5 from 5i: Risk/reward in the stock market

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Market View

Major index futures rose today after indices tumbled yesterday as a potential second wave of coronavirus infections made investors nervous. Fed’s cautious comments didn’t help either. Gold prices rose while the US dollar remained unchanged. The Canadian dollar was 73.79 cents. U.S. S&P500 was down 4.8% this week and the TSX ended the week down 4.7%.

Stocks saw their worst day this week since March. Energy slipped 11% this week, followed by financials and consumer discretionary at -5.4% and -5.0%, respectively. Utilities slipped 4.6%, telecommunications 4.1%, and materials fell 3.5%. The most heavily traded shares by volume were HEXO Corp, Air Canada, and Baytex Energy.

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 stocks or funds mentioned.

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