Hey there. Commenting on week to week moves here isn't something we really do. We want to drive home a long term investment mentality, and predicting what the up coming week will hold tends to lead to short term decisions and overall mentality.
However, we do have a couple great pieces of content on the state of the markets. They are from earlier in the year, but are still VERY relevant today:
https://www.stocktrades.ca/premium/investing-in-an-overvalued-market/
https://www.stocktrades.ca/premium/market-outlook-for-2021/
https://www.stocktrades.ca/premium/rising-bond-yields-the-current-state-of-the-markets/
Overall though, there is a key driving factor here, and that is bond yields. If bond yields continue to rise and inflationary pressure looms, you're going to see growth stocks impacted.
But the answer from us will always be hold strong companies, and reap the long term benefits. Although blue-chip, stable companies weren't popular in 2020, it is now becoming clear why it's absolutely critical to hold them in your portfolio. Which is why we have things like our Foundational Stocks, and our Dividend Bull Lists.