It was looking like a flat week for markets until the US Jobs report showed that non-farm payrolls rose by 255,000 in July, far outpacing expectations for a gain of 180,000. The S&P 500 reached its ninth record intraday high since July. The chances of a FED rate hike doubled to 18 percent for September after the jobs report and rose to about 46 percent from 29 percent for December. Earnings season continues and one of this week's big 'winners' was Shopify. The cloud-based, omni-channel commerce platform, posted across-the-board upside. Below are a few stories that caught our eyes this week:
1. Is leverage coming back to haunt retail investors?
2. Investors are fleeing inverse ETFs.
3. Beutel sees value in Canadian banks and blames US short-sellers
4. Picking Clinton or Trump stocks? Remember Brexit first.
5. Daily resets and cost structures limit investment potential of leveraged ETFs. And a fun note on millenials.
ICYMI, Peter Hodson was on BNN Market Call talking stocks and markets.
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