Podcast: Data From 600 Pot Retailers and Two Other Numbers You Need to Know
Numbers By Barron’s is a two-minute financial podcast with three vital numbers to start your morning. Available on iTunes, Stitcher, and wherever you get your podcasts-as well as on your Amazon Alexa smart speaker
Three numbers to start your day:
-those were enough to put investors in a jolly mood. That’s because those words refer to his view of the so-called neutral rate — an interest rate level that neither aids nor restricts economic growth. Basically, we’re almost there.
It’s just semantics, one investment executive says, but Powell’s tune yesterday was different than in October-when he said “we’re a long way” from neutral, meaning the Fed would be more likely to raise interest rates.
The impact of Powell’s latest words: Stocks rallied. 2-Year Treasury yields declined a bit. The dollar sank. Gold glittered.
Of course, the hope is that President Trump and China’s Xi Jinping will hash things out at the G-20 meeting in Buenos Aires on Saturday.
Investors cheered the possibility of a trade breakthrough. That optimism gave emerging market stocks, including Chinese stocks, a lift on Wednesday.
That’s because stakes are high. Tariffs at full tilt could hit company earnings so hard that they wipe out any profit growth globally next year. So says Goldman Sachs.
The data offer information about trends in the pot industry.
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