5 from 5i: The problem with a Bitcoin Futures ETF

Barkha Rani Oct 15, 2021
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Market View

This week the S&P500 saw its biggest single-day gain since March while WTI crude prices rose to a seven-year high. The governor of the Bank of Canada commented that the global supply chain issues are not resolving as quickly as expected and expect this to weigh in on inflation for longer than expected. Gold prices fell as global stocks strengthened, and US bond yields gained. The US dollar remained unchanged. The Canadian dollar was 80.82. U.S. S&P500 ended the week up 1.8%, while the TSX ended the week up 2.2%.

Almost all sectors gained this week. Materials rose by 4.0%, followed by energy at 3.6%. Real estate gained by 2.4% and consumer discretionary edged up by 2.0% while financials and healthcare added 1.8% each. Technology ended the week up 1.0%. The most heavily traded shares by volume were Trevali Mining, Hut 8 Mining, and Baytex Energy.

5 from 5i

Here are five reads we found interesting last week:

Happy Reading & Stay Safe!


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



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