Market View

Russia will reduce its oil output by 500,000 barrels per day in March, nearly 5% of Russia’s most recent crude oil output. Treasury yields rose this week putting pressure on North American equities. The Canadian dollar was 74.89 cents USD. The U.S. S&P500 ended the week down 1.0%, while the TSX was up -0.4%.

A week of mixed bag including an 8.5% drop in healthcare and a 5.7% drop in consumer discretionary. Technology gave up 2.1%. Energy and consumer staples added 4.0% and 2.1%, respectively. Financials ended the week relatively flat. The most heavily traded shares by volume were Auxly Cannabis Group, Athabasca Oil Corp, and Tamarack Valley Energy.

5 from 5i

Here are five reads we found interesting last week:

• The US yield curve spread and recent recessions, by Richard Salsman of Investor Alert
• Here’s why the illiquidity premium is a bad reason to invest in PE, written by Julie Segal of Institutional Investor
• Who owns the generative AI platform? By Matt Bornstein, Guildo Appenzeller, and Martin Casado of Andreessen Horowitz
• Six types of wealth, published on Young Money by Jack Raines
• What businesses do > what businesses say, authored by Sam Ro of TKer

Happy Reading & Stay Safe!

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