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Trading Ideas

Earnings Season Rocks North American Marijuana Market

Summer is coming to an end. The colder seasons are approaching. And if you enjoy downhill skiing, the three-month chart of the North American Marijuana Index probably looks like a lot fun…

But for pot stock investors, this isn’t the type of slope we want to see.
The index has fallen 9.7% so far in the month of August. But since May 23, it’s down 28.3%.
The sector has been rocked by scandal, then kicked while it was down by a series of earnings misses from Canadian producers in recent weeks.
But there’s another specter besides earnings haunting the cannabis sector…
Fed Up With the …read more […]

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Business News

Global stocks, dollar rise as Trump remarks ease China trade tensions

A global gauge of equities rose on Monday and the dollar recovered from earlier losses as U.S. President Donald Trump said Chinese officials had contacted Washington about resuming trade negotiations, after signs of escalation in the U.S.-China trade dispute had roiled markets earlier in the day.

…read more […]

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Trading Ideas

Economic Inequality: Why It’s Not a Bad Thing

Many people think that economic inequality is a huge problem in America, but that’s not true.
Today, Alexander Green explains how inequality shows that our free market system is working.

In my last column, I argued that – contrary to many voices on the far left and far right – capitalism doesn’t need to be reformed.
Those who claim that it does generally cite the same reason: economic inequality.
In particular, many politicians hope to garner enough votes to gain (or regain) elected office by promising to fix the problem with massive income redistribution.
Some agree, arguing that it is wrong for some Americans to …read more […]