Market Update:

The Bank of England maintained its interest rates at a 16-year high of 5.25%, edging closer to a rate cut as early as June. On the other hand, the U.S. Labor Department reported the jobless-benefit claims of 231,000 in the week ending May 4, the highest level in nine months, compared to the estimate of 214,000. The Canadian dollar was 73.06 cents USD. The U.S. S&P500 ended the week up 1.6%, while the TSX was up 2.3%.

All but one sector rose this week. Materials and energy added 5.0% and 3.3%, respectively, while industrials gained 2.7% and financials added 2.4%. Consumer staples and real estate edged up 1.5%, each, and consumer discretionary rose 1.3%. Technology ended the week gave up 2.3%. The most heavily traded shares by volume were Athabasca Oil, B2Gold and Argonaut Gold.
Unlock Premium - Try 5i Free

Markets starting to become confusing to bear investors. Done Jones closed up for 8th straight day in a row (up ~100 points today). Investors realizing public figure statements are not to be trusted as accurate all of the time. US Fed viewpoints are far from certain. Predicting US Fed "hawkish" stance will be pushed in order to to cool markets. Cool economy will allow US Fed to cut rates. US Fed Chairman - J Powell is very capable which is encouraging. Upcoming earnings from "Blue Chip "companies like Home Depot will be indicative of economy. CPI reports the most visible reading on markets - upcoming reports will be closely watched. 

Approaching record territory for S&P 500. Copper & gold prices remain strong, while oil prices have fallen off a little bit. Energy stocks gaining strength as the market broadens out. Large Canadian banks are at bargain levels prices for investors. Expecting gains for large Canadian banks going forwards. High multiple stocks like Meta are experiencing large amounts of volatility. Strong results from major tech stocks is propping up highly valued stock market. Perhaps money is starting to rotate out of FANG, into more companies throughout the economy. 

Absolutely. It may not be a situation where the whole business is in jeopardy. But again, you have to decide where is your capital going to be treated best? Sometimes best to just sell at your stop loss and move on.