Market View
Strong US jobs growth did not do much for North American indices. Oil hit a seven-year high, while gold prices steadied. The Euro strengthened against the US dollar. The Canadian dollar was 78.26 cents USD. U.S. S&P500 ended the week up 1.5%, while the TSX ended the week up 0.6%.
This week we saw large swings again in several sectors. Energy gained 6.3%, while healthcare added 4.9%. Materials rose by 3.8%, and consumer staples and financials edged up 3.1%, each. Telecommunications added 1.4%. The most heavily traded shares by volume were Athabasca Oil Corp, Suncor Energy, and Baytex Energy.
5 from 5i
Here are five reads we found interesting last week:
- The sacred CAPE ratio is problematic, by Sam Ro of TKer
- How one company took over the NFT trade, written by Russell Brandom of the Verge
- Why more Americans than ever are starting their own businesses, authored by Rani Molla of Vox Recode
- What the hell are NFTs and what do they mean for art? By Patrick Freyne of the Irish Times
- An anatomy of Bitcoin Price Manipulation, posted on Single Lunch of Matt Ranger
Happy Reading & Stay Safe!
Disclosure: The analyst(s) responsible for this report do not have a financial or other interest in securities mentioned.
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