Our analysis will focus on December and January, the area after the red line. The TSX index closes at 2.75%, while the TTIN index closes at 3.79%.
We note that in December, there is a significant drop in TTIN which can be explained by tax loss selling, meaning that investors sell underperforming stocks in order to reinvest these funds in January, which may explain why the TSX has risen significantly during this period.
Although the TTIN outperformed at the end of January twice, the low rate noted throughout December and January can be explained by the threat of a strike at CN to be called from January 28.
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