Market View

Oil surged 5% as President Trump announced sanctions on Russia’s biggest oil companies. On the other hand, the U.S. Consumer Price Index (CPI) rose 3% in September, less than expectation of 3.1%, keeping the Federal Reserve on track for another interest rate cut. The Canadian dollar was 71.31 cents USD. The U.S. S&P 500 ended the week up 1.5%, while the TSX was up 0.2%.

It was a mixed week of greens and reds. Energy gained 3.3%, while technology rose 2.6%. Financials edged up by 1.6%, while consumer discretionary and real estate gained 1.3%, each. Industrials ended the week up by 0.7%. On the other hand, materials slid by 6.7%, while consumer staples gave up 1.1%. The most heavily traded shares by volume were Bank of Montreal (BMO), Shopify (SHOP) and Celestica (CLS).

5 from 5i

Here are five reads we found interesting last week:

• When Should You Sell a Stock?, published by Ben Carlson of Ritholtz Wealth Management LLC
• The Myth of the Stock-Picker’s Market, by Amy C. Arnott of Morningstar
• All the Money, None of the Satisfaction, published by Nick Maggiulli of Of Dollars and Data
• House Rich Millionaires, written by Ben Carlson of Ritholtz Wealth Management LLC
• Why I Don’t Own Any Gold, published and written by Ben Carlson of Ritholtz Wealth Management LLC

Happy Reading & Stay Safe!

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