Many investors are concerned about the coronavirus outbreak, specifically whether or not the steps taken by policymakers will be enough to contain this virus’s economic impact. With concerns mounting, on March 12, Canada’s Toronto Stock Exchange (TSX) closed down 12.3% at 12,508.45 – its steepest drop on record. This comes just two weeks after the TSX achieved its highest peak.
For insights on this record drop, Yahoo Finance spoke with Sightline Wealth Management Senior Vice President and Investment Advisor Paul de Sousa. He explained to the publication that “the conditions were ripe for something like this to occur. It was almost a perfect storm of overvaluation plus this is now officially a pandemic.”
Click here to read the entire Yahoo Finance article featuring Paul de Sousa.
If you have any questions about the coronavirus’s effect on the market, please do not hesitate to contact Sightline Wealth Management at (416) 943-4383 or via email at email@example.com.
Sightline Wealth Management LP (“Sightline”) is an investment dealer and is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). Sightline provides management and investment advisory services to high-net-worth individuals and institutional investors primarily through fee-based accounts.
Sightline Wealth Management LP is a wholly owned subsidiary of Ninepoint Financial Group Inc. (“NFG Inc.”). NFG Inc. is also the parent company of Ninepoint Partners LP, it is an investment fund manager and advisor and exempt market dealer. By virtue of the same parent company, Sightline is affiliated with Ninepoint Partners LP. Information and/or materials contained herein is for information purposes only and does not constitute an offer to sell or solicitation to purchase securities of any issuer or any portfolio managed by Sightline Wealth Management or Ninepoint Partners, including Ninepoint managed funds.
Sightline Wealth Management (“Sightline”) makes every effort to ensure that the information has been derived from sources believed to be reliable and accurate. However, Sightline assumes no responsibility for any losses or damages, whether direct or indirect, which arise out of the use of this information. Sightline is not under any obligation to update or keep current the information contained herein. The information should not be regarded by recipients as a substitute for the exercise of their own judgment. Past performance is not indicative of future performance. Please speak to your Advisor regarding the suitability of information provided in this article for you. The opinions, estimates, projections and/or recommendations contained in this document are those of the author as of the date hereof.