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Gold Shines As Homebuying Affordability Hits A Record Low

Gold Shines As Homebuying Affordability Hits A Record Low

Image Source: Unsplash Homeownership is the quintessential American dream, but it’s become increasingly elusive for many households. A multitude of factors, including soaring home prices, elevated interest rates and persistent inflation, has created the perfect storm, making homeownership a distant reality for more U.S. residents.It’s impossible to overexaggerate the benefits to owning one’s home. In 2022, […]
Cresco Labs Q4 Report Shows Major Improvement In Net Profit

Cresco Labs Q4 Report Shows Major Improvement In Net Profit

Cresco Labs Inc. (CRLBF), a constituent in the munKNEE American Cannabis MSO Stocks Index, released its financial results last week for the fourth quarter ended December 31, 2023, and they show considerable improvement in Adjusted EBITDA and a Net Profit turnaround. Q4 Financial Highlights (The information below compares Q4 2023 with Q3 2023 and all figures are in […]
Austin Is Reeling, But What Does That Mean For Housing And Rent Nationally?

Austin Is Reeling, But What Does That Mean For Housing And Rent Nationally?

Austin Is in ReverseThe Wall Street Journal reports Once America’s Hottest Housing Market, Austin Is Running in Reverse Home prices and apartment rents in Austin, Texas, have fallen more than anywhere else in the country, after a period of overbuilding and a slowdown in job and population growth. Now, it is contending with a glut of […]
Bulls May Find Themselves “Up To Their Neck In Alligators” Soon

Bulls May Find Themselves “Up To Their Neck In Alligators” Soon

Image Source: Unsplash For a long time now, passive capital inflows have powered equities higher, especially the Magnificent 7, as a tremendous percent of every new dollar that flows into the market goes into these 7 stocks.But some of these once-bulletproof companies are now starting to struggle.And those passive capital inflows? There are emerging signs they […]
The Canadian Cannabis Report – Monday, March 18

The Canadian Cannabis Report – Monday, March 18

For the trading week that ended March 15, 2024, my proprietary Canadian Cannabis Company Index (MCCCI) was unchanged compared to the prior week when it decreased 6.7%. 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 consider to […]
Stock Market Trend Morphing As It Weakens

Stock Market Trend Morphing As It Weakens

Anyone notice how the gains have moderated lately? The stock market seems to be transitioning from strongly up to modestly up and sideways.Here is the Dow Industrials. Not a lot to criticize nor worry about. Just an observation. Here is the Nasdaq 100. And finally, the Russell 2000. This is how markets digest or mildly correct […]
There Was An Old Bank Who Swallowed A Rule

There Was An Old Bank Who Swallowed A Rule

Image by Stable Cascade To this day, banking confuses many. The industry’s myriad of jargon and regulations can understandably perplex casual investors; however, they also confound experts—even those specializing in the discipline. Yet, banking is really quite simple. Banks borrow to lend. Their complexity is purely self-inflicted, created by the controls we’ve buried them under. Each new […]
Ranked: The 20 Top Chinese Stocks By Market Cap, And Performance YTD

Ranked: The 20 Top Chinese Stocks By Market Cap, And Performance YTD

It has been widely reported that Chinese stocks have underperformed in recent years, with both the Hang Seng Index and the SSE Composite Index down from their 2021 highs.Despite this broader trend, some Chinese companies have appreciated significantly in price over the past year.To learn more, we’ve visualized the market capitalizations of the 20 top Chinese stocks. In addition, […]
Manufacturing And Construction Vs. The Still-Inverted Yield Curve

Manufacturing And Construction Vs. The Still-Inverted Yield Curve

Prof. Menzie Chinn at Econbrowser makes the point that the yield curve is still inverted, and has not yet eclipsed the longest previous time between onset of such an inversion and a recession. So he believes the threat of recession is still on the table.And he’s correct about the yield curve, although it is getting […]
Reddit’s Upcoming IPO: Upsides And Downsides

Reddit’s Upcoming IPO: Upsides And Downsides

Image courtesy of 123rf.com The ‘Front Page of the Internet’ is heading for a much-anticipated initial public offering (IPO). Under the ticker symbol RDDT on the New York Stock Exchange (NYSE), Reddit will likely gather $6.5 billion in valuation. According to insider sources relayed to Reuters, this would place RDDT shares within the $31 – $34 range […]