Global equity markets were down 2.3% last week (up 1.5% in the prior week) amid several negative events – a) rising new cases of Omicron in Europe, and the Delta variant in the U.S.
Valuations of gold producers were up 3% WoW; base metal producers were down 1%.
Companies operating in the crypto space are trading at an average EV/R of 10.6x (previously 11.3x).
New York announced plans to move up the scheduled timeline for adult-use cannabis sales. Sales could now start by late 2022, rather than 2023 as was previously expected.
