Since the S&P 500's low on September 6, two renewable energy themes have outperformed the index - Uranium/Nuclear (overweight via URA) and Lithium/Battery. Lithium moved to a buy on our Six Indicator Trend Composite last week and saw the second-best Scorecard rank improvement over one-week and four-week periods. Bears will point to weak EV sales in Europe and dour outlooks from suppliers like SQM earlier this week. We're neutral for now as we assess how long lithium can holds its charge.
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