In today’s briefing:
- Fabricated Knowledge Quarterly Review
- Ohayo Japan | US Stocks Tumble
- Junior Copper Miners: An Update After 1Q24
Fabricated Knowledge Quarterly Review
- This is the first edition of a quarterly summary piece to highlight my ideas and best pieces quarterly.
- This is one of the 16th-best quarters in SOXX since 2002. While it’s a pretty solid showing at a 17% quarterly return, this doesn’t compare to the incredible returns in 2020 and 2023.
- Now, the misleading thing is that SMH, a broader ETF, is up 30%.
Ohayo Japan | US Stocks Tumble
- Stocks closed lower for a second consecutive day as the Dow Jones Industrial Average fell 1% to settle at 39,170.24
- Workers at Japanese small and midsize manufacturers secured record wage hikes averaging 4.12% this year, influenced by wage increases exceeding 5% at larger firms
- Fast Retailing Co Ltd (9983) reports a 1.5% decline in UNIQLO same-store sales in Japan for March, attributed to cooler temperatures impacting spring clothing sales
Junior Copper Miners: An Update After 1Q24
- Our insight 2024 High Conviction: Junior Copper Miners garnered significant interest in late 2023, we hereby provide an update on our favorite junior copper names.
- Copper prices have started to to tick up (+5% YTD) on the back of gold making new all-time highs late in 1Q24, and more importantly squeezed global supply.
- Entree Resources (ETG CN) has performed strongest +22% while Arras Minerals (ARK V EQUITY) has been a laggard at -18% YTD.
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