Market View

Oil prices declined this week as G7 nations looked at a price cap on Russian oil. Gold prices gave up this week, while the US dollar edged upwards. Chinese stocks headed up on a round of property financing support policies. The Canadian dollar was 74.78 cents USD. The U.S. S&P500 ended the week up 1.5%, while the TSX ended the week up 2.4%.

It was a positive but quiet week. Materials added 4.6% this week, while technology, industrials, financials, consumer staples, and energy sectors added just over 2.0%, each. Consumer discretionary gained 0.7% this week. Suncor Energy, Enbridge Inc, and Manulife Financial Corporation were the most heavily traded shares by volume.

5 from 5i

Here are five reads we found interesting last week:

• When do you average down? Authored by John Hempton of Bronte Capital
• What happened at Alameda Research, published on milky eggs
• The rise of influencer capital, written by Malcolm Harris of Intelligencer
• Happy talk, by Jonathan Clements of Humble Dollar
• Eight key takeaway from 20 years of SPIVA (S&P Indices Versus Active) data, posted by TEBI

Happy Reading & Stay Safe!

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