Written by: Sid Mohapatra The TSX closed at eight-month highs at 16,686 up 2.5% on a weekly basis with global equities posting the second week of gains on news of a breakthrough on the COVID-19 vaccine. Cyclical sectors that have been negatively impacted by the pandemic and are more sensitive to the reopening of the economy outperformed last week, while sectors that have benefited from the pandemic underperformed. Wall Street surged on Friday as Disney and Cisco’s upbeat results brought the focus back to corporate earnings at the end of a volatile trading week that saw record increases in coronavirus cases and heightened hopes of a working vaccine. The S&P 500 finishing at 3,585 up 2.2% for the week. The third-quarter earnings season is in its final stretch with about 90% of S&P 500 companies having reported so far. Overall profit is expected to fall 7.8% from last year, a … Continue reading MarketWatch Week of Nov 9, 2020