Market View

The three R’s have been heavy on markets this week: Russia, Recession, and Rates. Sentiment lifted this week compared to the previous month. Oil prices steadied after a rally early this week while the US dollar edged upwards. The Canadian dollar was 78.48 cents USD. U.S. S&P500 ended the week up 5.3%, while the TSX also ended the week up 1.7%.

It was a mixed bag of reds and greens this week. Energy gained 6.1%, while consumer staples and financial added 3.0%, each. Consumer discretionary edged up by 1.5%. Healthcare slid 9.9%, followed by materials which declined 1.9%. Technology ended the week down 0.9%. The most heavily traded shares by volume were Western Energy Services, Aurora Cannabis, and Suncor Energy.

5 from 5i

Here are five reads we found interesting last week:

• Don’t overemphasize volatility, posted by Jon of Novel Investor
• Special report on SPAC, by Jessica DiNapoli of Reuters
• Weekly market pulse: Inevitable? By Joseph Calhoun III of Alhambra Investments
• Ideas to boost Japanese growth, authored by Noah Smith of Noahpinion
• Bad economics, by Simon Torracinta of Boston Review

Happy Reading & Stay Safe!

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