5 from 5i: Are We Bullish Enough?

Chris White Jan 14, 2022
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Market View

2022 has been off to a rocky start, brought on by fears over interest rate hikes and a potential balance sheet run-off later this year, as well as another high inflation reading. Markets have been fluctuating, and talks continue of a rotation from growth to value. Gold prices edged up, and both the US dollar and oil traded higher. The Canadian dollar was 79.69 cents USD. U.S. S&P500 ended the week down 0.44%, and the TSX increased by 0.82% on the week.

The sectors that are traditionally associated with value stocks performed well this week, with energy increasing 4.9%, financials increasing by 1.6%, and materials up by 2.8%. Consumer discretionary increased by 1.2%, healthcare fell by 2.2% on the week, and technology decreased by 1.0%. The most heavily traded shares by volume were Toronto-Dominion BankFirst Quantum Minerals Ltd., and Suncor Energy Inc.

5 from 5i

Here are five reads we found interesting last week:

Happy Reading & Stay Safe!

 


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

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