Market View

S&P500 jumped to a record this week retreating after 10-year yields rose. Gold declined on continued inflation fears. The Canadian dollar was 80.09. U.S. S&P500 ended the week up 2.1%, while the TSX ended the week up 2.0%.

All sectors gained this week. Healthcare performed the best by rising 9.2%, followed by utilities at 3.8%, and technology at 3.5%. Consumer staples, energy, and materials rose by 3.0%, each. The most heavily traded shares by volume were ClearStream Energy Services, i3 Energy, and Xebec Adsorption.

5 from 5i

Here are five reads we found interesting last week:

• Inflation: the good, the bad, and the transitory, authored by Skanda Amarnath and Alex Williams of Employ America
• On inflation: how inflation drives asset prices and how to predict inflation, by Igor Vasilachi of Verdad
• The Roblox Microverse, posted on the Stratechery
• Supplying demand: the chip shortage in Macro Context, by Skanda Amarnath and Alex Williams of Employ America
• A global semiconductor shortage highlights a troubling trend, authored by Carol Handwerker and published on the conversation

Happy Reading & Stay Safe!

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