Market Ethos - Take a look under the hood


Take a look under the hood

It’s been a good month, with the S&P and TSX bumping up against the top of a range that has existed for half a year now. The S&P 500 rallied 7.5% over the past month from the bottom created by the U.S. banking flare up. Sure, the mega cap-techs helped more than their share, but overall, it has been a decently broad-based advance. About 84% of index members are up over the past month, with a little over half of index members up 5% or more. The TSX is also enjoying a bounce – up 6% over the past month.

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