Market View

The US’s Consumer Price Index (CPI) falls for the first time since 2020 to an annualized rate of 3.0%, a deceleration from May’s 3.3% annual gain in prices. On the other hand, oil prices swung in a narrow range around $82 as demand for fuel consumption strengthened. The Canadian dollar was 73.40 cents USD. The U.S. S&P500 ended the week up 0.9%, while the TSX was up 0.8%.

All but one sector rose this week. Real estate and materials added 3.3% and 2.6%, respectively, while consumer discretionary and consumer staples added 1.8%, each. Financials rose 1.2%. Industrials and technology ended the week flat while energy gave up 2.1%. The most heavily traded shares by volume were Baytex Energy, Fission Uranium, and Toronto-Dominion Bank.

5 from 5i

Here are five reads we found interesting last week:

• Why International Investing Makes Sense for Long-Term Investors, by John Rekenthaler of Morningstar
• Buying a House at the Top of the Market, written by Ben Carlson of Ritholtz Wealth Management LLC
• 10 Money Tips You Should Know & do Before You Die, published by Darnell Mayberry of Money Talks
• Passive Investing’s Impact Has Been Overblown, But It’s Not Negligible, published by Michael Thrasher of Institutional Investor
• Why Don’t We Build More Housing?, published by Ben Carlson of Ritholtz Wealth Management LLC

Happy Reading & Stay Safe!

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