5 from 5i: 200-day Moving Averages

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Market View

European Commission cut its forecasts for economic growth sending the Euro down. Weak data out of Germany and Italy has hurt investor sentiment. Worries about global growth, US-China trade war, and the US government are back on investors’ minds this week. The Canadian dollar was 75.17 cents U.S. S&P500 was up 2.6% this week and TSX up 1.6%.

Only one of the twelve subgroups ended the week in the negative territory. Consumer Staples jumped by 3.2%, Real Estate was up by 2.9% and Utilities were up 1.8%, Industrials and Materials were up by 0.8%, each. Energy was down by 1.7%. Bombardier faces financial penalties for the late deliveries. Aphria rejected US cannabis retailer Green Growth Brands’ hostile takeover bid valuing the company at $2.35 billion. Suncor Energy reported a loss compared to a profit last year. This was attributed to lower prices for crude. Intact Financial reported fourth-quarter profit and an upward revision to industry forecasts. BCE, Canadian telecom services provider, beat estimates for the quarter as it saw growth in its wireless segment. Yum Brands beat estimates for sales driven by growth at Taco Bell and KFC. The most heavily traded shares by volume were Aurora, Enbridge, and Aphria

5 from 5i

Here are five reads we found interesting last week:

-200-day Moving Averages: To follow, or not to follow

-Lessons from casinos as investing

-Short term momentum ruins our long term view

-Is Bernie’s proposal to ban buybacks beneficial to investors?

-Multi-Factor ETFs and market timings

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