Market View

Major North American staged a reversal today following a week of gains. Oil prices rose after OPEC producers and allies promised to meet supply cuts. Gold prices rose while the US dollar remained unchanged. The Canadian dollar was 73.67 cents. U.S. S&P500 was up 4.0% this week and the TSX ended the week up 3.2%.

This week was a rollercoaster of emotions seeing more green days than red. Technology jumped by 4.1% this week, followed by healthcare at 3.4%, and consumer staples at 3.2%. Industrials ended the week flat. Energy slipped by another 5.4% this week, followed by consumer discretionary, which slide down 1.4%. The most heavily traded shares by volume were Zenabis Global, Bombardier Inc, and Manulife Financial.

5 from 5i

Here are five reads we found interesting last week:

• The Math of Value and Growth, written by Michael Mauboussin and Dan Callahan of Morgan Stanley (A long read)
• Small-Cap Valuations: Historic Opportunity or Overvalued? Authored by Matt Wagner of WisdomTree
• No, it’s not a good idea; Robinhood trades buying bankrupt equities aren’t onto something, written by Greg Obenshain of Verdad Capital
• Markets are getting more efficient, or are they? By Joachim Klement, published on the Klement on Investing website
• Tail Hedging, written by Corey Hoffstein of Newfound Research

Happy Reading & Stay Safe!

Thinking about becoming a 5i Research Member?  There is no better time to join but don't just take our word for it. Try it for free for the next month and experience all the benefits of the 5i Research membership. (And don't worry. We won't ask for your credit card upfront)

Disclosure: Please note that the author does not hold a financial or other interest stocks or funds mentioned.