Market View

For the first time since 2019, the two- and ten- year yields inverted briefly earlier this week. IEA members to meet to discuss the release of emergency oil reserves driving down oil prices. Gold prices declined as the US dollar strengthened. The Canadian dollar was 79.95 cents USD. U.S. S&P500 ended the week flat, while the TSX also ended the week down 0.1%.

It was a mixed bag of greens and reds this week. Consumer discretionary and consumer staples added 1.9%, and 1.7%, respectively, while materials gained 1.4%. Healthcare gave up 4.5%, and financials ended the week down 1.9%. Technology and consumer staples declined by less than 1.0%. The most heavily traded shares by volume were Bank of Nova Scotia, BlackBerry, and Cenovus Energy.

5 from 5i

Here are five reads we found interesting last week:

• Five truths about the stock market by Legendary stock picker Peter Lynch, published on TKer by Sam Ro
• The current financial thing, posted on Not Boring by Packy McCormick
• Nothing’s first smartphone is aimed at Apple, not Oneplus, written by Jon Porter of the Verge
• Bill Miller’s biggest loss (on Enron), by Jon of Novel Investor
• Wait till next year, by Greg Spears of Humble Dollar

Happy Reading & Stay Safe!

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