5 from 5i: Why stocks rally when everything else is getting worse

Barkha Rani Nov 04, 2022
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Market View


The US central bank’s policy committee raised its target interest rate by 0.75 percentage points this week, its sixth increase of 2022 and fourth straight 0.75 percentage-point bump. The Fed-funds rate target range now stands at 3.75% to 4.00%. Chairman Jerome Powell indicated higher interest rates that might need to stay for longer than expected. The Canadian dollar was 73.93 cents USD. The U.S. S&P500 ended the week down 4.2%, while the TSX ended the week nearly flat.


It was a week of mixed returns. Energy gained just over 5.0% this week, followed by consumer discretionary, which added 1.7%. Financials and industrials ended the week relatively flat. Technology and consumer staples gave up 6.1% and 1.4%, respectively. The most heavily traded shares by volume were Baytex Energy, Yamana Gold, and Kinross Gold.  

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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