Daily Brief Thematic (Sector/Industry): Ohayo Japan | Escalating Tensions and more

• The Dow Jones Industrial Average marked its sixth consecutive decline amidst fears of further conflict escalation
• The yen slipped to the mid-154 range against the dollar on Monday, marking its lowest level since June 1990
• Sony Group is preparing to unveil a more potent PS5 console, possibly by the end of this year.

• Zooming out first for a big picture perspective – helpful away from the news & chatter:
• Bears Make Headlines & Lose Money, Bulls Make Money! As always … !
• The bear case sounds very smart very often, only problem is, it’s quite rarely right … !

• The conversation revolves around the significant energy consumption of AI data centers and the potential consequences of this trend
• Tech companies are facing the challenge of balancing their energy needs with their sustainability commitments
• Brian Janus, a former energy hire at Microsoft and now co-founder of Cloverleaf Infrastructure, provides insight into this issue and potential solutions

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• The last week of SPACs was packed with deals, IPOs, and other activity.
• A SPAC is set to take a hotel chain public, and another blank-cheque firm is set to merge with an investment platform.
• Also, the former CEO of a SPAC merging with Trump’s social media company sues the firm while a serial SPAC sponsor loses half his fortune as dealmaking slows down.

• The WTR Sustainable Index was up down 2.0% W/W versus the S&P 500 Index (down 1.6%), the Russell 2000 Index (down 2.9%), and the Nasdaq Index (down 0.6%).
• Energy Technology (12.4% of the index) was down by 4.6%, while Industrial Climate and Ag Technology (57.1% of the index) was down by 1.9%, ClimateTech Mining was up 0.1%, and Advanced Transportation Solutions (24.1% of index) was down 2.2%.
• Top 10 Performers: WAVE, AMRS, ZEV, TPCS, KULR, VIEW, CRGE, NHHH, EAF, AGX