5 from 5i: Five reasons the Fed is playing catch-up

Barkha Rani May 13, 2022
Headline image for 5 from 5i: Five reasons the Fed is playing catch-up

Market View

Major North American indices tripped closer to correction territory from their all-time highs. Tightening monetary policies, supply chain disruptions, the Ukraine crisis, lockdown in China, and inflationary pressures continued to be the headlines this week. The US dollar rose, while oil prices slid down and gold remained unchanged. The Canadian dollar was 77.01 cents USD. U.S. S&P500 ended the week down 1.2%, while the TSX also ended the week down 1.3%.


It was a sea of both reds and greens this week. Consumer staples and consumer discretionary added 2.2%, each, while technology gained 1.9%. Healthcare and materials gave up 5.7% and 4.7%, respectively. Energy slid by 2.0%, and financials declined by 1.2%. The most heavily traded shares by volume were Manulife Financial Corporation, Western Energy Services, and Cenovus Energy.

5 from 5i

Here are five reads we found interesting last week:

Happy Reading & Stay Safe!


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



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