U.S. equities resumed their negative trend this week. Areas of weakness included the information technology and consumer discretionary sectors. Canadian equities also suffered as oil prices continued their retracement. China stayed positive, alongside a slowly recovering economy.
Bond yields continued falling for the second week in a row. The recession narrative, alongside developing expectations that inflation may have peaked, continues to gain traction among investors.
Oil prices continued dropping as economic growth concerns weighed on demand prospects. Gold remained weak. Copper has remained weak as well as it is considered a proxy for global growth expectations.