5 from 5i: Wall Street's 2022 Outlook for Stocks

Barkha Rani Oct 07, 2022
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Market View


Weaker US economic data earlier this week left investors confident about a pivot from the Federal Reserve from hawkish to less hawkish. However, that quickly changed after a stronger payrolls report from ADP. Oil prices rose as OPEC+ announced the largest supply cut since 2020. The Canadian dollar was 73.05 cents USD. The U.S. S&P500 ended the week up 0.9%, while the TSX ended the week relatively flat.


This week saw a major swing in sentiment ending the week on the weaker side. Energy gained 11.7%, while healthcare, consumer discretionary, and industrials ended the week flat. Consumer staples declined by 1.6%, while technology gave up 0.8%. The most heavily traded shares by volume were Canopy Growth Corporation, HEXO Corp, and Aurora Cannabis Inc.

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.



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