Market View

Stronger gold prices helped Canada’s main stock index today even as cases rose to record levels this week. Possible effective COVID-19 vaccine news soared investor confidence. Oil and US dollar slipped. The Canadian dollar was 75.93. U.S. S&P500 ended the week down 0.3%, while the TSX ended the week up 0.8%.

It was a mixed bag for sectors this week. Energy rose 4.6%, followed by financials at 3.1%. Consumer discretionary jumped 2.9%, while technology slid down 3.8%. Consumer staples and healthcare slipped 3.1% and 2.4%, respectively. The most heavily traded shares by volume were Manulife Financial, Enbridge, and Bombardier.

5 from 5i

Here are five reads we found interesting last week:

•  A dramatic reversal in the market, by Russel Kinnel of Morningstar
• One look at Monday's massive rotation, by Rob Hanna of Quantifiable Edges
• You may regret staying parked in US stocks, by Nir Kaissar of Bloomberg published on Yahoo Finance
• Has the Coronavirus affected correlation? by Valerio Baselli of Morningstar
• Arm Macs are a big gamble, and Apple is all in, written by Chaim Gartenberg of The Verge
• BONUS: VCs say IPO pipeline looks robust and these companies could still go public in 2020, by Sophia Kunthara of Crunchbase news

ICYMI

• Consider selling your winners and other tips for investors as annus horribilis wraps up, written by Peter Hodson on Financial Post

Happy Reading & Stay Safe!

Thinking about becoming a 5i Research Member?  

There is no better time to join but don't just take our word for it. Try it for free for the next month and experience all the benefits of the 5i Research membership. (And don't worry. We won't ask for your credit card upfront)

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