5 from 5i: The S&P500 index out-performed hedge funds over the last 10 years, and it wasn't even close

Headline image for 5 from 5i: The S&P500 index out-performed hedge funds over the last 10 years, and it wasn't even close

Market View

US Senate approved a budget blueprint to advance Biden’s $1.9 trillion COVID aid package. Oil prices rose as OPEC and its allies extended the oil supply pact at existing levels tightening the oil supply. Gold prices rose while the US dollar slipped. The Canadian dollar was 78.19. U.S. S&P500 ended the week up 4.2%, while the TSX ended the week up 3.5%.

All sectors gained this week. Healthcare gained the most, at 10.7%, followed by energy, and technology which gained 8.5%, and 5.3%, respectively. Consumer discretionary jumped 5.2%, while industrials rose 4.4%. Consumer staples and telecommunications rose in the low 2% range. The most heavily traded shares by volume were Supreme Cannabis, Athabasca Oil Corp, and Enbridge Inc

5 from 5i

Here are five reads we found interesting last week:

Bonus

Happy Reading & Stay Safe!

 

Thinking about becoming a 5i Research Member?  

Do your 2021 goals include growth in your DIY Investments?  If so, no need to go at it alone. Start your free trial today, and see for yourself how 5i Research can help you elevate your Investment Game. 

Free Trial Button

 

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