Stocks, Commodities Soar in 2023 on Weather, Demand Shifts
-
Abercrombie & Fitch stock soared over 290% as the retailer saw a comeback among millennials and exceeded sales expectations.
-
Olive oil prices surged nearly 50% due to drought damage to European olive harvests creating a shortage.
-
Cocoa futures hit 45-year highs over $4,000 per metric ton as adverse weather damaged crops in Africa.
-
The Solana crypto token saw a blockbuster rebound, gaining over 560% in 2023 after sinking in the 2022 crypto downturn.
-
Uranium prices topped $80 per pound for the first time in 15 years, rising 125% since 2020 on growing nuclear power demand.