Market View 

The U.S. Consumer Price Index (CPI) came in hotter than expected in January, increasing 3.0 percent compared to the consensus of 2.9 percent, which slightly complicates the Fed’s plan. In addition, the U.S. Producer Price Index (PPI) advanced 3.5% after increasing by a similar margin in December, offering more evidence that inflation was on a trend to pick up again. The Canadian dollar was 70.46 cents USD. The U.S. S&P500 ended the week up 0.5%, while the TSX was up 0.6%.

It was a mixed week of greens and reds. Energy rose 1.8%, while technology gained 1.5%. Materials added 1.1%. Real estate and industrials slid by 0.5%, each, while consumer staples and financials gave up 0.4% and 0.2%, respectively. Consumer discretionary ended the week flat. The most heavily traded shares by volume were Royal Bank of Canada (RY), Sun Life Financial (SLF), and Suncor Energy (SU).

5 from 5i

Here are five reads we found interesting last week:

• Is $1 Million Still a Lot of Money?, published by Nick Maggiulli of Of Dollars and Data
• Simple Explanations to Complex Topics, published by Ben Carlson of Ritholtz Wealth Management LLC
• Broken Markets!?, written and published by The Brooklyn Investor
• The U.S. Housing Market vs. The Australian Housing Market, written by Ben Carlson of Ritholtz Wealth Management LLC
• The Long-Term Depends on Your Time Horizon, 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.