Market View

The U.S. is ready for some tariff cuts to address concerns over the rising cost of goods such as coffee, bananas, and other foods with various countries like Argentina, Ecuador, El Salvador. In addition, President Trump recently signed legislation to end the record-long federal shutdown after lasting more than 43 days. The Canadian dollar was 71.30 cents USD. The U.S. S&P 500 ended the week down 0.4%, while the TSX was up 0.7%.

It was a mixed week of greens and reds. Energy rose 4.0%, while materials gained 3.8%. Consumer staples and consumer discretionary added 3.2% and 2.1%, respectively. Financials and industrials edged up by 0.3%, each. Technology slid by 4.5%, while real estate gave up 1.0%. The most heavily traded shares by volume were Toronto-Dominion Bank (TD), Royal Bank of Canada (RY), and Enbridge (ENB).

5 from 5i

Here are five reads we found interesting last week:

• A Blockbuster Earnings Season, written by Matt Cerminaro of Chart Kid Matt
• The Ideal Level of Wealth, published by Nick Maggiulli of Of Dollars and Data
• Why We Can’t Have Another 1929, published by Ben Carlson of Ritholtz Wealth Management LLC
• Are Young People Screwed?, written by Ben Carlson of Ritholtz Wealth Management LLC
• Big Tech’s most important infrastructure is at the bottom of the sea, as written by Jon Keegan of Sherwood News

Happy Reading & Stay Safe!

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