Market View

This week, the market's attention has mainly been on hopeful news about the pandemic and the cold war between the US and China. Oil rose while the US dollar slipped. Gold rushed to $1,900 overnight. The Canadian dollar was 74.57. U.S. S&P500 was down 0.1% this week and the TSX ended the week down 0.8%.

Materials rose 4.3% over this week helped by the US and Chinese consulate closures in opposite countries. Energy rose 1.3%. Healthcare slid 8.0%, and consumer discretionary slipped 1.8%. Suncor Energy posted a larger-than-expected quarterly loss due to a decline in oil prices. The most heavily traded shares by volume were St. Augustine Gold and Copper Limited, Northern Dynasty Minerals, and Yamana Gold. 

5 from 5i

Here are five reads we found interesting last week:

• How Dixie cups became the breakout startup of the 1918 pandemic, By Kevin Leland of Fast Company
• Shopify saved Main street. Next stop: Taking on Amazon, by David Freedman on Marker medium 
• Every company is becoming software, written by Jay Kreps on Confluent
• Eight timeless Buffett contributions that go beyond returns & bind shareholders, authored by Justin Carbonneau of Validea Capital
• The S&P500 grows ever more concentrated, written by John Rekenthaler on Morningstar.com 

Happy Reading & Stay Safe!

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Disclosure: Please note that the author does not hold a financial or other interest stocks or funds mentioned.