The stock market set another round of record highs on Tuesday’s open before closing mostly lower aside from the blue-chips. Rising bond yields kept bullish sentiment in check as some of the choppiness came over concerns about rising interest rates. Specifically, the 10-year Treasury yield tagged 1.3% late in the session for the first time since last March igniting concerns for the potential for...
Continue reading >>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 was weak again on Friday session with the losses giving the major indexes their biggest weekly losses since October. Traders digested the ramifications of Johnson & Johnson's (JNJ) coronavirus vaccine trial results, while an ongoing between Wall Street hedge funds and retail investors over Gamestop (GME) added to the spike in volatility. The Nasdaq closed at 13,070 (-2%)...
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Continue reading >>The stock market started Tuesday’s session in the red before showing strength later in the session while settling mixed. All of the major indexes set fresh record highs with Tech and the small-caps showing continued momentum while the broader market lagged. The Russell 2000 tested an intraday record high of 2,309 before closing at 2,299 (+0.4%). Unchartered territory and lower resistance at...
Continue reading >>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...
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