As I showed you last week, 88.7% of the 70 asset classes tracked by Deutsche Bank have netted negative total returns this year. The last time it happened was right as cars and electricity were being introduced in our world and getting commercialized. It was close to 100 years ago.
It’s all coming down to (1) the G-20 meeting, held this weekend in beautiful Buenos Aires, (2) the Federal Reserve announcement in mid-December, (3) the upcoming Brexit vote, and (4) the ECB decision on possibly ending QE.
Since the September highs, shareholders of the FAANG stocks have lost, collectively, over $1T of equity, but this might only be the beginning.
Right now, I’m seeing uranium as the next big mover in the markets. It’s been forever, since we saw the price rally higher. Wealth Research Group sees a spot price of $40, as the official beginning for a bull market, but if you want to get aggressive, in anticipation, this is the time.
With CAD$14M in cash, zero debt, and with the 8,000KG facility already fully-funded, I’m shocked that PURE Global Cannabis (TSX-V: PURE & US: PRCNF) has a market cap of only CAD$34.7M.
October absolutely decimated cannabis stocks. The biggest names in the industry (companies worth several billion dollars in market cap) took huge hits.