Market View

The US Federal Reserve sticks to easy policy through 2023 overlooking inflation for a while. An increase in US crude and fuel inventories led oil prices to stay firm. The US dollar and gold price remained flat. The Canadian dollar was 79.87. U.S. S&P500 ended the week down 0.4%, while the TSX ended the week down 0.3%.

It was a mixed bag this week. Energy slid the most by 6.2%, followed by healthcare at 2.3%. Consumer staples and technology ended the week flat. Consumer discretionary rose 0.9%, while financials gained 0.8%. The most heavily traded shares by volume were Toronto-Dominion Bank, Enbridge, and Suncor Energy.

5 from 5i

Here are five reads we found interesting last week:

• 2020 in review, by Howard Marks of Oaktree Capital
• No room on the ARK? Written by Ben Johnson and Bobby Blue of Morningstar
• Twitter is reinventing itself, by Nilay Patel of The Verge
• Intel goes long, published on Daring Fireball
• Big market delusion: Electric Vehicles, by Rob Arnott, Lillian Wu, and Bradford Cornell of Research Affiliates

Bonus

• Bitcoin is a mouth hungry for fossil fuels, by Ketan Joshi

Happy Reading & Stay Safe!

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