The observation about an acceleration in Ohio same-store sales (following a hemp ban in March) was something I commented to one of our subs a week or so ago — when he expressed concerns about statewide unit sales.
Position: None
What will be particularly hard felt will be the large amount (outstanding) of U.S.-denominated debt by non U.S. entities — particularly in light of the strength of the U.S. dollar.
Will this be the next “thing” to be concerned about?
Position: None
Position: None
* Just ask Howard Marks, Lee Cooperman and others…
A low equity risk premium is at the core of my ursine market view.
Essentially, today’s “paper thin” ERP implies that market participants view bonds as more risky than equities.
And that is just stupid.
Position: None
As I estimated, the S&P Short Range Oscillator moved to slightly overbought (at 0.06% vs. the previous day of -0.66%) after being oversold in the -5% area for several weeks.
I have no Index positions on currently.
Position: None
Yesterday’s cannabis news was the first industry “win” in a long time! Here is a timeline of X posts on the announcement:
(20) DEA Pushes Forward on Marijuana Rescheduling Despite GAO Report / X
In the after hours and following the decision I added weed exposure.
Position: None
Position: None
