Market View

The US Producer Price Index (PPI), which tracks price changes companies experience at the wholesale level, increased 3.3%, up from 3% in November, but still less than economists expected. On the other hand, the US Consumer Price Index (CPI) rose 2.9 percent over the prior year in December, a slight uptick from November’s 2.7 percent gain, but still less consensus estimate. The Canadian dollar was 69.45 cents USD. The U.S. S&P500 ended the week up 4.0%, while the TSX was up 1.8%.

All but one sector rose this week. Technology gained 4.2%, while financials added 3.0%. Industrials and materials added 1.7%, each. Real estate and consumer discretionary added 1.3% and 0.8%, respectively. Consumer staples ended the week flat, while energy gave up 3.3%. The most heavily traded shares by volume were Canadian Natural Resources, Toronto-Dominion Bank and Royal Bank of Canada.

5 from 5i

Here are five reads we found interesting last week:

• How to Pay Next-to-Nothing in Taxes During Retirement, written by Ben Carlson of Ritholtz Wealth Management LLC
• Should You Turbocharge Your Retirement Savings?, by Amy C. Arnott of Morningstar
• Historical Returns For Stocks, Bonds, Cash, Real Estate and Gold, published by Ben Carlson of Ritholtz Wealth Management LLC
• The 2024 Sector Quilt, written and published by Ben Carlson of Ritholtz Wealth Management LLC
• Value of U.S. spinoff IPOs, published by Michael Flaherty Axios

Happy Reading & Stay Safe!

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