Market View

US Core and headline consumer inflation came in lower than expected in October, fueled by lower user car and truck prices, cheaper airfare and health insurance costs driving investor sentiment this week. Commodities saw a surge this week as the largest consumer China eased some of its COVID restrictions. The Canadian dollar was 75.31 cents USD. The U.S. S&P500 ended the week down 5.5%, while the TSX ended the week up 3.0%.

Several sectors saw positive reversals this week. Technology and healthcare ended the week up 9.7% and 8.4%, respectively. Financials gained 3.2%, while consumer discretionary added 1.8%. Consumer staples edged up 1.8% while industrials added less than 1.0%. Energy slid by 0.9%. The most heavily traded shares by volume were Algonquin Power & Utilities Corp, Aurora Cannabis, and Canopy Growth.  

5 from 5i

Here are five reads we found interesting last week:

• Are bonds a better bet than stocks right now? By Lauren Solberg of Morningstar
• Yield is for farmers, authored by Rubin Miller of Fortunes & Frictions
• October CPI report, published on the Bonddad Blog
• Harvesting the fall: why I sold all my bonds, published on Portfolio Charts
• Quality time in small cap, written by Hassan Chowdhry and James Mendelson of GMO

Happy Reading & Stay Safe!

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