Market View

President Trump imposed 25% tariffs on goods from Japan and South Korea, starting on August 1. In addition, the copper market is currently in turmoil as President Trump announced a higher-than-expected 50% tariff on copper imports. The Canadian dollar was 73.04 cents USD. The U.S. S&P 500 ended the week up 0.4%, while the TSX was slightly down 0.1%.

A lot more greens this week than reds. Consumer discretionary and industrials gained 1.8% and 1.7%, respectively. Real estate and consumer staples added 1.5%, each, while energy edged up by 0.7%. Financials ended the week up 0.4%. Technology and materials ended the week down 1.7% and 1.6%, respectively. The most heavily traded shares by volume were Celestica (CLS), Toronto-Dominion Bank (TD), and Royal Bank of Canada (RY).

5 from 5i

Here are five reads we found interesting last week:

• Nvidia – First 4 Trillion Company, written by Luke Kawa of Sherwood News
• The Future of Investment Management is the Paradox of Choice, published by Ben Carlson of Ritholtz Wealth Management LLC
• Is Gen Z Out of Luck Financially?, written by Ben Carlson of Ritholtz Wealth Management LLC
• On Second Thought: 3 Retirement Topics I’ve Changed My Mind About, by Christine Benz of Morningstar.
• Different Kinds of Rich, published by Ben Carlson of Ritholtz Wealth Management LLC

Happy Reading & Stay Safe!

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