride. In the past three years, investors in the TSX have experienced a 37% drop over a one-month span, a subsequent 109% gain over two years, a 16% decline over three months and most recently a 10% gain in the past few weeks. These are big swings, some of them blindly fast. In 2022 add in inflation as a top issue, eroding how much we can buy, coupled with rising recession fears. To top it off, prices across asset classes and markets are moving more in tandem than usual, reducing diversification benefits. We cannot imagine a more fertile backdrop to think about risk.
