Good Morning Investors! Most of you already know what a long, often exasperating grind it has been for Yours truly to remain a steadfast advocate of Sernova Corp. (TSXV-SVA; OTCQB-SEOVF). A year and a quarter now after the process started to revamp and strengthen the management team/board and essentially "rebrand" the company in some necessary respects, here we have still been, with a multi-year low in the share price recently. Sernova leadership has needed a change.
Spending a good chunk of yesterday morning with Sernova's new Executive Chairman Jonathan Rigby, I am VERY encouraged that the time for this overall turnaround is finally at hand.
Having been recruited to Sernova's board only in late May (CLICK HERE for that announcement, which recounts Rigby's impressive resume) it quickly became apparent that he was the right man for the job for leadership as an executive; thus the ANNOUNCEMENT this morning.
A big part of both our interests in Sernova's leading platform to come up with a functional cure for Type one diabetes is that Jonathan--like three of my children, one of whom died from the disease 4 1/2 years ago--himself has T1D. Further, in determining that Sernova is where he intends to next leave his mark, he understands the company's edge not only in being in the leadership of any companies in human trials in this space but more so due to its Cell Pouch System™.
Stay tuned for more, including a video interview I'll be doing with Jonathan to introduce him and otherwise update you on Sernova in the very near future.
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Speaking of leadership... Several different people in conversations since late Saturday's attempted assassination of former President Trump asked what I thought this--and especially Trump's miraculous survival--would do to/for the stock market.
My answer is being reflected in the futures ahead of the open; and also by a LOT of similar commentaries I'm reading, such as THIS ONE from Investment News ("'Trump trade' Intensifies in Global Markets.")
Already late last week we saw some powerful signs that a long-overdue "rotation" was going to finally start moving investor money from nosebleed-level Mag 7 stocks and their like into broader value plays, etc. Something certainly has to give; the present is but the third time in the last century that stocks have been this speculatively top-heavy.
But the way it appears this might start to resolve itself at least somewhat is as the broad market and especially small cap stocks play major catch-up with the leaders. And that begs the question whether much of anything will correct in the near term given 1. the liquidity that still remains and 2. the enhanced "Trump trade," both of which are providing a powerful tail wind, right or wrong.
Things will evolve in the direction ever more so of The Great Stagflation's impact on all asset classes: by and large with most EVERYTHING rising to one extent or another over time:
Stocks
Commodities
Commodity-related stocks
Real estate
Inflation and
Long-term Interest rates
BUT it looks ever more likely this will be a drawn-out process rather than more of an event; and we may not see greater effects of how things will be playing out, long-term, until post-election.
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My StrategicMPR colleagues Eric and Konni got together with me late last week to put together the first of two "road maps" for the months and years ahead of us no matter the outcome of the November election (though I explain how and why, specifically, Trump/Democrat wins would affect certain things differently.)
For just the audio of this, GO HERE.
For the video (with some charts and graphs added in) GO HERE or just click the above image.
As the title implies, both of these are going to address the fact that none of you reading these words has ever had to navigate the kind of environment that is evolving.
But we will stay at the forefront of helping you to understand these NEW "facts of life" economically, markets-wise and geopolitically.
As ever, I'll welcome your comments and questions.
All the best,
Chris Temple
Editor/Publisher
Monday morning -- July 15, 2024
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