Market View

The US consumer price index (CPI) ticked up 0.1% in November compared to last month, on an annualized basis, inflation decelerated to 3.1% from 3.2% in October, in line with expectations. On the other hand, the US Federal Reserve leaves its benchmark interest rate unchanged, believing that its policy rate is likely at or near its peak, indicating rate cut would likely come sooner than expected. The Canadian dollar was 74.79 cents USD. The U.S. S&P500 ended the week up 2.6%, while the TSX was up 1.1%.

A lot more greens this week than reds. Materials and financials gained 2.8% and 2.6%, respectively. Technology added 2.5%, while real estate and industrials edged up by 2.2% and 1.6%, respectively. Consumer staples gave up 2.4% and consumer discretionary edge down by 2.0%. Energy ended the week down 1.3%. The most heavily traded shares by volume were Enbridge, Toronto-Dominion Bank and Manulife Financial Corporation.

5 from 5i

Here are five reads we found interesting last week:

• All Time Highs, written and published by Rubin Miller of Fortunes and Frictions 

• If you take out shelter, inflation isn’t an issue, written and published by The Bonddad Blog
• You Probably Need to Rebalance, by Amy C. Arnott of Morningstar
• Could You Afford to Buy Your Own House Right Now?, written and published by Ben Carlson of Ritholtz Wealth Management LLC
• What Moves the Market, written and published by Michael Batnick of Ritholtz Wealth Management LLC

Happy Reading & Stay Safe!

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