Market View
Investors await key US inflation data and indications from the Federal Reserve regarding the direction and velocity of stimulus tapering. North American indices saw some rebound this week. Gold prices fell this week, while oil prices gained. The Canadian dollar was 78.61 cents USD. U.S. S&P500 ended the week down 2.4%, while the TSX ended the week down 3.5%.
Most sectors turned green this week. Consumer staples gained 2.7%, while consumer discretionary added 2.3%. Energy edged up 2.1%, and financials added 0.9%. The most heavily traded shares by volume were Baytex Energy, Kinross Gold, and Suncor Energy.
5 from 5i
Here are five reads we found interesting last week:
- Crypto Investing – A new investor’s guide, authored by Steven Ehrlich of Forbes
- Without Dorsey, can Twitter finally flourish? By Lizzie O’ Leary of Slat.com
- The Amazon empire strikes back, written by Ben Thompson of Stratechery
- Casper: an autopsy, posted on Below the Line from Kevin LaBuz
- ARK Launches ‘Transparency’ ETF, by Dan Mika of ETF.com
Happy Reading & Stay Safe!
Disclosure: The analyst(s) responsible for this report do not have a financial or other interest in securities mentioned.
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