Market View

Major North American indices had a mixed week. Oil prices and gold prices rose while Europe reported upbeat corporate earnings. Wall Street futures were up as investors await US payroll data with an expectation of nearly a million workers hired in April. The Canadian dollar was 82.20. U.S. S&P500 ended the week up 0.8%, while the TSX ended the week up 1.3%.

It was a mixed bag for TSX stocks this week. Energy rose, yet again, this week by 5.7%, followed by telecommunications, which rose 1.6%. Industrials gained 1.3%, while financials added 1.0%. Healthcare slid 8.0% and technology gave up 3.6%. The most heavily traded shares by volume were Enbridge, Trevali Mining, and Manulife Financial.

5 from 5i

Here are five reads we found interesting last week:

• Why alternatives don’t always help diversity, by Amy Arnott of Morningstar
• Stocks, bonds, and higher inflation, by Charlie Bilello of Compound Advisors
• Year-over-year commodity growth could be just hype, posted by Michael Harris of Price Action Lab blog
• Why do fund investors neglect base rate? Written by Joe Wiggins of Behavioural Investment
• How the US won the economic recovery, authored by Dylan Matthews of Vox

Happy Reading & Stay Safe!

Thinking about becoming a 5i Research Member?  

Do your 2021 goals include growth in your DIY Investments?  If so, no need to go at it alone. Start your free trial today, and see for yourself how 5i Research can help you elevate your Investment Game. 

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