Market View

US Consumer Price Index (CPI) in September comes in hotter than expected, which slowed to 0.4% month over month from 0.6% in August, but still slightly higher than the expectation of 0.3%. While oil prices surge on fears of Middle East conflict will put more pressure on oil supply tightness. The Canadian dollar was 73.2 cents USD. The U.S. S&P500 ended the week slightly up 0.8%, while the TSX was up 2.0%.

A lot more greens this week than reds. Energy and materials gained 7.1% and 4.5%, respectively. Financials added 1.2%, while real estate edged up by 0.6%. Consumer discretionary and consumer staples both added 1.2% this week. Information technology ended the week down 0.6%. The most heavily traded shares by volume were Tamarack Valley Energy, Baytex Energy, and Crescent Point Energy.

5 from 5i

Here are five reads we found interesting last week:

•  Bonds’ Pain Is Retirees’ Gain, by John Rekenthaler of Morningstar

• U.S. VC funding hit lowest level in 6 years in Q3, a story told in charts, published by Dean Takahashi of Venture Beat

• Spending Down Pandemic Savings Is an “Only-in-the-U.S.” Phenomenon, authored by Thomas Klitgaard and Matthew Higgins of Liberty Street Economics

• How Should I Invest?!, written and published by Jesse Cramer of The Best Interest

• House of Cards, written and published by Jonathan Clements of HumbleDollar

Happy Reading & Stay Safe!

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