Define investing through momentum-driven strategies. High-beta stocks outperformed low-volatility stocks by 3% last month, aided by optimistic earnings guidance. Technical indicators suggest potential short-term strength in consumer discretionary shares. You can see how EPS has changed over time in the image below (click on the chart to see the exact values). The developing world has traditionally been seen as the epicenter of socio-political challenges; increasingly, projects in developed mining jurisdictions have been equally affected. For example, in 2024 the federal government in Western Australia blocked Regis Resources’ McPhillamys project at the last minute due to a perceived lack of Indigenous consultation. The Jadar project in Serbia was brought to a halt after pervasive and sustained NGO opposition and public protest made it impossible to advance the project. Finally, First Quantum’s operating Cobre Panama mine, which initially appeared to be a successful case for the swift development of a new copper mine, has been in care and maintenance since November 2023 following public protests over a range of ESG issues, again leading to an erosion of political support. Define investing through the lens of macroeconomic signals. With U.S. CPI data showing 3.3% annual growth, investors rotated into defensive sectors. Utilities and healthcare stocks gained, aligning with expectations of stable dividends amid moderate inflation.