5 from 5i: A possibly new tradable asset: Sports Teams

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Market View

A senior Bank of Canada official said that the Canadian economy is showing resilience to negative shocks, even as the US-China trade war continues to drag on. Safe-haven assets such as gold fell. OPEC, US and Russian crude output weighing in on oil prices. Prime Minister Boris Johnson has given an implicit ultimatum to lawmakers to back him on Brexit or face an election. The Canadian dollar was 75.96 cents. U.S. S&P500 was up 2.5% this week and TSX was up 1.1%.

It was a week of mostly greens this week. Healthcare and Energy jumped the highest at 4.7% and 4.3%, respectively. This was followed by technology, which was up 2.8%, industrials, up 2.3%, and consumer staples, up 2.2%. Materials fell by 2.5%. The most heavily traded shares by volume were Stornoway Diamond Corp, Encana Corp, and Aurora Cannabis.

5 from 5i

Here are five reads we found interesting last week:

-A new tradable asset: Sports Team

-Technology and Economic cycles

-The "lost decade" of stocks

-Budgeting and how to do it

-There's always something going on in the market

 

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Disclosure: The author does not hold positions in any stocks or funds mentioned.

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