Market View

U.S. President Trump announced a 90-day pause on reciprocal tariffs for various trade partners while continuing to put levies on imports from China to 125%. On the other hand, the U.S. Consumer Price Index (CPI) in March came at an annualized rate of 2.4 percent compared to the prior year, better than expected of 2.5 percent, representing the slowest pace of price rise in four years. The Canadian dollar was 71.86 cents USD. The U.S. S&P500 ended the week up 6.4%, while the TSX was up 1.1%.

Another week of greens and reds mixed. Materials added 12.4%, while technology added 2.9%. Industrials and utilities gained 1.6% and 0.1%, respectively. On the other hand, Energy ended the week down 4.5%. Real estate edged lower by 3.3%, while consumer staples and consumer discretionary gave out 0.7%, each. The most heavily traded shares by volume were Toronto-Dominion Bank (TD), Bank of Montreal (BMO), and Shopify (SHOP).

5 from 5i

Here are five reads we found interesting last week:

• How Long Does it Take for the Market to Recover?, published by Nick Maggiulli of Of Dollars and Data
• This Is What Real Market Uncertainty Looks Like, by Tom Lauricella of Morningstar.
• US Treasuries Sell Off as Trade War Calls Haven Status Into Question, by Sara Silano of Morningstar.
• How to Survive Chaotic Markets, published by Ben Carlson of Ritholtz Wealth Management LLC
• How a game of broken telephone added then subtracted $4 trillion in market value, written by J. Edward Moreno of Sherwood News

Happy Reading & Stay Safe!

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