5 from 5i: US fund flow records fell in 2020

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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:

 

Happy Reading & Stay Safe!

 

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