Market View

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:

• Medallion Fund: The ultimate counterexample? Posted by Cornell Capital Group
• Unplugged: Electric Vehicles, by John-Phillips III of American Consequences
• Keeping active managers from underperforming may be this simple, by Julie Segal of Institutional Investor
• The economics of movie product placements, written by Zachary Crockett of the hustle
• The art of pulling the trigger: what investors can learn from the psychology of the shootout, authored by Peter Hodson and published in the Financial Post

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.