NewCover with LOGO

07-JULY 24-2020

                                                                          Good morning.
Okay Everyone... Take FiveApple had to get one of the most back-handed price target increases in history.  The Goldman Sach’s analyst raised the target from $263 to $299 and said that investors should “avoid” the stock as its rally is “unsustainable.”  Of course, the price target increase is over $70 less than its current price, but it drives home the notion that bears are starting to feel emboldened and the aging bull is getting tired.

Now here’s the rest of the news:

 

July 24, 2019

“Weed legalization gets bipartisan support” (no joke)

This ’tidbit’ originally appeared in Wealth Daily.

“US lawmakers look to legalize pot in ‘historic’ marijuana reform hearing”

That was the headline from CNBC last week, after congressional committee members convened for the first-ever hearing on ending marijuana prohibition in the U.S.

In case you didn’t get that, let me say it one more time: the first-ever hearing on ending marijuana prohibition in the U.S.

Fox Business echoed CNBC’s reporting, saying, “Marijuana legalization gets bipartisan support in ‘historic’ hearing.”

The development deserves repeating because of how incredibly monumental it is for the marijuana industry and its investors.

**  **  ***  **  **

U.S. home prices have been on the rise since 2013, but wage growth reveals people are working more for less purchasing power.  It looks like there’s a fatal flaw in the Fed’s monetary policy, and it’s asset buyers who could be paying the price in the form of inflation.  (Even shinier … gold.)

All this as gold’s summer sparks could continue into next Fall.  (As recession fears persist, one research firm says the stellar movements gold has seen seeing this summer should continue into the next quarter.)  This Week’s Quote comes from Andrew Addison:

“The price of gold has gained 9.6% to $1404.30 an ounce this year, and my work projects the precious metal will move substantially higher from current levels as it starts a new bull market. The fundamentals and technicals are aligned for gold to maintain its upward trend in the coming months.”

**  **  ***  **  **

Oh!  Did you hear the rumor about butter?  Well, I’m not going to spread it! 

IMG_0712
Come From Aways, Do You?

More Posts

01-JANUARY 21-2021

Today! January 21, 2020 Role models … they can be either good or bad.  Hopefully we know which lessons to reinforce moving forward, and which

01-JANUARY 20-2021

Good morning. The big banks have nearly all reported earnings. And while many analysts have been concerned about how the banks can profit when interest

01-JANUARY 19-2021

Good morning. This week marks a large number of corporate earnings.  Giants such as Intel, Netflix and Goldman Sachs, among others, will report.  These numbers

01-JANUARY 18-2021

Good morning. Joe Biden didn’t offer too many surprises when he listed his economic proposals.  He did, however, suggest raising the minimum wage to $15

01-JANUARY 17-2021

“Don’t take yourself too seriously.  Be the person who brings joy, humility and fun, even as you strive to reach difficult goals and make your

01-JANUARY 16-2021

Healing the Post-Holiday Blues Hangover If you’re feeling a little blue – or downright depressed – after the holidays, you’re not alone.  Post-holiday blues (and

01-JANUARY 15-2021

Good morning. The stimulus narrative continues to be the driver of the market in the short-term.  Case in point?  Yesterday’s slight market gain evaporated when

Like this article?

Share on facebook
Share on Facebook
Share on twitter
Share on Twitter
Share on linkedin
Share on Linkdin
Share on pinterest
Share on Pinterest

Leave a comment

Send Us A Message