Markets lower on Macro outlook
It was a torrid month for battery materials equities in April with only the Midstream basket keeping its head above water. Macro concerns are now very much to the fore and investors are running scared of a substantial economic downturn. One chart that we saw last week that really scared us compared the 1929 correction and following bear market with the situation we find ourselves in today. Now we’re not saying that the situation is that bad, but the likely structural damage to the consumer could be on a level not really seen in recent memory. What doesn’t seem to...