Month: August 2019

The combined new entity of this Cannabis producer will cover 19 states in the U.S. with 68 operating dispensaries and licenses for an additional 63. Its revenues have surpassed $250 million in 2018 and reached nearly $90 million in the March 2019 quarter

In 2020, the consensus forecast for sales is about $900 million

Nearly 80% of the world’s legal pot sales this year will be in the U.S. according to Compass Point Research and Trading. By 2020, U.S. cannabis companies are expected to rake in $4.7 billion in sales

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Terrorism, Riots (Read HK), and all sorts of events constructed to disrupt the economy are all due to one factor: The Wealth Gap

Bloomberg: Federal Reserve Chair Jerome Powell cited the need to help “those left behind” in one of his first comments after the U.S. central bank cut interest rates on last Wednesday

Bloomberg: In the later stages of America’s decade-long economic rebound, “wages have been rising particularly for lower paying jobs,” Powell said early in his press conference in Washington. “This underscores for us the importance of sustaining the expansion so the strong job market reaches more of those left behind.”

Goldman: the chances of RMB depreciation have increased for two reasons:

(1) it will be harder for the government to defend the currency given the additional tariffs

(2) part of the reason for China to defend the exchange rate was to facilitate the trade negotiations

SocGen: “As we have learned in the past, fun­da­men­tals alone are in­suf­fi­cient for the Chi­nese yuan to break 7,” said Ja­son Daw, head of emerg­ing-mar­kets strat­egy at So­ciété Générale. “Pol­icy mak­ers have the tools to stop it and, put sim­ply, it is their choice what hap­pens.” While the Chi­nese cur­rency hasn’t breached that level in a decade, he said the odds of the yuan break­ing 7 in the next month or two has in­creased sub­stan­tially

On Fri­day, the yuan de­pre­ci­ated be­yond 6.9 to the U.S. dol­lar in the off­shore mar­ket, hit­ting 6.9769—its weak­est since No­vember. The on­shore yuan staged its big­gest sin­gle-day drop in 2½ months

NOTE: Chi­na’s cen­tral bank hasn’t set a mid­point for yuan trad­ing weaker than 6.9 since De­cem­ber

Macquarie: “I don’t think Bei­jing would use a mas­sive de­pre­ci­a­tion of the yuan as a tool to off­set the neg­a­tive im­pact from an es­ca­lat­ing trade war,” said Larry Hu, the Hong Kong-based head of greater China eco­nomics at Mac-quarie. “It’s a dou­ble-edged sword, as a sig­nif­i­cantly weaker yuan is go­ing to hurt in­vest­ment sen­ti­ment and cause cap­i­tal out­flows.”

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Walt Disney Inc. is scheduled to release earnings after Tuesday’s close. The stock just hit a record high of $147.15/share and closed on Fri at $141.82/share post-market. Our Algo Expects The Stock To Stage A Breakout Upwards On Strong Numbers • Walt Disney is expected to earn $1.76/share on $21.68 billion in revenue. The Whisper number is $1.80 • Email Now To Access Our Next DIS Algo Trade Alert: inquiries@ppchk.net

Mon: KLA, Linde, Loews, Marriott International, Takw-Two Interactive Software, Tyson Foods

Tues: Becton Dickinson , Discovery , Emerson Electric , Fidelity National Information Services, FleetCor Technologies , Microchip Technology , Regeneron Pharmaceuticals ,Walt Disney , Zoetis

Wed: American International Group, Booking Holdings, Capri Holdings, CVS Health, Fox, NRG Energy, TripAdvisor

Thurs: Activision Blizzard, Cardinal Health, CBS, Norwegian Cruise Line Holdings, Uber Technologies, Viacom

Fri: E.W. Scripps, Hospitality Properties Trust, Tribune Media

The Conservative party chairman has refused to rule out the possibility of an election this year amid growing speculation that Boris Johnson is gearing the party up to go to the country • James Cleverly said the Government would not “initiate” an election despite only having a working majority of one, leaving open the possibility of ministers being forced into a poll • Email Now To Access Our Next GBP Algo Trade Alert: inquiries@ppchk.net

On Friday, President Donald Trump signed a budget bill that suspends the debt ceiling for two years • This has just given the U.S. Treasury the capability to issue more bonds to cover a burgeoning budget deficit that’s projected to hit $1 trillion this year • Deutsche Bank chief U.S. economist Torsten Slok recently estimated that the biggest holder of U.S. Treasuries are American pension funds, insurance companies, and the Federal Reserve • “Treasuries are still considered a safe-haven asset,” said Eric Stein, co-director of Global Income for Eaton Vance Management, which has around $440 billion in assets under management. “No market is as deep as the Treasury market.” • Foreign inflows into longer-term U.S. debt turned positive in April for the first time this year, Goldman Sachs noted recently — but there was a catch: Global investors are increasingly parking their money in agency securities and high-grade corporate bonds • Where Are 10Y Bond Yields Headed? Email Now To Access Our Bond Market Algo Trade Alerts: inquiries@ppchk.net

Dollar Bulls Watch Out: On July 26 Trump said that a strong Dollar made it “difficult to compete”. Trump contradicted Larry Kudlow who said that the U.S. would not intervene in the currency markets • Foreign holdings of Treasuries were at a record high of about $6.5 trillion in May • Investors have few alternatives in a world where many bonds in Europe and Japan actually pay negative yields, compared with about 2% for 10-year Treasuries • Citigroup’s Catherine Mann warns that Trump’s push for a weaker dollar could begin to crimp that inflow of international money • Where Is The U.S. Dollar Headed In 2019? Email Now To Access Our Next Dollar Algo Trade Alert: inquiries@ppchk.net

Renowned market professional El-Erian points out that it has been difficult for certain active equity managers to ourperform consistently. This is the reason why funds have been flowing into passive #mutual funds and #ETFs. At Blue Phoenix Financials, We Have Been Averaging At 20% Per Trade As We Pursue ETF trading strategies that enable us to Buy ETFs 10% below market. PM Us Now For A Chat Or Email Us At inquiries@ppchk.net to arrange for a call

This seafood producer has climbed 15.5% this year and our Algo sees further upside of 15% after a Correction • The Co is worth >$6 billion and trades for 14 times estimated 2020 earnings • Sales have grown by almost 8% a year on average for the past three years • Email Now To Access Our Next Algo Trade Alert: inquiries@ppchk.net