Market View

TSX index futures were supported today by a slight recovery in cannabis stocks, despite a large swing seen earlier this week. US fiscal stimulus still hovers investors’ minds this week. Gold prices fell while the US dollar saw some strength. The Canadian dollar was 78.57. U.S. S&P500 ended the week up 0.8%, while the TSX ended the week up 0.9%. 

It was a mixed bag of sector returns this week. Healthcare gained 3.3% this week, followed by gains in energy 2%, technology 1.5%, and financials 0.9%. Real estate ended the week up 0.7%, while consumer staples ended the week flat. Consumer discretionary slid 1.2%. The most heavily traded shares by volume were Supreme Cannabis, Zenabis Global, and Organigram Holdings.

5 from 5i

Here are five reads we found interesting last week:

• 2021 US Municipals Outlook, published by Goldman Sachs Asset Management
• J.P. Morgan won active management in 2020. Here’s how they did it, authored by Julie Segal of Institutional Investor
• Twitter/CNN by Scott Galloway
• Speculation & the underdog, by Jamie Catherwood of Investor Amnesia
• A lucid look at the SPAC-craziness: $CCIV deep dive, by “yet another value blogger”

Bonus

• The shocking meltdown of Ample Hills – Brooklyn’s hottest ice cream company, written by Courtney Rubin of Marker

Happy Reading & Stay Safe!

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