5 from 5i: Where (and Why) economics went wrong

Barkha Rani Jul 23, 2021
Headline image for 5 from 5i: Where (and Why) economics went wrong

Market View

Major US indices rose after upbeat quarterly results from Johnson & Johnson, Harley Davidson, and Intel. European Central Bank continued the dovish stance by pledging continued monetary support, which lifted riskier equities. Gold traded range-bound this week as the US dollar strengthened. Oil prices remain unchanged as supply is expected to remain tight while demand recovers. The Canadian dollar was 79.49. U.S. S&P500 ended the week up 2.5%, while the TSX ended the week up 1.7%.

It was a week of mixed returns this week. Technology added 5.6%, while consumer discretionary gained 2.7%. Energy inched up 2.7% as well, while financial and healthcare both ended the week up 0.7%. Telecommunications slid 1.2%, while consumer staples ended the week flat. The most heavily traded shares by volume were Royal Bank of Canada, MEG Energy, and Bank of Montreal.

5 from 5i

Here are five reads we found interesting last week:

Happy Reading & Stay Safe!


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



Login to post a comment.

No comments have been posted yet.