Jared Dillan at @dailydirtnap has an excellent article written by one of his subscribers on the failure to launch of #cannabis stocks. I suggest you go read the whole thing. Here's an excerpt. #CoSoFinance

A reader alerted me to #cannabis company Chalice Brands in Oregon not paying what it owes to small farmers. I'm vaguely aware of it. Not a big deal for me because I've never recommended CHALF. Here's a link, though. #CoSoFinance https://www.wweek.com/news/2023/01/04/small-oregon-cannabis-businesses-say-publicly-traded-weed-giant-chalice-owes-them-tens-of-thousands-of-dollars/ #Cannabis

Auto loan payments are becoming the new mortgage. The percentage of US consumers paying at least $1,000 a month for their cars accounted for almost 16% of consumers who financed a new car in Q4, up from 10.5% a year earlier. #CoSoFinance Source is http://Edmunds.com, but the story is on Bloomberg. https://www.bloomberg.com/news/articles/2023-01-05/car-owners-strain-as-more-loan-payments-soar-to-1-000-a-month?sref=QycjPqYS

The weekly U.S. jobless claims fell to lowest level since September. This sent the U.S. market futures skidding lower.
Around 204,000 people applied for first-time unemployment benefits last week - down from the previous week's total of 225,000, less than expectations also of 225K, and below the pre-pandemic weekly average of 218,000. #CoSoFinance https://www.kitco.com/news/2023-01-05/U-S-weekly-jobless-claims-drop-to-204-000.html?utm_source=dlvr.it&utm_medium=twitter

The U.S. #TradeDeficit in November 2022 plungesd 21% to $61.5 billion. #Exports down 2.0% to $251.9 billion. #Imports down 6.4% to $313.4 billion (seasonally adjusted). Americans are tightening their belts and buying less made-in-China junk. November's trade deficit was the lowest since September 2020 ($59.1billion) #CoSoFinance https://t.co/ELorSSWR1y

There is a recession -- in big tech. Amazon is laying off 18,000 workers. Salesforce says it will cut 10% of its workforce. Google plans to fire 6% of employees. #CoSoFinance https://www.cnbc.com/2023/01/05/5-things-to-know-before-the-stock-market-opens-thursday-january-5.html

2 snapshots of where U.S. dividend paying stocks are now. 2022-Q4 is the most negative for dividend-paying firms since the aftermath of the Coronavirus Recession. Energy, real estate and finance are taking the most hits. #CoSoFinance https://seekingalpha.com/article/4568004-dividends-december-2022-2022-q4

Should be bullish news for copper and other base metals.
China's southern manufacturing hub of Guangzhou plans 1,722 projects in 2023 worth more than 6.5 trillion yuan ($945 billion), state media CCTV reported on Thursday, after the city was hit by stringent COVID-19 curbs in late 2022. #CoSoFinance https://www.nasdaq.com/articles/chinas-southern-manufacturing-hub-guangzhou-plans-projects-worth-$945-bln

Even if the U.S. avoids a recession in 2023, American consumers and investors could face a grinding slowdown that likely won’t let up until 2024, according to Moody’s Analytics chief economist Mark Zandi, who this kind of protracted downturn a “slowcession”. My question: If the consensus anticipates a recession, doesn't that raise the odds we'll avoid one? #CoSoFinance https://www.marketwatch.com/story/forget-recession-the-u-s-is-heading-for-a-slowcession-that-could-last-all-year-moodys-warns-11672784240?mod=home-page

Gold futures tally a 4th straight session gain as the dollar weakens, yields retreat. Though gold did give up some ground after the release of the Fed minutes. #CoSoFinance https://marketwatch.com/story/gold-hits-fresh-6-month-high-as-dollar-weakens-yields-retreat-11672839177?reflink=mw_share_twitter

None of the 19 top Federal Reserve officials expect it will be appropriate to cut interest rates this year, according to the minutes of the central bank’s December policy meeting released Wednesday.

Fed officials welcomed recent inflation data that showed reductions in the monthly pace of price increases, but wanted to see a lot more evidence of progress to be convinced inflation was on a sustained downward path, the minutes said. #CoSoFinance https://www.marketwatch.com/story/no-fed-official-expects-interest-rate-cuts-will-be-appropriate-this-year-minutes-show-11672859007?mod=mw_latestnews

The Federal Reserve ended 2022 with a firm promise at its December policy meeting that interest rates would continue rising this year, but at a slower pace and perhaps only by another three-quarters of a percentage point.

That session's readout, due to be released at 2 p.m. EST (1900 GMT) on Wednesday, may provide further insight into just how the endgame of the current tightening cycle will play out #CoSoFinance https://www.fidelity.com/news/article/top-news/202301040608RTRSNEWSCOMBINED_KBN2TJ0J2-OUSBS_1