Market View

US consumer confidence index recovered to 92, compared to a consensus forecast of 87 in May, after declining for five months in a row as tariffs anxiety softens. On the other hand, the United States Court of International Trade put a temporary block on President Trump’s tariff, citing that the law does not give President Trump “unbounded” authority to issue the worldwide and retaliatory tariffs. The Canadian dollar was 72.43 cents USD. The U.S. S&P 500 ended the week up 1.2%, while the TSX was up 1.7%.

Most sectors rose this week. Real estate edged up 4.4%, while consumer staples and consumer discretionary gained 3.5% and 2.9%, respectively. Technology added 2.3%, while financials and materials gained 1.5%, each. Industrials gained 0.7%, while energy ended the week up 0.5%. The most heavily traded shares by volume were Suncor Energy (SU), Bank of Nova Scotia (BNS) and Royal Bank of Canada (RY).

5 from 5i

Here are five reads we found interesting last week:

• 11 Ways Retirees Damage Their Retirement Success, written by Jesse Cramer of The Best Interest
• 6 More Retirement Financial Myths, by Sheryl Rowling of Morningstar.
• The Dumb Money Isn’t So Dumb Anymore, published by Ben Carlson of Ritholtz Wealth Management LLC
• Where is All of the Money Coming From?, written by Ben Carlson of Ritholtz Wealth Management LLC
• Five mind-blowing market facts, published by Callie Cox of OptimistiCallie

Happy Reading & Stay Safe!

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