Market View

The growing tension between the US and China dampened investor sentiment leading to major North American indices turning down today. Gold and US dollar rose slightly. The Canadian dollar was 71.37 cents. U.S. S&P500 was up 1.1% this week and the TSX ended the week up 2.6%.

Many sectors made progress this week. Energy jumped by 8.5%, and technology followed suit with a 7.6% jump. Consumer discretionary ended the week up 5.4%, while consumer staples was down 0.5%. The most heavily traded shares by volume were HEXO Corp, Manulife Financial, and Zenabis Global.

5 from 5i

Here are five reads we found interesting last week:

• Doordash and pizza arbitrage, written by Ranjan Roy of Margins by Ranjan Roy and Can Duruk
• Will stock and bond performance converge? By John Rekenthaler on the Morningstar website
• Disney streaming chief Kevin Mayer leaving to become TikTok CEO, by Sara Fischer of Axios
• Nothing can keep investors from pouring more money into alternative assets, written by Christine Idzelis on the Institutional Investor website
• What we leave behind, by Scott Galloway

Happy Reading & Stay Safe!

Thinking about becoming a 5i Research Member?  There is no better time to join but don't just take our word for it. Try it for free for the next month and experience all the benefits of the 5i Research membership. (And don't worry. We won't ask for your credit card upfront)

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