Two of the three companies we shortlisted last week, in the “Reddit Discussed Stocks” section, returned positive returns.
Global equity markets stayed relatively flat in the past week. Markets rallied today as treasury yields retreated. Rising yields typically result in lower equity valuations (from higher discount rates), and higher borrowing costs.
Zinc and nickel prices declined due to increases in inventory levels. Copper prices remained strong despite higher inventory levels on both the LME, and the SHFE (Shanghai). We expect copper prices to experience downward pressure.
