Archives for September 2018

September 2018 - Page 10 of 16 - Money Morning - Only the News You Can Profit From

Marijuana Stocks Just Got a Massive Catalyst from the NFL

New research now suggests that cannabis may have positive effects in the fight against chronic traumatic encephalopathy (CTE), a degenerative brain disease brought on by repeated head trauma over the years.

To be sure, the National Football League is now very much aware of CTE diagnoses among its players. And despite its unfortunate legacy of sweeping the problem under the rug, a now proactive NFL is trying to combat it.

This could end up being a massive catalyst for marijuana stocks...

These Numbers Could Push the Fed to Do Something Stupid

The Daily Treasury Statement data for the end of August showed some improvement in total tax collections, including a slight uptick in withholding taxes and an even bigger increase in excise taxes.

The numbers suggest that an early summer slowdown has ended. After the expected downward revisions in June and July jobs data, the August uptick in jobs was not a fluke. And the excise tax data suggests strong retail sales.

So, not an altogether bad summer – if you happen to be a politician or government taxman. But what about for investors?

Well surprise, surprise, surprise! Good news is bad news, which is what we've been talking about here all along.

Good economic news, as presaged by the uptick in tax receipts, will encourage the Fed to keep tightening.

And tighten it shall, in two ways: Most importantly (and most destructively), it will drain more money from the banking system. Secondarily, it will continue to rubber-stamp tightening money markets by raising the federal-funds rate.

And that, as I have been shaking my fist at the sky about for months, is really bearish.

The stuff has not hit the fan yet, but it is coming...