Market View

US initial jobless claims fell again and remained under 200,000. 10-year yield hits 4%, the highest since the start of the year. This month, the amount of Russian oil imported by China reached an all-time high according to data on the movement of tankers. The Canadian dollar was 73.44 cents USD. The U.S. S&P500 ended the week up 1.6%, while the TSX was up 1.8%.

It was a mixed week of greens and reds. Energy rose 4.7%, while technology gained 2.7%. Industrials added 1.6% while consumer discretionary edged up by 0.7%. Healthcare slid by 2.2%, while consumer staples gave up 0.9%. The most heavily traded shares by volume were Athabasca Oil, Baytex Energy, and Suncor Energy.

5 from 5i

Here are five reads we found interesting last week:

• Are we headed for a recession or not? By Santul Nerkar and Amelia Thomson-DeVeaux of FiveThirtyEight
• Berkshire’s Annual Letter to Shareholders
• The road to disinflation, authored by Joseph Politano of Apricitas Economics
• Would you trade places with Warren Buffett? Written by Owen Stoneking of the Long Run
• All the recessions that didn’t happen, by Rick Newman of Bloomberg

Happy Reading & Stay Safe!

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