Market View

Oil prices fluctuated as President Trump threatened tariffs on Canada, China and the European Union (EU), renewing a global trade conflict that can put pressure on consumption and growth. On the other hand, President Trump announced a new Artificial Intelligence (AI) infrastructure plan – Stargate, the project is expected to invest up to $500 billion over the next four years to build out the U.S. critical AI infrastructure. The Canadian dollar was 69.63 cents USD. The U.S. S&P500 ended the week up 2.3%, while the TSX was up 1.9%.

All sectors rose this week. Industrials gained 4.2%, while consumer staples added 2.6%. Technology and materials added 2.2%, each. Energy and consumer discretionary added 1.9% and 1.7%, respectively. Financials gained 1.1%, while Consumer staples ended the week slightly up 0.4%. The most heavily traded shares by volume were Bank of Montreal, Canadian National Railway and Royal Bank of Canada.

5 from 5i

Here are five reads we found interesting last week:

• How Often Are We in a Recession or Bear Market?, written by Ben Carlson of Ritholtz Wealth Management LLC
• The Stock Market Is Both a Voting and Weighing Machine, by John Rekenthaler of Morningstar
• The New Currency is Attention, published by Nick Maggiulli of Of Dollars and Data
• The New Housing Market Premium, published by Ben Carlson of Ritholtz Wealth Management LLC
• Investing is Hard, written by Joe Wiggins of Behavioural Investment

Happy Reading & Stay Safe!

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