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US Dollar Index Continuous Contract (DX2.F) & Crude Oil Continuous Contract (CL.F)

On the surface, it has been a better week for equity markets, particularly in the US and Europe, which finished January and started February off with strong rebound rallies. It remains unclear at this point, whether this upswing is the start of a significant turnaround for stocks or if it is a relief rally within an emerging downtrend. In this issue of Equity Leaders Weekly, we look at the implications across asset classes of a rising US Dollar, and at recent activity in energy markets.

Russell 2000 Index (RLS.I) & CBOE 10-Year Interest Rate Continuous Contract (TNX.I)

It has been a tumultuous week for equity markets with several large intraday swings indicating a volatile environment. The prospect of interest rate increases in both the US and Canada, with both the Fed and the Bank of Canada hinting that they could start raising rates at their next meetings in March, sent investors fleeing from risk markets into defensive havens. In this issue of Equity Leaders Weekly, we take a look at the implications of a breakdown by the Russell 2000, and at the recent rise in US traded interest rates.

NASDAQ Composite Index (NASD.I) & Emerging Resource Markets: iShares Latin America 40 ETF (ILF) and iShares MSCI Russia ETF

Although signs of distribution in equities have been emerging for several weeks, in the last week, downturns have become more decisive with breakdowns by the NASDAQ Composite indicating weakness in technology/communications stocks, and by the Russell 2000 indicating a broad-based aversion to small caps intensifying. In this issue of Equity Leaders Weekly, we dig deeper into the technology sector downturn, and at capital rotation into resource-sensitive emerging resource markets.

Sector Scopes Monthly Review & High Grade Copper Continuous Contract (HG.F)

BMO Equal Weight Oil & Gas Index ETF* (ZEO.TO) & iShares Expanded Technology-Software Sector ETF (IGV)

This year’s New Year’s rally, which extended the Santa Claus Rally that ran through the last ten days of 2021, has quickly come to a screeching halt. Investors appear to have quickly recognized that many of the issues which plagued sentiment in late November and early December not only haven’t gone away, they may actually be worsening. In this issue of Equity Leaders Weekly, we contrast recent action in the software and energy sectors as examples of rotation between equity market groups.

Dow Jones Utilities Average (DUX.I) & iShares MSCI United Kingdom ETF (EWU)

The Santa Claus Rally which started last week, has continued into this week but the initial rebound momentum has slowed. In this issue of Equity Leaders Weekly, we look at recent action in the Utilities sector and renewed interest in the UK market.

SPDR S&P Retail ETF (XRT) & Lumber Continuous Contract (LB.F)

It has been another week of mixed action for equities and commodities. Stock markets in North America, Germany, and Japan retreated for much of the last week, then bounced back yesterday. In this issue of Equity Leaders Weekly, we look at recent action in the price of Lumber, and at how the retail sector has been reflecting changes in investor sentiment.

Sector Scopes Monthly Review & iShares MSCI ACWI ex US Index Fund (ACWX)

In this issue of Equity Leaders Weekly, we take our monthly look at Sector Scopes and investigate recent action in international markets.

Crude Oil Continuous Contract (CL.F) & BMO Long-Term US Treasury Bond Index ETF (ZTL.NEO)

The cautious turn in sentiment highlighted in last week’s edition of the Equity Leaders Weekly has accelerated in the last week with capital fleeing from equities and commodities and moving back into defensive havens including US bonds, the Japanese Yen, and gold. In this issue of Equity Leaders Weekly, we look at the state of the oil market amid recent volatility and at renewed interest in US bonds.

BMO Equal Weight Banks Index ETF (ZEB.TO) & Platinum Continuous Contract (PL.F)

The tone of equity market trading over the last week or so has shifted from enthusiasm to caution. Part of this may be due to the usual US Thanksgiving week slowdown in trading activity but other factors appear to be at work as well. In this issue of Equity Leaders Weekly, we preview Canadian bank earnings week and what the price of platinum may be telling us about the future of the auto sector.

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