Cannabis stocks have been getting incredibly high lately and through the haze, it’s not difficult to see why. With the recent push towards legalization of cannabis in the United States and breakthroughs in medicinal marijuana,many are seeing huge potential in this emerging industry.
Now some on Wall Street are asking the question….
For crypto enthusiasts, the answer seems to be no. A poll that I put out on Twitter a few hours ago is showing that many of my followers have a clear opinion on this one.
The great thing is, we don’t really have to make a decision on this one. Luckily, the rules of portfolio management are in favour of diversification. So we can take advantage of many different trends at the same time. In fact, the more we diversify the better.
Of course, similar to crypto-assets, when we see this type of volatility and short-term gains, it’s probably best to treat these stocks as a high-risk investment and therefore they should probably only be a small part of a well-diversified portfolio.
Today’s Highlights
Traditional Markets
The Chinese government has seemingly chosen to fight fire with ice.
Yeah, the above headline made me do a double take too.
Yes, China has responded to Trump’s latest round of tariffs with some tariffs of their own, but in conjunction, they are reducing tariffs across the board on some products for all of their trading partners including America.
Stocks in Asia and Europe are enjoying the new sentiment as it indicates a greater level of globalization than we’ve been seeing lately.
Zaif Crypto Hack
Zaif is not safe. The Japanese crypto exchange was just hacked for approximately $60 million worth of BTC, BCH, and something called MonaCoin.
In comparison, the attackers of CoinCheck got away with about $500 million in crypto, and the Mt. Gox hack ended up with losses of around $450 million.
