Black Swan Events Remind Stock Investors to Diversify From U.S.
- Coronavirus outbreak heightens economic growth concerns
- Gold miners, utilities offset declines in Canada stock market
Photographer: Wang Zhao/AFP via Getty Images
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It’s times like this that jog the memories of equity investors, reminding them the value of diversifying as risk-off sentiment roils U.S. markets.
Eleven years into the U.S. bull market, black swan events like a deathly viral outbreak that could dent the world’s largest economy have brought investors back on earth. At one point on Friday, the S&P 500 Index dropped as much as 1.3%. Yet the Canadian benchmark fell less than half that amount at its lowest point.