Market View

The Producer Price Index (PPI) in the US rose 2.2% in April, coming in line with market expectations, indicating rate cut may eventually come as inflation gets back to the target level. In addition, the US inflation eases as the consumer price index (CPI) rose 3.4% in April, in line with expectation but down from 3.5% last month, marking the smallest increase since 2021. The Canadian dollar was 73.5 cents USD. The U.S. S&P500 ended the week up 1.2%, while the TSX was up 0.3%.

It was a mixed week of greens and reds. Materials rose 2.6%, while financials and technology gained 0.5% each. Consumer discretionary edged up by 0.2%. Industrials slid by 1.3%, while energy and real estate gave up 0.8% and 0.3%, respectively. Consume staple ended the week flat. The most heavily traded shares by volume were Tilray Brands, Fission Uranium, and Bitfarms.

5 from 5i

Here are five reads we found interesting last week:

• Inflation is Cooling, written and published by Michael Batnick of The Irrelevant Investor
• 3 Assets That Might Not Diversify as Well as You Think, by Amy C. Arnott of Morningstar
• What Stagflation?, written by Barry Ritholtz of Ritholtz Wealth Management LLC
• Take It From Warren Buffet: Misses Are Inevitable, by Danny Nooran of Morningstar
• Diversification is About Decades, published by Ben Carlson of Ritholtz Wealth Management LLC

Happy Reading & Stay Safe!

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