Market View

Major North American indices took a breather today following a nice rally throughout the week helped by the vaccine optimism. Gold crossed $1,900 and oil rose to its highest in nine months. The Canadian dollar was 78.24. U.S. S&P500 ended the week up 0.5%, while the TSX ended the week flat.

Technology and consumer discretionary rose by 3.5% and 2.3%, respectively. Energy slid by 5.0%, followed by financials by 1.8%. Consumer staples and healthcare slipped 1.1%, each. Industrials ended the week flat. The most heavily traded shares by volume were Toronto-Dominion Bank, Blackberry, and Suncor Energy.

5 from 5i

Here are five reads we found interesting last week:

• When stocks moon, authored by George of Upslope Capital Management
• Toyota’s game-changing solid-state battery en route for 2021 debut, posted on Nikkei Asia
• Supercharging your financial bullshit detector, posted by Jacob Schroeder of Incognito Money Scribe
• Long Read: The economic consequences of major tax cuts for the rich, authored by David Hope and Julian Limberg of London School of Economics
• WeWork’s mad messiah, by Daniel Kalder of UnHerd

Happy Reading & Stay Safe!

The weekly blog will not be published through the holiday season. Service will resume January 8, 2021. Season greeting and Happy Holidays.

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