TSX could beat S&P 500 this year as this indicator turns positive for first time in 18 months
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An indicator from the Bank of America‘s global strategy team just turned positive for the first time in 18 months, signalling the tide could be turning for Canadian stocks.
Historically when BofA’s Canada Cycle Indictor has been positive the S&P/TSX has outperformed the S&P 500 60 per cent of the time by 4.2 per cent over a 12-month period, said Ohsung Kwon, equity and quant strategist at BofA Securities.
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