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A 2 Apple: What’s Mine is Yours

October 15, 2018

The more we share, the more we have.

— LEONARD NIMOY

We are all connected in the great Circle of Life.

— RAFIKI IN LION KING

I feel your pain.

— PRESIDENT BILL CLINTON

BOOM! The U.S. economy is roaring ahead with a GDP growth rate over 4%, fueled in part by tax cuts. Unemployment is at 3.7%, which is the lowest its been since 1969. The dollar is surging. Inflation, as measured by CPI, is nearly zero coming in at 0.1% for September.

BANG! Despite the aforementioned, stocks fell hard last week with NASDAQ dropping 3.7%. The S&P 500 fell 4.1% and the Dow was down 4.2%. Worse off were emerging markets with the Shanghai Composite off 5.2% and nearing four year lows… and every other major market was negative last week. The exception was Brazil, whose stock market was catalyzed by investors support of Jair Bolsonaro in the Presidential election.

BONG! Recreational marijuana use becomes legal in Canada on Wednesday, October 17th. Canada will become the second country in the World after Uruguay to make pot legal. The United Nations has said the market for marijuana is over $150 billion, which is almost double the size of the coffee market. That’s reason enough to see cannabis companies such as Canopy and Aphria’s market value and valuation metrics surge in the past couple years to $10 billion and $3 billion, respectively.

 

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