17.08.2021 - Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) today announced the appointment of George M. Pereira as a director of both Pacific Premier Bancorp, Inc. (the “Company”) and Pacific Premier Bank (the “Bank”), the Company’s wholly-owned bank subsidiary, .
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Stock markets are resilient by nature, although vulnerable to significant declines. Also, investors’ risk appetites fade when market volatility is exceptionally high. Most global stock exchanges, including the
S&P/TSX Composite Index, have gone through severe corrections, yet recover every time.
In 2021, the TSX’s resiliency is evident amid the raging COVID-19 pandemic. The index hasn’t succumbed to the pressure thus far and remains in positive territory with its 9.77% gain. As of May 13, 2021, the energy (+35.41%) and financial (+17.18%) sectors outperform the broader market.
The rally appears unstoppable, despite the bubble warnings. I see three reasons why TSX stocks can march on and sustain their upward momentum. The index could even end the year at a record high.