All Good News in the Pot Patch, but No Move in Stock Prices!

SYNOPSIS

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Trump’s un-winnable trade war continues, with the only victims so far being the people who voted for him, and perhaps Turkey. But winning a trade war with a small country who’s economy has already disintegrated, can hardly be called a victory. It’ll be a cheap time to visit Istanbul, if you’ve been meaning to take a vacation there.

Day by Day… Both markets closed the week lower, but with quite different trajectories. Keep in mind though, that Canadian markets were closed on Monday, hence an initial reading of 0.0% for Monday.

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PTP… Our PTP APAR score advanced 8 points over the week. Meanwhile, the S&P/TSX Composite APAR fell 8 points, as did the S&P 500 APAR. The PTP score has been above its seven-year median (of about 100) for 16 consecutive weeks now.

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As for trading in the ProfiTrend Portfolio, we sold one holding, and added two new ones.

PTA Perspective… All Good News in the Pot Patch, but No Move in Stock Prices!
It’s been puzzling to us that every day brings positive news, views and statistics about the publicly-traded companies in the thematic marijuana market, yet stock prices have not been showing that so much, since the big run-up in fall 2017 and the first month or two of 2018. There have been ups and downs, but nothing near as dramatic as the up-ramp back then. We unravel that narrative this week, and look at some developments in the cannabis ETF space.