In today’s briefing:
- Ohayo Japan | No Hurry to Cut Rates
- Mining Monthly: March Edition
- Weekly Sustainable Investing Surveyor – Week Ended March 28, 2024
- The Highlights – Cannabis News for the Week Ending March 29, 2024
Ohayo Japan | No Hurry to Cut Rates
- US stocks closed mixed to start the second quarter of 2024 amid rising US treasury yields
- In Japan, 191 companies announced stock splits in the fiscal year, up 60% from last year, aiming to attract retail investors by lowering prices
- Tokyo Electron Ltd. [8035] will provide an additional 590 billion yen ($3.89 billion) in support to chipmaker Rapidus in fiscal 2024
Mining Monthly: March Edition
- Following a long period of consolidation, gold broke out in March, hitting record highs, and continuing to push higher as we enter April.
- Silver and copper also had strong months up 10% and 4%, respectively.
- More notably, we are finally seeing the equities outperform their underlying metal price with the GDX, SIL, and COPX up 22.7%, 21.1% and 19.4%, respectively, significantly outperforming broader markets.
Weekly Sustainable Investing Surveyor – Week Ended March 28, 2024
- The WTR Sustainable Index was up by 1.5% W/W versus the S&P 500 Index (up 0.4%), the Russell 2000 Index (up 2.5%), and the Nasdaq Index (down 0.5%).
- Energy Technology (13.2% of the index) was up by 4.1%, while Industrial Climate and Ag Technology (56.8% of the index) was up by 1.3%, ClimateTech Mining was down 3.5%, and Advanced Transportation Solutions (24.0% of index) was up 1.0%.
- Top 10 Performers: KULR, OUST, NKLA, CRGE, SUNW, SX, NVVE, REX, SLDP, EXRO
The Highlights – Cannabis News for the Week Ending March 29, 2024
It was another strong week for cannabis stocks, with the US cannabis MSOS ETF gaining 4.05%.
The fund added $3.6 million in inflows last week. The global YOLO ETF climbed 6.22%, as several Canadian companies outperformed.
AYR Wellness (CSE: AYR, OTCQX: AYWRF) had the best week, rising 23.64%. CEO David Goubert will be joining us on Higher Exchanges on Thursday.
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