With Biden heading to the White House, cannabis stocks are picking up a good deal of momentum including Aurora Cannabis (ACB). In addition, Biden’s pick for health and human services secretary, Xavier Becerra, who supports legalization. “Just as we allow alcohol to be sold, we’ve come into the 21st century and announced that it’s better to regulate MJ than criminalize it. The federal...
Continue reading >>The stock market showed continued volatility on Friday despite a strong employment report that came in with a better-than-expected 379,000 jobs added in February. This reaffirmed the building momentum in the economic recovery, but also causing a rise in Treasury yields and concerns over higher inflation. The major indexes rallied in the final hour of trading, shaking off earlier declines while...
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Continue reading >>The stock market showed continued volatility on Friday despite a strong employment report that came in with a better-than-expected 379,000 jobs added in February. This reaffirmed the building momentum in the economic recovery, but also causing a rise in Treasury yields and concerns over higher inflation. The major indexes rallied in the final hour of trading, shaking off earlier declines while...
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Continue reading >>The stock market traded in a tight range for much of Tuesday’s session before closing lower as traders await upcoming comments from Fed Chairman Powell and Friday’s jobs report. Losses in the Technology and Consumer Discretionary sectors weighed on sentiment with Zoom Video Communications (ZM) falling 9% despite reporting earnings that topped Wall Street’s expectations.The Russell 2000...
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