Marijuana stocks both within and north of our borders took the wrong kind of hit on Tuesday. This followed the admission from a powerful and influential marijuana reform advocate that U.S. drug laws will not see a major change anytime soon. Canadian company Tilray Brands (NASDAQ: TLRY) saw its share price slump by nearly 6%, while Aurora Cannabis (NASDAQ: ACB) fared worse with a more-than 7% decline. Read More...
MarketWatch
5 things you really should not buy in 2023
The recession drum beats on, interest rates are rising, and the stock market has taken a tumble, and yet retail sales have risen 6.5% in the last 12 months, trailing a 7.1% increase in the cost of living. The personal saving rate — meaning personal saving as a percentage of disposable income, or the share of income left after paying taxes and spending money — hit 2.4% in the third quarter from 3.4% in the prior quarter, the Bureau of Economic Analysis said. Are people buying stocks during a bearish market, and/or have they run out of their pandemic-era savings?
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