Market View

It was mostly a repeat of themes this week including inflation, Russia-Ukraine conflict, interest rates, and commodities rally. Forecasted rising interest rates put pressure on the US dollar, and both oil and gold prices declined this week. The Canadian dollar was 79.82 cents USD. U.S. S&P500 ended the week up 1.3%, while the TSX also ended the week up 0.1%.

Commodity-related sectors were favored more this week as energy rose 3.1%, and materials added 1.7%. The only other sector in the green was healthcare, which gained 6.1% this week. Consumer discretionary gave up 1.7%, while financials slid by 1.3%. Technology and consumer staples declined by less than 1.0%. The most heavily traded shares by volume were TC Energy, Suncor Energy, and Cenovus Energy.

5 from 5i

Here are five reads we found interesting last week:

• 2022: 10 Breakthrough technologies, posted by MIT Technology Review
• A brief history of economic warfare, by Jamie Catherwood of Investor Amnesia
• Here’s where active managers outperform, authored by Hannah Zhang of Institutional Investor
• People are refusing to put their lives on hold, by Sam Ro of TKer
• The US needs a Latin America policy, written by Noah Smith of Noahpinion

Happy Reading & Stay Safe!

Disclosure: The analyst(s) responsible for this report do not have a financial or other interest in securities mentioned.