5 from 5i

Michael Huynh May 12, 2023
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Market View

The US April consumer price index (CPI) fell to 4.9%, compared to expectations of 5%, largely driven by Service prices cooling down. Meanwhile, consumer sentiment in the US declined to 57.7 in May, down from April’s figure of 63.5, anticipating a near-term recession. The Canadian dollar was 73.74 cents USD. The U.S. S&P500 ended the week down 0.8%, while the TSX was down -1.1%.


It was another week of a mix of greens and reds. Energy and healthcare sectors fell by 3.0% and 2.9%, respectively. Financials declined by 1.1%, while consumer staples edged up by 0.7%. Industrials and consumer discretionary edged up by 1.1% and 0.6%, respectively. The most heavily traded shares by volume were Enbridge, CI Financial Corporation, and Air Canada.

5 from 5i

Here are five reads we found interesting last week:

  • 3% or Bust, written and published by Barry Ritholtz – co-founder, chairman and chief investment officer of Ritholtz Wealth Management

Happy Reading & Stay Safe!


Disclosure: The analyst(s) responsible for this report do not have a financial or other interest in securities mentioned.



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