5 from 5i: Market-expected return on investment

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Market View

US President Biden’s plan to double capital gains tax was met with mixed reviews, slightly more negative. Major stock indices gained today as investors await a strong earnings season. Gold prices rose while the US dollar slipped. The Canadian dollar was 80.03. U.S. S&P500 ended the week flat, while the TSX ended the week down 1.2%.

It was a Debbie-downer kind of a week for TSX sectors. Energy slid by 4.4%, followed by technology, which was down 3.5%. Industrials gave up 1.7%, and materials slipped 0.9%. Consumer discretionary gained 1.3%, while consumer staples and financials ended the week flat. The most heavily traded shares by volume were Tetra Bio-Pharma, Manulife Financial, and Purpose Bitcoin ETF.

5 from 5i

Here are five reads we found interesting last week:

Bonus

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.