5 from 5i: Medallion Fund: The Ultimate Counterexample

Barkha Rani May 14, 2021
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Top US pipeline, Colonial Pipeline, is back up running and has ramped up deliveries after a week-long outage caused by cyberattacks. India’s official tally of infections cross 24 million, and 4,000 people died for the third straight day. Gold prices rose while US dollar weakened despite the Federal Reserve officials’ reassurance regarding inflation concerns. The Canadian dollar was 82.73. U.S. S&P500 ended the week down 1.3%, while the TSX ended the week down 0.8%.

It was a week of mostly reds. Healthcare slid 6.2%, while technology gave up 3.4%. Consumer discretionary dropped 2.4%, and energy slipped 1.8%. Consumer staples and financials gained 1.4%, each, and utilities added 0.9%. The most heavily traded shares by volume were Manulife Financial, Enbridge, and Zenabis Global

5 from 5i

Here are five reads we found interesting last week:

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.



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