Market View
US Senate approved a budget blueprint to advance Biden’s $1.9 trillion COVID aid package. Oil prices rose as OPEC and its allies extended the oil supply pact at existing levels tightening the oil supply. Gold prices rose while the US dollar slipped. The Canadian dollar was 78.19. U.S. S&P500 ended the week up 4.2%, while the TSX ended the week up 3.5%.
All sectors gained this week. Healthcare gained the most, at 10.7%, followed by energy, and technology which gained 8.5%, and 5.3%, respectively. Consumer discretionary jumped 5.2%, while industrials rose 4.4%. Consumer staples and telecommunications rose in the low 2% range. The most heavily traded shares by volume were Supreme Cannabis, Athabasca Oil Corp, and Enbridge Inc.
5 from 5i
Here are five reads we found interesting last week:
- The S&P500 index out-performed hedge funds over the last 10 years, and it wasn’t even close, authored by Mark Perry of AEI
- What do short-sellers really do? By Noah Smith of Noahpinion
- The biggest risk is rising interest rates, as said by Howard Marks when interviewed by Christoph Gisiger of the market
- The store of value generation is kicking your ass and you don’t even know it, by Mark Cuban on blog maverick
- How the most hyped US oil merger in a decade went bust, written Mimi Swartz by on Texas Monthly
Bonus
Happy Reading & Stay Safe!
Thinking about becoming a 5i Research Member?
Do your 2021 goals include growth in your DIY Investments? If so, no need to go at it alone. Start your free trial today, and see for yourself how 5i Research can help you elevate your Investment Game.
Disclosure: Please note that the author does not hold a financial or other interest in stocks or funds mentioned.
Comments
Login to post a comment.