NQH2O: Nasdaq Veles Water Index April 2021 market update
If any doubt persisted over the first months of the year, it has now become clear that this past winter’s dry conditions will not be reversing anytime soon. With 88% of California classified as experiencing severe drought and no less than 53% classified as extreme, according to the California drought monitor, there is no question that conditions have worsened, confirming fears that another dangerously dry summer looms on the horizon. In fact, so troubling is the situation that on April 21, amid the barren backdrop of a greatly depleted Lake Mendocino, Governor Newsom issued a state of emergency declaration for Mendocino and Sonoma counties …