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 invest@sightlinewealthmgt.com.
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