Market View

The US Consumer Price Index for the month of September came in slightly hotter than expected. Markets turned deep red for the beginning of the trading day with a strong reversal by market close. The Bank of England announced an expansion of its bond-buying program. The Canadian dollar was 72.07 cents USD. The U.S. S&P500 ended the week down 1.2%, while the TSX ended the week down 2.2%.

Most sectors ended the week in red except one. Healthcare slid by 13.7%, followed by technology, which gave up 4.2%. Energy and industrials ended the week down 3.3% and 2.0%, respectively. Consumer staples added 3.3% over the five days. The most heavily traded shares by volume were Toronto-Dominion Bank, Birchcliff Energy, and Cenovus Energy.

5 from 5i

Here are five reads we found interesting last week:

• Tailoring your portfolio when one size doesn’t fit all, by Amy Arnott of Morningstar
• How to manage risk of randomness in investing, authored and posted by Vishal of Safal Niveshak
• What do millionaires invest in? By Elisabetta Basilico of Alpha Architect
• Here’s Apple’s roadmap for shifting more iPhone and Mac production outside of China, by Chance Miller of 9to5mac
• The sages of Wall Street, written by Brian Chingono and Greg Obenshain of Verdad

Happy Reading & Stay Safe!

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