Market View

Inflation, interest rates, recession, geopolitics, and corporate earnings reigned over investor minds this week. Most indices globally ended the week in the red. Crude oil and gold prices fell this week. The Canadian dollar was 78.74 cents USD. U.S. S&P500 ended the week down 1.4%, while the TSX also ended the week down 2.3%.

It was a week of mostly reds. Technology and healthcare gave up 7.1%, each, while materials slid 7.0%. Energy was down 2.9%, and financials ended the week down 0.5%. Consumer discretionary gained 0.9%. The most heavily traded shares by volume were Kinross Gold Corp, Athabasca Oil, and Royal Bank of Canada.

5 from 5i

Here are five reads we found interesting last week:

• The inverted yield curve omen, by Charlie Bilello of Compound Advisors
• Will the bullwhip do the Fed’s job on inflation? (Some data on the trucking sector), by Craig Fuller of FreightWaves
• The Boneyard Principle: Why the next big thing will emerge from a failed idea, authored by David King and Mishti Sharma of the Every
• A new approach to 60/40, by Lan Anh Tran of Morningstar
• Netflix Q1 Reaction, written by Heidi Chung of Variety

Happy Reading & Stay Safe!

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