Global equity markets were down 3.0% last week (up 0.7% in the prior week) after the Fed raised its benchmark rate by 0.5% – the highest hike in 20+ years. The S&P 500 was down six weeks in a row, and the US$ was up 5% in the past six weeks amid rising yields.
Valuations of gold producers were down 4% last week (down 2% in the prior week); base metal producers were also down 4% (flat in the prior week).
Currently, the global MCAP of cryptos is US$1.66T, down 16% MoM, and down 30% YoY.
Currently, there are 3,262 retail cannabis stores in Canada, an increase of seven stores WoW, including seven in Ontario, one in B.C., and one closure in Alberta