What do recent stock market gains really mean? Apr 12th

All about Canadian investments. Learn the ins and outs and get the latest news.
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For the second week in a row, markets are up, with the S&P 500 climbing by about 12% between Monday, April 6, and Thursday, April 9, while the S&P/TSX Composite Index rose by 9.5%. (Markets were closed, perhaps thankfully, on Good Friday.) While stocks are still down by about 20% since February 21, U.S. and Canadian equities have risen by about 25% since March 23. So hooray for your portfolio, which, if you listened to MoneySense’s advice and didn’t sell out, has recovered at least some of its losses. 
But as welcome as these recent gains may be, now is not the time to get carried away. If you found yourself taking deep breaths as the market fell, then you should be doing the same during these climbs. Many professional investors think we’re not out of the woods yet—and that stocks could see another big decline. 
Why are markets rising?
There are a few reasons as to why stocks have been rising over the last couple of weeks. One is that we now have at least some idea as to how devastating COVID-19 will be to the global economy…

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