5 from 5i: 2019 Third Quarter Review

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Market View

Investors await a key US payroll data this week. US’s September unemployment falls to 3.5%, a 50-year low. The US dollar and oil remained unchanged. The Canadian dollar was 75.15 cents. U.S. S&P500 was down 1.0% this week and TSX was down 1.5%.

This week was noisy for some sectors and relatively quiet for others. Energy slid the most by 6.0%, followed by Financials and Healthcare, both of which declined 3.1%, respectively. Industrials slipped by 2.1%. Consumer Staples and Technology rose by 0.8%, respectively. Flutter Entertainment agreed to buy the Stars Group Inc in a $6 billion share deal to create the world’s largest online betting and gambling company by revenue. TSGI shares soared 50% after the deal was announced. The most heavily traded shares by volume were Coro Mining, Aurora Cannabis, and Western Forest Products.

5 from 5i

Here are five reads we found interesting last week:

-2019 Third Quarter Review

-What did the Uber IPO teach us?

-Private Assets and their growing popularity

-No-commission trades a reality?

-Questions to ask before starting a new position

 

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Disclosure: The author does not hold positions in any stocks or funds mentioned.

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