Market View

China’s post-COVID recovery jumps sharply with a record growth of 18.3% compared to last year’s pandemic collapse. Higher commodity prices helped the TSX index hit a record high this week. Gold prices rose slightly while oil continued to rally upwards. The US dollar recovered while gold prices dipped lower. The Canadian dollar was 80.01. U.S. S&P500 ended the week up 1.3%, while the TSX ended the week up 0.5%.

Healthcare slid the highest this week by sliding nearly 6.5%. Technology slipped by 0.2%. Consumer discretionary rose 1.8%, while telecommunications ended the week up 0.9%. Energy and industrials were up 0.7%, and 0.6% respectively. The most heavily traded shares by volume were Supreme Cannabis, Zenabis Global, and Air Canada.

5 from 5i

Here are five reads we found interesting last week:

• Does inflation actually benefit value stocks, written by Derek Bergen of Applied Finance Capital Management
• Playing different games, authored by Everett Randle of The Valley of Dunning-Kruger
• The most important rule in investing, by Charlie Bilello of Compound Advisors
• Home is where the cartel is, posted on interfluidity.com
• Five winning traits investors should look for while navigating the small and mid-cap minefield, Published in the Financial Post and authored by Peter Hodson

Happy Reading & Stay Safe!

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Disclosure: Please note that the author does not hold a financial or other interest in stocks or funds mentioned.