Market View

The week brought along record highs in several indices across global markets. Investors are showing optimism towards global economic recovery. The US dollar recovered while gold prices dipped lower. The Canadian dollar was 79.63. U.S. S&P500 ended the week up 1.8%, while the TSX ended the week up 0.6%.

All sectors ended the week with narrow gains except a few. Healthcare slid by 5.7%, followed by energy, which gave away 2.2%. Materials added 3.3%, technology gained 2.5%, and telecommunications rose 1.2%. The most heavily traded shares by volume were Supreme Cannabis, Bombardier Inc, and Aphria.

5 from 5i

Here are five reads we found interesting last week:

• JP Morgan Chase & Co. Chairman & CEO annual letter
• Behind the rise and fall of an esteemed value shop, by Gregg Wolper of Morningstar
• What almost killed home capital group, posted on the Chapter twelve blog
• Assets have tanked at two of the world’s biggest short sellers, written by Michelle Celarier of Institutional Investor
• Biden’s $2 trillion infrastructure plan, explained in 600 words, authored by German Lopez of the Vox

Happy Reading & Stay Safe!

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