Market View

The U.S. Consumer Price Index rose less than expected in April, showing an increase of 2.3% compared to April last year, which also marked the slowest annual increase since 2021.On the other hand, in mid-May, the U.S. and China agreed to pause most of the tariffs between the two countries for 90 days amid fear of a global recession, allowing time for negotiation while uncertainty remains. The Canadian dollar was 71.44 cents USD. The U.S. S&P 500 ended the week up 3.5%, while the TSX was up 1.7%.

A lot more greens this week than reds. Technology edged up 5.3%, while industrials and energy gained 4.7% and 4.0%, respectively. Financials added 2.2%, while consumer discretionary edged up by 1.8% and real estate gained 1.2%. On the other hand, materials consumer staples ended the week down 4.2% and 1.9%, respectively. The most heavily traded shares by volume were Enbridge (ENB), Manulife Financial Corporation (MFC) and Royal Bank of Canada (RY).

5 from 5i

Here are five reads we found interesting last week:

• Financial Advice That Doesn’t Work Anymore, written by Ben Carlson of Ritholtz Wealth Management LLC
• What If This Turns Out to Be a Terrible Time to Retire?, by Christine Benz of Morningstar.
• Has the American Dream Become Unattainable?, published by Nick Maggiulli of Of Dollars and Data
• Private Equity is Coming to a 401k Plan Near You, published by Ben Carlson of Ritholtz Wealth Management LLC
• Who’s the real winner when OpenAI becomes a public benefit corporation?, written by Jon Keegan of Sherwood News

Happy Reading & Stay Safe!

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