Global equity markets were up 0.2% on average last week (up 0.3% in the prior week). As we predicted, September inflation was higher than the consensus estimate. The S&P 500 was down 1% last week as the Fed is likely to remain hawkish in its upcoming meeting in early November to combat inflation. Metal prices retreated as well.
Valuations of gold producers were down 7% last week (up 5% in the prior week); base metal producers were flat (up 2% in the prior week).
The global MCAP of cryptos is US$0.94T, down 2% MoM, and 60% YoY.
Currently, there are 3,369 retail cannabis stores in Canada (unchanged WoW).
