Market View

Minutes from last Federal Reserve meeting signaled that interest rates would remain higher for longer. An expected rise in US inventories pushed down Brent crude prices. The Canadian dollar was 73.45 cents USD. The U.S. S&P500 ended the week down 2.6%, while the TSX was down 1.6%.

This week had more reds than greens. Technology slid by 3.5%, while financials gave up 1.4%. Consumer discretionary ended the week down 0.9%, while healthcare and energy both slid by 0.7%. The most heavily traded shares by volume were Suncor Energy, Manulife Financial, and Athabasca Oil.

5 from 5i

Here are five reads we found interesting last week:

• The 2023 Credit Suisse Global Investment Returns Yearbook
• Can the fed bring inflation down alone? By Claudia of Stay-at-home macro
• Netflix is lowering prices in dozens of countries – but not the US, authored by Emma Roth of the Verge
• Why are bonds selling off again? By Lauren Solberg and Katherine Lynch of Morningstar
• REITs can hedge inflation – but not during a market crisis, written by Alicia McElhaney of Institutional Investor

Happy Reading & Stay Safe!

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