Market View

The S&P500 and the S&P/TSX Composite Index touched yet another record high this week while inflationary fears hung over investors. The US dollar declined against the basket of world currencies. The Canadian dollar was 81.12. U.S. S&P500 ended the week up 1.7%, while the TSX ended the week up 1.4%.

It was a mixed bag of returns this week. Healthcare rose by 3.1%, followed by financials, which added 2.2%. Energy inched up 1.7%, while technology gained 1.5%. Consumer discretionary gave up 1.4%, while telecommunications edged downwards by 0.8%. The most heavily traded shares by volume were Bombardier Inc, B2Gold, and Denison Mines.

5 from 5i

Here are five reads we found interesting last week:

• Paying the COVID bill, authored by Matthew Klein of the Overshoot
• Ten truths about the stock market, by Sam Ro of TKer of Sam Ro
• Managers have more assets under management than ever before – but alternatives are driving the business, published by Jessica Hamlin of Institutional Investor
• Long read: Inflation in the 21^st century, by Daniel Alpert of Cornell Research  Academy  of Development, Law, and Economics (CRADLE)
• Long read: Ordering in: the rapid evolution of food delivery, by Kabir Ahuja, Vishwa Chandra, Victoria Lord, and Curtis Peens of McKinsey & Company

Happy Reading & Stay Safe!

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