Investors looking to profit from the cannabis industry's growth can pick a pure-play company, or one for which marijuana-related gains would be the icing on an already-large cake.
It is the senseless things of this world that sometimes knock sense into the high and mighty whose hubris causes them to believe they cannot fall. In this case, the tiny COVID-19 virus (coronavirus) is bringing down a global house of cards long perched to fall locks, stocks, and barrels of oil. Stock investors thought the over-Fed markets bull run would prove immortal, but all the overripe market needed was for a fat, black swan to drop down on the markets head and knock some sense into it. Economic damage worldwide, however, is far from limited to stocks. Some of it seems almost silly or bizarre, but such is the case when the entire global economy is already in ill health, having survived on Fedmed for a decade.
We know that the US stock market is a bubble and all bubbles pop. It's only a matter of when. We also know that much has been done by the Trump administration to fray existing alliances and to inflame tensions with trading partners-turned-adversaries, namely China, the European Union and even its two NAFTA amigos, Canada and Mexico. China, Russia, Turkey and others, are already moving away from pricing trade in US dollars and buying US debt through treasury purchases. Central Banks have been stocking up on gold. Will the rest of the world follow and punt the US$ as the worlds reserve currency? We at AOTH think so and we await gold's coming Minsky Moment.