How did you sleep?
- Dow +363 points
- S&P500 +1.13%
- Gold +$24
- Copper, Nickel and Silver up strongly
We needed that, given that yesterday “hurt” but we should recover strongly in today’s session…
A fun fact…
If you invested $1k in one of the below assets ten years ago, here's what they would be worth to you now:
- Google: $6k
- Facebook: $9k
- Amazon: $22k
- Netflix: $34k
- Tesla: $159k
- Bitcoin: $237M
Last night, U.S. stocks halted a four-day losing streak as Congress moved toward a federal spending package that would boost the economy. Treasuries retreated.
The S&P 500 rebounded from its longest slide since September. Senate Majority Leader Mitch McConnell said he will keep lawmakers in Washington until a deal gets done. The 10-year Treasury yield moved above 0.90% as the Federal Reserve began its two-day meeting. The dollar weakened for a second day. Oil advanced with gold.
Wall Street is growing increasingly confident that Democratic and Republican lawmakers will clinch a bill based on a $748 billion bipartisan proposal that would inject cash directly into the economy as prior benefits begin to expire at the end of the year. The vaccine rollout continues in the U.S. without any major disruptions so far.
“The markets really locked into the optimism trade and it’s been heavily discounting bad news and focusing on good news,” said Olivia Engel, chief investment officer of active quantitative equity at State Street Global Advisors. “I’m not surprised the market chose to focus more on the good news even as lockdown announcements are coming.”
The SPI is up 43 points this morning.
Source: Bloomberg
Since the peak of battery metals hysteria in 2017, spodumene prices have since plummeted from +$US1000 ($1,476) a tonne, too well under $US400 a tonne currently.
Other lithium prices also tanked, as did cobalt and graphite.
Many battery metals explorers (and even a couple of miners) fell by the wayside.
It wasn’t until EV spearhead Tesla finally showed profitability in late 2019 that people began paying attention to the raw materials supply chain again.
Tesla currently looks unstoppable and bullish battery metals sentiment is re-emerging with a vengeance.
This time there’s a key difference, says Mark Thompson, managing director of emerging anode play Talga (ASX:TLG).
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.046 +2.22%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.12 Unchanged
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.065 -5.80%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.21 Unchanged
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.052 Unchanged
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.070 -6.67%
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.025 +4.17%
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $2.51 Unchanged
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.036 -7.69%
Sector: Mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.010 Unchanged
Sector: Discretionary
Year: 2020
Deal Type: Placement
Raise Amount: $1.3m
Price Change: $0.074 -2.63%
Sector: Gaming
Year: 2020
Deal Type: Placement
Raise Amount: $1.25m
Price Change: $0.13 -7.14%
Sector: Mining (Gold)
Year: 2020
Deal Type: Placement
Raise Amount: $982k
Sector: Mining (Gold/Silver)
Year: 2020
Deal Type: Placement
Raise Amount: $2.3m
Price Change: $0.012 -14.29%
Sector: Hemp & CBD
Year: 2020
Deal Type: Pre IPO
Raise Amount: $2.5m
Sector: Psychedelic assisted therapy
Year: 2020
Deal Type: Placement
Raise Amount: $2.5m
Price Change: CAD $0.2175 -16.67%
Sector: Mining
Year: 2020
Deal Type: Placement
Raise Amount: $330k
Price Change: 0.036 +2.86%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
