5 from 5i: Can the Fed Finally Declare Victory?

Michael Huynh Nov 17, 2023
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Market View

US inflation in October cooled down faster than expected, rising 3.2%, down from a 3.7% rise in September due to cheaper gas prices, marking the smallest year-over-year increase since June. On the other hand, building permits rose to a 1.487 million rate in October, above the 1.45 million expected, marking the 15th consecutive month of decline. The Canadian dollar was 72.91 cents USD. The U.S. S&P500 ended the week up 2.5%, while the TSX was up 2.8%.


All but one sector rose this week. Technology gained 5.3%, while financials and materials added 3.7% and 3.6%, respectively. Real estate and consumer discretionary edged up 3.0%, and industrial rose 1.8%. Energy ended the week slightly up 0.3%, while consumer staples gave up 1.5%. The most heavily traded shares by volume were Canopy Growth Corporation, Baytex Energy, and Cenovus Energy.


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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