5 from 5i: These factors outperform when the dollar appreciates

Barkha Rani Aug 12, 2022
Headline image for 5 from 5i: These factors outperform when the dollar appreciates

Market View

North American indices saw relief from negative market sentiment after the US reported slower than expected inflation in July (0% month-over-month). Investors now hope that the central banks can be less aggressive in raising interest rates. The US dollar steadied this week, while gold and oil prices fell. The US dollar rose slightly while gold and crude oil prices slipped. The Canadian dollar was 78.24 cents USD. The U.S. S&P500 ended the week up 2.4%, while the TSX ended the week up 2.3%.


All but two sectors swung into positive territory this week. Energy and materials gained 6.8%, and 4.0%, respectively, followed by healthcare at 3.4%, financials at 2.6%, and consumer discretionary at 2.2%. Technology ended the week down 1.0%, and industrials closed flat. The most heavily traded shares by volume were Enbridge Inc, Manulife Financial Corp, and Baytex Energy.

5 from 5i

Here are five reads we found interesting last week:

Happy Reading & Stay Safe!


Disclosure: The analyst(s) responsible for this report do not have a financial or other interest in securities mentioned.



Login to post a comment.

No comments have been posted yet.