Exchange: Equity Markets and Toronto

exchange: The Toronto Stock Exchange Broadcast Centre is shown in Toronto on June 28, 2013, according to The Toronto Star. Aaron Vincent Elkaim / THE CANADIAN PRESS He said the resilience of equity markets is overpowering geopolitical and global growth slowdown concerns that were also evident in December. However, the nearly 10 per cent rally so far in 2019 signals that investors haven't learned from the past over-exuberance, says Kash Pashootan, CEO and chief investment officer at First Avenue Investment Counsel Inc. So the market has decided to again do a lot of what it has been doing the last few years, which is shrugging off uncertainties and variables that will challenge corporate earnings, global growth and equity returns, Pashootan said in an interview. Article Continued Below The S&P/TSX composite index closed up 69.25 points to 15,695.98, after hitting an intraday peak of 15,733.13. We feel that the rally that we've seen in equity markets is not justified... We did expect to bounce back but we feel that the market has bounced back too much and pricing in too much optimism in the short-term. (news.financializer.com). As reported in the news.