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Line chart showing the S&P/TSX Composite climbing toward a 52-week high during eleven nights of strikes on Iran.

The index has climbed toward a record high through eleven straight nights of strikes on Iran, a rally powered narrowly by gold miners and energy producers while other sectors lagged behind. Behavioural research originating with Daniel Kahneman and Amos Tversky suggests investors reweight recent, vivid events more heavily than base rates when judging what happens next. That dynamic can leave portfolios increasingly concentrated in whichever sector carried the most recent sessions, a risk that builds quietly during stretches like this one.

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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