5 from 5i: FIRE

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Market View

The British PM is dealing with some last-minute troubles with some ministers after the European Commission endorsed a declaration on the future relationship between the UK and the European Union. China and the US still remain in a trade war turning more formal now with written responses. Oil prices tumbled to 2018 lows. The Canadian dollar was 75.51 cents U.S. The week ended with the TSX down 1.5% and S&P500 down 3.2%.

The week witnessed all gains of 2018 being wiped from the market and continued to be a tough one for investors. Only three of the 12 subgroups were in positive territory. Consumer staples were up 2.1%, consumer discretionary 1.2%, telecommunications 0.8%, and industrials and real estate remained flat. Energy and healthcare saw the deepest fall by 5.8% and 5.7%, respectively. Materials were down 1.6%, and financials were down 1.0%. Aurora Cannabis slipped 1.3% after reporting higher quarterly revenue and profit last week. Canopy Growth posted a larger-than-expected quarterly net loss, which saw the stock slide down 5.2%. Tahoe Resources jumped up 47.6% after Pan American Silver Corp agreed to buy the former for $1.07 billion in a cash and stock deal. Canada Goose Holdings jumped 20.7% after posting a higher-than-expected quarterly profit. Revenues from its online and branded stores more than doubled and the management raised guidance. The most heavily traded shares by volume were Bombardier, Aurora Cannabis and Baytex Energy.

5 from 5i

Here are five reads we found interesting last week:

-FIRE (Financial Independence/Retire Early): to do, or not to do

-Understanding risk tolerance versus risk need

-Personalizing and simplifying your portfolio

-Understanding asset classes

-Recognizing your personality changes in the market

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