Market View

It was a week of mixed emotions. US weekly jobless claims dropped below 1 million. China hopes the US cooperates to implement Phase-1 of the trade deal. US companies worried about a WeChat ban. The International Energy Agency (IEA) cut its 2020 oil demand forecast, due to reduced air travel lowering global oil demand this year by 8.1 million barrels per day. The Canadian dollar was 75.52. U.S. S&P500 was up 0.6% this week and the TSX ended the week down 0.4%.

In a surprising turn of events, technology stocks fell the deepest by 6.5%, followed by healthcare at 3.2%. Energy rose by 5.3%, and financials by 4.1%. The most heavily traded shares by volume were Zenabis Global, D-Box Technologies, and Enbridge Inc.

5 from 5i

Here are five reads we found interesting last week:

• Gold's fall won't drive it below $1,700 again, written by David Fickling of BNN Bloomberg
• Which investments benefit from a weaker dollar? by Ben Carlson
• Video gaming growth soars, thanks to the pandemic, written by Sara Fischer and Kyle Daly on axios.com
• Five misconceptions I had about ETFs, written by Jim Wang on Vanguard Blog
• Retail investors have seen huge gains as S&P 500 nears pre-pandemic high, authored by Ethan Wolff-Mann

BONUS: 

• Pedal Pushers: When bikes became the vehicle for a bubble, by @LookoutInvestor

Happy Reading & Stay Safe!

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