Market View

Major North American indices slid this week over concerns of a spike in COVID-19 cases. On-again, off-again stimulus talks and upcoming election are recurring themes in the market. Gold slumped while US dollar eased. The Canadian dollar was 75.71. U.S. S&P500 ended the week flat, while the TSX ended the week down 0.6%.

All but one sector rose this week. Industrials gained 1.9% this week, while healthcare and energy declined by 4.2% and 3.1%, respectively. Financials slid by 2.0%. The most heavily traded shares by volume were VIVO Cannabis, Suncor Energy, and Nevada Copper. 

5 from 5i

Here are five reads we found interesting last week:

• Coming into focus, written by Howard Marks of Oaktree Capital
• Netflix has a TV-show problem, by Kim Renfro of Insider
• The company that has a monopoly on ice cream truck music, by Michael Waters of The Hustle
• Wisconsin blames Foxconn, says $3 billion factory deal is off, written by Timothy Lee of ARS Technica
• Future savior or false prophet: Modern Monetary Theory (MMT) examined, by Stephen King of HSBC Global Research 

Bonus

• Charles Schwab is quietly one of the biggest banks in America. That’s a problem, written by Jonathan Kandell of Institutional Investor

Happy Reading & Stay Safe!

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Disclosure: Please note that the author does not hold a financial or other interest stocks or funds mentioned.