Market View

Oil rose after the announcement that the Iranian state-owned oil tanker was struck by missiles in the Rea Sea. Investors sighed relief after high possibility of a breakthrough in the US-China trade talks. Britain moves closer to an exit from the EU. Canadian dollar was 75.28 cents. U.S. S&P500 was up 1.3% this week and TSX was up 0.4%.

It was a week of reds this week. Healthcare slid the most by 7.4%, as cannabis stocks were hit hard following some quarterly results. Energy slipped by 3.2%, Consumer Staples by 1.5%, and Materials by 1.3%. The most heavily traded shares by volume were Aurora Cannabis, The Green Organic Dutchman Holdings and First Quantum Minerals.

5 from 5i

Here are five reads we found interesting last week:

-The advice about diversification doesn’t change

-Fiscal stimulus

-Should we care about impeachment?

-Decline in IPOs

-Can low-volatility and options-based strategies be combined?

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Disclosure: The author does not hold positions in any stocks or funds mentioned.