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This TSX indicator will drive your portfolio performance

Market breadth – the number of stocks rising or falling within a benchmark – is one of the most important indicators for portfolio strategy. Changes in market breadth can determine the relative success of both active-versus-passive and value-versus-growth investing strategies.

Right now, the market breadth of the S&P/TSX Composite Index is narrowing. As a result, indexing and large cap, growth-oriented stock selection strategies are likely to produce better returns.