Quote:
Originally Posted by Enoch Root
Two issues here:
1) it is usually extremely difficult to attribute market movement to general economic news. If you have a specific event, during market hours, and the markets react immediately and specifically to the news, ok. Otherwise, markets are digesting incredible amounts of information, and attributing to ongoing information is almost impossible.
2) however, if you want to play the attribution game, the only sensible and rational time to assess the reaction is at the time the event happens. If the market were to react to Trudeau being PM, it would be after the election, not when he took office.
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Well point #1 would seem to indicate that you can't really say the TSX lost x because Trudeau was elected. To point #2, you'd probably want to try to attribute it to policy like a budget or throne speech, right?