5 from 5i: Monetary policy gone wild: A lost generation of US growth

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Market View

Thursday’s sell-off came after a strong summer rally that sent major indices to record highs. The sell-off continued today. Canada added 245.8k jobs in August, bringing the unemployment rate to 10.2 percent, down from an all-time high of 13.7 percent in May. The U.S. dollar slipped. The Canadian dollar was 76.18. U.S. S&P500 was down 3.7% this week and the TSX ended the week down 3.3%.

All sectors ended the week in red this week. Technology and Energy slipped 5.6%, each. Healthcare slid 4.3%, and financials by 3.7%. Industrials and consumer staples were down 2.7%, each. The most heavily traded shares by volume were Suncor Energy, Crescent Point, and Air Canada.

5 from 5i

Here are five reads we found interesting last week:

Bonus:

 
 

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

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