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Making sense of the markets this week: June 25, 2023

Bear in mind the wider-moat portfolio will embody the grocers and railways, I can discover no higher Canadian inventory portfolio for a market beat and risk-adjusted returns. Empire says its fourth-quarter gross sales totalled CAD$7.41 billion, down from CAD$7.84 billion in its fourth quarter final yr, which included an extra week.

Similar-store gross sales have been up 1.6%, whereas same-store gross sales, excluding gas gross sales, have been up 2.6%. 

Metro (MRU/TSX) delivered excellent leads to its current report, as has been the development for Canadian grocers. It reported meals same-store gross sales up 5.8%, and pharmacy up 7.3%.

Appears the grocers can present a much-needed inflation hedge. 

What’s up with bitcoin ETFs? 

Crypto is again on some radars. Specifically as BlackRock (BLK: NYSE) shocked the funding world this week, asserting it might create a bitcoin spot value exchange-traded fund (ETF). “Spot value” signifies that the funds would maintain bitcoin. 

Many different asset managers are lining up their very own bitcoin funds. 

Remember that the iShares product providing will not be a standard ETF, however a belief as per bitcoin.com. However it is going to maintain bitcoin, which is beneficial for the bitcoin value, as it is going to enhance demand for bitcoin. 

As it’s possible you’ll know, I wrote the go-to standard function 🙂 on bitcoin as an funding, again in January 2021. From my analysis and observations, gold makes a balanced portfolio higher. And for me and plenty of others, bitcoin is seen as a contemporary or digital gold. 



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