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This week, we discuss the fascinating drama that has led to a massive short squeeze in some pockets of the global equity market, as well as further progress in North America on the Covid front. We finish with a preview of the inflation conundrum.
Much of the world was understandably focused on the inauguration of the 46th President of the United States, Joe Biden. He was quick to implement a few executive orders, one of which has meaningful implications for Canada.
One of the underlying trends that began late last year – so-called “cyclical” stocks leading the market - has remained very much in place to start the year. This presents a tailwind, for now, for the Canadian stock market.
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