Agnico Eagle's 10.5% single session gain came alongside Canada's five largest banks falling in tandem, the sharpest sector split of the year. Research on individual investor behavior finds that buying into a sector after its biggest gains tends to underperform, since the move has typically already happened by the time it becomes visible. A vivid headline number crowds out the ordinary sessions that preceded it, a pattern tied to the availability heuristic in behavioural finance research.
This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.
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