In June we discussed the investment thesis for uranium noting that several analysts have called it the “greatest trade of our lifetime”. Since then uranium stocks have exploded and we take another look at the reasons why this is suddenly the case.
The European Central Bank has a monetary policy announcement on Thursday and many investors are wondering if euro will fall to the same fate as the Canadian and Australian dollars. Seven weeks later inflation is at a 10 year high. The Delta variant is wrecking havoc across the globe, leading to tightened restrictions and worries about more cases in the Fall.
Central bank meetings are creating more pain than gain for currencies this week. The RBA, BoC and ECB meetings are some of this week’s most important event risks. Over the past few months, central banks have grown increasingly distanced in their policy directions.
But although EV market penetration is miniscule, regulatory pressures, advances in battery technology and massive capital spending by auto manufacturers indicates that in the next decade the world will make an inexorable shift away from the polluting and expensive ICE engine.
Jackson Hole is an important venue for Federal Reserve policies. At last year’s conference, Powell announced that…