Market View

Major North American indices are set for their first monthly loss since April, as rising coronavirus cases trumped domestic stimulus news. Canadian dollar slips to a two-month low. The U.S. dollar slipped. The Canadian dollar was 74.59. U.S. S&P500 slid 0.5% this week and the TSX ended the week down 0.4%.

It was a mixed week with mostly reds. Healthcare slipped 8.8%, followed by energy, down 5.2%. Materials slid by 4.0%, and financials by 0.9%. Consumer staples rose by 4.9%, and technology by 3.8%. Consumer discretionary and industrials rose by 2.0%, each. The most heavily traded shares by volume were Just Energy, Suncor Energy, and Kinross Gold.

5 from 5i

Here are five reads we found interesting last week:

• Aging and equities: Selling stocks for the long term, written by Nicolas Rabener posted on CFA Blog
• Book value is an incomplete measure of firm size, by Brent Leadbetter, Feifei Li, and Juhani Linnainmaa of Research Affiliates
• The little short, by Daniel Brook of Slate.com
• The fault, dear investor, is not in your investments, but in you, posted on Safal Niveshak
• Upside-down markets: Profits, inflation and equity valuation in fiscal policy regimes, by Jesse Livermore of OSAM

Happy Reading & Stay Safe!

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