Market View

Major indices struggled as worries over a rise in coronavirus cases increased. Oil, gold and the US dollar rose. The Canadian dollar was 73.01 cents. U.S. S&P500 was down 2.7% this week and the TSX ended the week down 1.9%.

Almost all sectors declined this week. Healthcare slid by 7.6%, while energy slipped 6.1%. Consumer discretionary fell 5.4%, and consumer staples by 2.5%. Materials rose by 4.7%. The most heavily traded shares by volume were TC Energy, Zenabis Global, and Power Corp.

5 from 5i

Here are five reads we found interesting last week:

• Redefining fixed income, written by Mark Armbruster on the CFA Institute Blog
• Robinhood traders step into void left by dearth of buybacks, by Lu Wang of Bloomberg
• Cracks are forming in a once stable infrastructure bet, authored by Christine Idzelis of Institutional Investor
• Diversify, but not too much, by Amy Arnott of Morningstar
• ICYMI: Don’t buy ‘worthless’ Hertz stock and other investing wisdom from the pandemic, by Peter Hodson on 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 stocks or funds mentioned.