5 from 5i: The September market swoon accomplished most of what corrections are supposed to do

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Market View

Major North American indices saw a decline today in wake of the US jobs report miss and US President Trump’s diagnosis. Canada announced a $10 billion infrastructure plan to aid economic recovery. The Canadian dollar was 75.31. U.S. S&P500 rose 0.7% this week and the TSX ended the week down 0.8%.

With a sharp decline this morning, some sectors were able to make their way up. Consumer discretionary grew 1.1% over the past week, and technology rose 0.9%. Energy declined the most, by 6.7%, followed by healthcare at -1.7%. The most heavily traded shares by volume were Suncor Energy, Crescent Point Energy, and Canadian Natural Resources.

5 from 5i

Here are five reads we found interesting last week:

 
 

Happy Reading & Stay Safe!

 

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

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