Market View

Global supply chains came into focus this week as a large container ship got and remains stuck in the Suez Canal. The Bank of Canada acknowledged the frenzy Canadian housing markets and is monitoring the country’s red-hot housing market closely. The US Federal Reserve sees inflation at 2.5% this year, easing slightly in 2022. The US dollar gained while gold prices steadied. U.S. S&P500 ended the week up 0.5%, while the TSX ended the week down 0.9%.

It was a week of mostly reds with healthcare giving up nearly 6.6% this week. Technology and materials followed by declining 3.5%, each. Energy slipped by 1.4%, while consumer staples gained 1.0%. The most heavily traded shares by volume were Telus Corp, Gear Energy, and Bombardier Inc.

5 from 5i

Here are five reads we found interesting last week:

• The Revised Psychology of Human Misjudgment, by Charlie Munger posted on fs blog
• Power to the person, posted on Not Boring by Packy McCormick
• Target-date funds exploit their investors’ long time horizons, by Massimo Massa, Rabih Moussawi, and Andrei Simonov of Institutional Investors
• Too much, too soon, too fast, by Morgan Housel of Collaborative Fund
• The dollar, long and short, published by DataTrek

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.