Hilary Kramer
The New TLRY Changes the Map
Endless effort over the years has been wasted trying to evaluate “the cannabis map” in terms of state-by-state regulatory developments, but the real map for investors shows the major players and their market share. That map was too fragmented to be attractive. But this week changed those dynamics in a constructive direction as two of […]
Not A Crash, Just A ‘Hot Money Correction’
While every day on Wall Street is impossible to predict, professional investors soon learn to trust certain statistical rules of thumb. That’s worth remembering as we watch the post-pandemic market twist. When the market greets an economic speed bump with cheers, sentiment has drifted a long way from the usual fundamentals. And the rules of […]
CANNABIS CORNER: Riding The Big Bounce
It is gratifying to see that cannabis stocks remain open to both extremes of ambient market volatility. When the mood swings against them, they crumple. We’ve seen a lot of that in recent months. But when sentiment becomes more expansive, these stocks shine. That was the case this week, with my proprietary cannabis index surging […]
No Need To ‘Sell in May’ This Year, But Feel Free to Step Away
Every year, the television networks want to know if we’re selling in May and then going away until the summer is over. It’s a trick question. Yes, summer was historically a slow season on Wall Street and, yes, the market looks especially unlikely to provide an attractive risk-adjusted return in the next few months. But […]
Cannabis Corner: Go Small
Comparing my proprietary universe of cannabis stocks to the leading exchange-traded funds is a gratifying experience. Sure, the funds like ETFMG Alternative Harvest ETF (ARCA:MJ) are up 40-43% year to date (YTD). My stocks have done a little better than that and, unlike most of the funds, our future looks even brighter. Start with GW […]
Will Taxes and Inflation Kill the Bull Market In The Cradle?
After a brief lull, Wall Street’s mood is once again swinging between extremes. I think the bulls still have the upper hand, but the margin of error is getting thinner day by day. There’s a lot of talk about rolling corporate income tax rates back up and even raising the highest capital gains tax to […]