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The Canadian Cannabis Report – Monday, Dec. 4

The Canadian Cannabis Report – Monday, Dec. 4

For the trading week that ended December 1, 2023, my proprietary Canadian Cannabis Company Index (MCCCI) increased by 10.4% compared to the prior week when it decreased by 6.0%. 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 […]
Stocks And Precious Metals Charts – Non-Farm Payrolls

Stocks And Precious Metals Charts – Non-Farm Payrolls

And so we finally had the rinse.Stocks sold off.Gold and silver had a classic ‘smash and grab’ in the futures market. I have seen this many times.They run the futures up in the thin overnight trading running the stops of the shorts.And then they smack them down, running the stops of the longs.The Dollar gained […]
New Highs In 2024?

New Highs In 2024?

The equity market (and most other parts of the financial universe) has been in rally mode for about five weeks now, and while it would be greedy to think that the S&P 500 could rally the 4% needed between now and year-end to get back to its prior highs from the start of 2022, on […]
Market Talk – Monday, Dec. 4

Market Talk – Monday, Dec. 4

ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 200.24 points or -0.60% to 33,231.27 Shanghai decreased 8.72 points or -0.29% to 3,022.91 Hang Seng decreased 184.25 points or -1.09% to 16,646.05 ASX 200 increased 51.50 points or 0.73% to 7,124.70 Kospi increased 9.94 points or 0.40% to 2,514.95 SENSEX increased […]
Is The Bullish Squeeze Out Of Juice?

Is The Bullish Squeeze Out Of Juice?

Image Source: Pexels The market has been ripping higher as the gamma and short squeeze plays out. Here’s a look at today’s “double dip” strategy of unusual option activity and short interest. However, with Tech lagging, how much juice is left to squeeze? (HOOD, FXI, CVNA, COIN, SOFI, ARKK, IYR, XRT, AX, BBWI, RDFN, CGC).Video Length: […]
Stocks Slide As Bitcoin Soars, Nasdaq Drops Triple Digits

Stocks Slide As Bitcoin Soars, Nasdaq Drops Triple Digits

Stocks finished firmly lower today, though soundly removed from their intraday lows. Following Wall Street’s fifth-straight weekly win, the Nasdaq fell triple digits to start the week, while the Dow and S&P 500 closed more modestly in the red, with the blue-chip index snapping a four-day win streak. Crypto was the talk of the town today, […]
Factory Orders Look Grim In October Down 3.6 Percent, What’s Going On?

Factory Orders Look Grim In October Down 3.6 Percent, What’s Going On?

Factory orders from the Commerce Department, chart by MishFactory Orders Synopsis New orders for manufactured goods in October, down following two consecutive monthly increases, decreased $21.8 billion or 3.6 percent to $576.8 billion, the U.S. Census Bureau reported today. This followed a 2.3 percent September increase. Shipments, down two consecutive months, decreased $8.2 billion or […]
Visualizing The Rise Of The U.S. Dollar Since The 19th Century

Visualizing The Rise Of The U.S. Dollar Since The 19th Century

Visualizing the Rise of the U.S. Dollar Since the 19th Century As the world’s reserve currency, the U.S. dollar made up 58.4% of foreign reserves held by central banks in 2022, falling near 25-year lows.Today, emerging countries are slowly decoupling from the greenback, with foreign reserves shifting to currencies like the Chinese yuan.At the same time, the steep appreciation […]
Profit Shares Defy Projections, Not Coming Down

Profit Shares Defy Projections, Not Coming Down

Image Source: Pexels The revisions to the third-quarter growth data were striking. After an initial report showing GDP grew at a very strong 4.9 percent annual rate, the revised data show growth was actually somewhat faster at 5.2 percent. No one expects the economy to sustain anything like this rate of growth going forward. Most likely the […]
Bitcoin Reaches $42,000: 5 ETFs More Than Double In 2023

Bitcoin Reaches $42,000: 5 ETFs More Than Double In 2023

Image Source: Unsplash Bitcoin, the world’s largest cryptocurrency, surged past the $42,000 mark for the first time since April 2022. This represents a year-over-year increase of 142% in the cryptocurrency value. The milestone came on the back of broad enthusiasm about U.S. interest rate cuts and the imminent regulatory approval for Bitcoin ETFs.The solid trading has […]