Last weeks update gave us finally some guidelines for what is to come. Unfortunately it won't be reflected in this 4C and for many it will be too long to wait for the July 4C to see if that outlook will be confirmed or not. I expect the sp to hover around the 2c mark which, for a LTer is a great opportunity to build a holding.
DW this week or next - in the end it won't even be reflected in the July 4C. So, from that point, we may have to wait for the January'23 4C to see the full value of all agreements. The trade deal with India could be the big change in Spenda sentiment but again it will take at least a year to make a revenue impact.
But at least SPX is starting from a base that is more relevant to income / profitability than the 21c from last year. Sp increase in line with performance is more desirable than those wild, unsubstantiated sp swings.
New holders will benefit big time, existing ones have to wait another while to break even or being in positive territory.
GLTA
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