Market View

President Trump paused on strikes against Iran’s energy sites until April 6, saying the ceasefire talks are “ongoing”. On the other hand, the bond market sold off in a sign that investors are expecting the Federal Reserve to be more hawkish on interest rates amid concerns that surging oil prices could potentially drive up inflation. The Canadian dollar was 72.10 cents USD. The U.S. S&P 500 ended the week down 2.3%, while the TSX was up 2.1%.

It was a mostly positive week for the market. Materials led the way, rising 7.5%, while energy and consumer staples gained 3.8% and 0.9%, respectively. Industrials also added 0.9%, and financials and real estate edged higher by 0.7% and 0.4%. On the downside, information technology declined 1.6%, while consumer discretionary slipped 0.3%. The most heavily traded shares by volume were Toronto-Dominion Bank (TD), Canadian Natural Resources (CNQ), and TC Energy Corporation (TRP).

5 from 5i

Here are five reads we found interesting last week:

• A Short History of Stock Market Pullbacks, by Ben Carlson of A Wealth of Common Sense.
• There Will Be No Permanent Underclass, by Nick Maggiulli of Of Dollars and Data.
• The Worst Asset Class for the Next 5 Years, by Ben Carlson of A Wealth of Common Sense.
• Why Hasn’t Elon Musk Merged SpaceX and Tesla?, by Sherwood News.
• Why the Semiliquid Fund Liquidity Crunch Was Inevitable, by Morningstar.
  
  

Happy Reading & Stay Safe!

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