WOW, the marijuana stocks are up and up big!
Aphria, Canopy Growth, Aurora all up (except Tilray)!! It’s green green green, pot stocks on fire!
I’m still waiting for the other shoe to drop with short seller Gabriel grego though but maybe that’s all they had. Amanda Lange put him through his paces last night on bnn bloomberg.
Now the US Stock Market is another story:
U.S. stocks retreated with crude oil on persistent concern that the rate of global economic growth has peaked at the same time central banks scale back stimulus.
The S&P 500 slumped for a second day, though resilience in large technology stocks pulled the measure up from a loss that topped 2 percent. Netflix led gains among the FANG cohort. Financial markets remained volatile on bets that the trade truce between China and the U.S. won’t last after the arrest of Huawei’s chief financial officer. Bank shares in the S&P 500 fell more than 2.5 percent, as Treasury yields slid to the lowest since August. Traders have started to doubt the Federal Reserve will raise rates even once next year as economic growth falters.
Oil continued to be a drag on financial markets, with West Texas Intermediate back to $51 a barrel as OPEC ministers seek a deal to cut output. Energy producers in the S&P 500 sank more than 3 percent, and emerging-market equities plunged.