Well stocks continue their slide. While U.S. equities are in the red, globally there are some markets that are fairing a little worse than ours. In my TraderPlanet post for this week I compare Canada’s equity market ($EWC) to $SPY.
The chart below shows the relationship between iShares Canada ($EWC) and S&P 500 SPDR ($SPY). When the green line is falling it means Canadian equities are falling more or rising less than U.S. stocks. Looking back at the last four months of 2012 we can see some deterioration in strength coming out of Canada.
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