A quick note about $CRON.
A quick note about $CRON.
The Canadian marijuana stocks are raging based on the fact that Canada is going to legalize the recreational marijuana use nationwide. Also the alcohol industry is circling around the pot industry. Constellation Brands, Inc. (STZ) just announced 4 billion dollar investment in Canopy Growth (CGC).
While the S&P 500 and Nasdaq both made an all time high, the DOW is behind. The DOW index is more sensitive to the trade war due to the fact that the multi-nationals derive significant portion of their revenue from China.
The US listed Chinese stocks just had two months of brutal selloff! The good earnings didn’t matter. Everything was sold because of the trade war scares. $SOGO was not exempt either. Despite all the negatives, we would like to take a closer look of $SOGO.
Can the US stock market continue to go up while the emerging markets are experiencing an acute bear market? Since the beginning of the bull market in 2009, it has experienced two major corrections, one was in 2011 and the other was in 2015. The two corrections were both caused by the disturbances outside of the US.
