Market View
Iran’s comments, Ukraine-Russia conflict, and inflation clouded investor sentiment this week. The US dollar edged up, while gold prices steadied, and oil prices declined. The Canadian dollar was 78.73 cents USD. U.S. S&P500 ended the week down 1.5%, while the TSX ended the week down 2.2%.
Most of the sector ended flat or in red this week. Both healthcare and technology gave up a 7%, each, while financial and energy slid by 2.7%, each. Consumer discretionary edged down 1.8%. The most heavily traded shares by volume were Barrick Gold, Bombardier Inc, and Kinross Gold.
5 from 5i
Here are five reads we found interesting last week:
- Why some fund managers have to bet against Apple and Microsoft stock, authored by Jack Shannon of Morningstar
- Is the bond bear market over? By Cullen Roche of Pragmatic Capitalism
- Shopify is investing in the future. But is it spending on the right things? Posted on protocol.com
- Music royalties are king in the search for yield, by Nic Millikan of the CAIA association
- Disney is developing planned communities for fans who never want to leave its clutches, by James Vincent of the Verge
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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