Market View

Investors welcomed a surprise bounce in Chinese manufacturing activity globally. Canada and the US’s main indices’ futures saw a gain. Gold prices eased while oil rose. The Canadian dollar was 75.91 cents. U.S. S&P500 was up 0.9% this week and TSX was up 0.7%.

It was a mixed bag this week. Energy slid by 3.4%, followed by healthcare, which slid 1.9%. Industrials rose 1.8%, and materials and technology gained 0.7%, each. Suncor Energy reported third-quarter profit in line with estimates. Net profit, this quarter, fell to $1.04 billion from $1.82 billion last year. Solid quarter for Kinaxis as revenue and adj. EBITDA were up 29%, profit grew 70% to $4.5 million. The most heavily traded shares by volume were Pengrowth Energy Corp, Bombardier Inc, and Encana Corp.

5 from 5i

Here are five reads we found interesting last week:

-Asset allocation for those in their 20s

-All about CAPE

-Best time to be an individual investor

-Why is it so hard to predict the next bear market

-Most stock-market-timing newsletters fail, study shows

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