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The Inverting Yield Curve Is About More Than Recession This Time

(Bloomberg) — A key slice of the U.S. yield curve inverted on Thursday for the first time since October, reviving memories of growth fears that plagued investors last year and signaling doubts that the Federal Reserve will succeed in reviving inflation.The gap between the yield on three-month and 10-year Treasuries at one point slipped to as low as minus 2 basis points on Thursday. The spread — seen by some as a warning signal because it has inverted before each of the past seven U.S. recessions — last reached those levels as economic conditions deteriorated at the height of the …read more […]

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3 U.S. Marijuana Stocks Set to Benefit From Expanded Recreational Cannabis Sales Approvals

The U.S. cannabis market enters 2020 with plenty of catalysts for higher sales and better profits for industry participants. One of the primary ways to benefit from immediate growth in the sector is via state level approval of medical or recreational cannabis sales while the Federal government slowly pushes towards eventual Federal approval.The recent start of recreational cannabis in Illinois and Michigan are prime examples of how U.S. multi-state operators (MSOs) can immediately benefit from having existing cannabis operations in a particular state. The state had an estimated $200 million in medical marijuana sales with research predicting sales surging to …read more […]

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Novogratz Earned a ‘Black Eye’ Shorting Tesla, Still Sees Bubble

(Bloomberg) — Billionaire investor Michael Novogratz says he earned a “black eye” after shorting Tesla Inc. because the surge in the share price resembles the Bitcoin bubble.“I got cocky and tried to pick the top of a bubble and I got a black eye,” Novogratz, chief executive officer of Galaxy Digital Holdings Ltd., said during a Bloomberg Television interview in Miami Beach, Florida.Novogratz said that Tesla, like Bitcoin back in 2017, is no longer a “fundamental story” and is driven now by the compelling narrative and “any bit of good news,” such as Wednesday’s stronger-than-expected quarterly results. As with Bitcoin, …read more […]

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Southwest pilots flew millions with unconfirmed maintenance records: WSJ

Southwest Airlines is under pressure after a recent government report to be released in the coming days says the airline flew more than 17 million passengers on planes with unconfirmed maintenance records over the course of two years, according to the Wall Street Journal. Yahoo Finance’s Alexis Keenan joins the On the Move panel to discuss. …read more […]

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Why Medical Cannabis Advocates Are Still Battling

In 1996, Californians cast their ballots for Proposition 215. This legalized medical marijuana in the state.
Over the next handful of years, Alaska, Colorado, the District of Columbia, Hawaii, Maine, Nevada, Oregon and Washington followed suit.
And that momentum didn’t die down. Today, 33 states have legalized medical cannabis. Roughly 60% of Americans live in a state that allows legal access to medical marijuana.
But there’s still plenty of work to be done.
To discuss this, I’m joined today by Americans for Safe Access (ASA) interim director, Debbie Churgai.
For nearly two decades, the nonprofit has been a champion for patient rights and consumer safety, …read more […]

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How to Play the Novel Coronavirus

Newspapers, television networks and social media exaggerate bad news for ratings and clicks – evidenced by the recent coronavirus coverage.
Today, Alexander Green explains why wealth builders don’t need to buy into the panic.

Over the past two months, I’ve written several columns explaining how the mainstream media hypes bad news and overlooks the good, undermining investors.
Reports of the novel coronavirus provide a near-perfect example.
There is nothing positive about a mysterious new epidemic, of course. (Unless you’re in the media, since “nothing good” is their stock and trade.)
Thanks to saturation coverage, most readers already know that…

There are already more than 6,000 confirmed …read more […]