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The Canadian Cannabis Report – Monday, Nov. 6

The Canadian Cannabis Report – Monday, Nov. 6

For the trading week that ended October 27, 2023, my proprietary Canadian Cannabis Company Index (MCCCI) increased by 18.8% compared to the prior week when it increased by 1.7%. The index consists of 14 stocks, many of which are among the most widely held holdings of the 3 ETFs (MJ, CNBS, and THCX) that I […]
Wall Street Clings To Last Week’s Rally

Wall Street Clings To Last Week’s Rally

Wall Street is slightly higher this afternoon, looking to build on last week’s rally as more corporate earnings roll in. At last glance, the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) are all sitting in the black, while the Cboe Volatility Index (VIX) looks to snap a five-day losing streak — […]
Weekly Macro Indicators, Through 10/28

Weekly Macro Indicators, Through 10/28

Image Source: Pexels Year-on-year growth is accelerating modestly, according to the WEI. Figure 1: Lewis-Mertens-Stock Weekly Economic Index (blue), and Baumeister-Leiva-Leon-Sims Weekly Economic Conditions Index for US plus 2% trend (green), all y/y growth rate in %. Source: NY Fed via FRED, WECI, accessed 11/5, and author’s calculations.The WECI+2% thru 10/28 is (2.06%), while WEI reading is 2.23%. The […]
SaverOne Gains Rapid Traction With Its DDPS Solution

SaverOne Gains Rapid Traction With Its DDPS Solution

Image Source: Pixabay SaverOne (SVRE) is an Israeli company offering safe driver products for cars and fleets that have a huge TAM. Like so many smallcaps that are not yet cash flow positive, its shares have suffered badly: This has led to a market cap that is less than $3M which stands in no relation to […]
FTSE Starts The Week In The Green Ahead Of Key Econ Data

FTSE Starts The Week In The Green Ahead Of Key Econ Data

Image Source: Pexels The UK’s FTSE 100 began the week on a positive note, experiencing a 0.36% increase. This uptick was supported by a surge in aerospace and defence stocks. Investors were also keeping an eye on upcoming economic data to gauge the strength of the British economy.Shares in Melrose Industries rose by 3.2% to 506, […]
Oil Prices Gain As Russia And Saudi Arabia Continue Supply Cut, Other Factors

Oil Prices Gain As Russia And Saudi Arabia Continue Supply Cut, Other Factors

Image courtesy of 123rf.com Oil futures edged higher on Monday after Saudi Arabia and Russia reiterated plans to keep voluntary supply reductions until the end of 2023. Crude oil prices were also boosted by growing convictions that the Federal Reserve will not impose more rate hikes following recent economic data.  UBS Analyst Says Supply Cuts Could Extend to […]
Gold Struggling At $2000 Resistance But Miners Look ST Bullish

Gold Struggling At $2000 Resistance But Miners Look ST Bullish

Image Source: PixabayGold failed to make a new monthly all-time high for October and is struggling around resistance at $2000. It’s showing distribution. However, the gold stocks are showing bullish head and shoulder bottoms (especially GDX).We explain how this dichotomy could play out.Video Length: 00:08:10More By This Author:Gold Still In Position For Breakout By End Of […]
It Wasn’t Easy But The Bottom Came In As Expected

It Wasn’t Easy But The Bottom Came In As Expected

Last week was an enormous victory for the wounded bulls like me. The decline turned into a full-fledged correction, meaning it went 10% down from the high. Recall that since July I had been looking for a mid-single-digit pullback. Nonetheless, our work showed a series of lows in August, September, and October would then lead […]
Construction Spending Rises

Construction Spending Rises

“Davidson” submits:The history of construction spending since 1993 reveals that this data tends to weaken prior to recessions. But for a recent dip in Residential Construction attributed to the rise in mortgage rates, this indicator is charging higher. Noteworthy is Manufacturing Construction. While Total Construction has risen ~20% since Sept 2021, Manufacturing Construction has risen 125% over the same time frame. This […]
The Energy Report: Extension

The Energy Report: Extension

Photo by Zbynek Burival on UnsplashOil prices are rebounding as Saudi Arabia, as expected, announced it will extend its 1 million barrel of oil a day production cut into December and most likely beyond. Already they are dropping hints that they will review its decision next month and the only reason they are not announcing […]