Market View

The first Presidential week for Biden was a busy one as he plans to sign two executive orders pertaining to pandemic stimulus checks. Oil fell as pandemic restrictions in China were announced, and gold prices slipped. The Canadian dollar was 78.71. U.S. S&P500 ended the week up 1.5%, while the TSX ended the week down 0.2%.

The week ended with a lot more reds than greens. Consumer staples and energy slid by 2.7% and 1.9%, respectively. Financials and industrials slipped by 1.5%, each. Technology gained 3.4%, while healthcare ended the week flat after double-digit gains over the past few weeks. The most heavily traded shares by volume were Bombardier Inc, BlackBerry Limited, and Athabasca Oil Corp.

5 from 5i

Here are five reads we found interesting last week:

• US fund flow records fell in 2020, by Tony Thomas and Supreet Grewal of Morningstar
• History of machine learning in finance and economics, written by Derek Snow of the Parlour
• Why ESG funds fail to scale, authored by Gabriel Karageorgiou and George Serafeim of Institutional Investor
• Crypto firm Grayscale reports record AUM for 2020, by Rakesh Sharma of Investopedia
• Fox decision to buy Tubi cost them over $2 billion, written by Jason Gurwin of the Streamable

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. 

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