Market View
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) delayed the plan to increase production due to weak global demand, helping stabilize oil prices in the range of $70-$80. The US 30-year fixed-rate mortgage increased to 6.84% as investors fear President-elect Donald Trump’s policies of higher tariffs on imported goods could reignite inflation. The Canadian dollar was 71.48 cents USD. The U.S. S&P500 ended the week up 0.6%, while the TSX was up 1.5%.
A lot more greens this week than reds. Materials and energy gained 5.1% and 2.6%, respectively. Technology added 0.9%, while consumer discretionary and industrials edged up by 0.5%, each. Financials and real estate ended the week flat, while consumer staples gave 1.2%. The most heavily traded shares by volume were Suncor Energy, Enbridge, and Canadian Natural Resources.
5 from 5i
Here are five reads we found interesting last week:
- The Miracle of U.S. Equities, published by Ben Carlson of Ritholtz Wealth Management LLC
- How Millennials Are Rewriting the American Dream, written by Luke Kawa of Sherwood News
- The Things You Can’t Buy, published by Nick Maggiulli of Of Dollars and Data
- Investment Advisors Embrace ETFs, published by Georgina Tzanetos of RIAIntel.
- Is Fed Policy Still Too Tight?, written by The Capital Spectator
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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