5 from 5i: Does guru investing work?

Barkha Rani Sep 24, 2021
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Market View

The possibility of Chinese property company Evergrande collapsing took a toll on Asian and S&P500 earlier this week. The worries eased after Evergrande reached a deal with some of its debtors. Oil prices lowered as the US Gulf oil output resumed following the hurricanes. Norway’s central bank, Norges Bank, became the first central bank in the developed market to raised interest rates in the post-pandemic economy. The Canadian dollar was 78.76. U.S. S&P500 ended the week up 1.0%, while the TSX ended the week up 0.6%.

It was a relatively calmer week for the TSX sectors. Energy rose 6.5%, while consumer discretionary and financials gained 1.6% and 1.1%, respectively. Technology, consumer staples, materials, and telecommunications sectors ended the week flat. The most heavily traded shares by volume were Athabasca Oil, Baytex Energy, and Bombardier Inc.


5 from 5i

Here are five reads we found interesting last week:

Happy Reading & Stay Safe!


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



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