With that said, while market “pullbacks” are normal, they have come with much less frequency this decade than most. So far in the 2010s the market has seen a 5% pullback 27 times, or 2.7 times on average each year. This is lower than the overall average of 3.3 per year and much lower than the average of the previous decade of 4.7 per year as the 2000s experienced a total of 47 such moves.
Dorsey Wright
This chart from TD Securities shows that traders in the fed fund futures market now foresee around two rate cuts before the end of 2019 as heightening trade tensions have stoked worries over the economic outlook. Expectations of easier policy gained ground on Friday after President Donald Trump threatened to wield tariffs against Mexican imports unless the country stemmed the flow of migrants to the U.S. southern border.
“When the industry starts to move toward commoditization over the next decade,” says Henderson, “Colombia is the only place that makes sense.” An equatorial climate and low-cost, skilled labor give Colombia a clear advantage in agricultural trade. And that makes the nation a threat to North American companies like Canopy Growth (ticker: CGC), Tilray (TLRY) andAurora Cannabis (ACB). These firms have invested hundreds of millions of dollars in building the climate-controlled grow-operations needed to grow weed in cold latitudes.
Most Canadian companies nurse the long-term hope of getting their production costs below two Canadian dollars per gram of cannabis. Colombian producers say their costs will start well below 50 cents a gram—and go down from there.
The Next Threat to Big Marijuana Companies Comes From Way South of the Border
Bill Alpert
https://www.barrons.com/articles/colombia-marijuana-production-51559321831?mod=hp_DAY_7
Investors seeking yield are piling into the riskiest corner of the municipal bond market at a pace not seen in decades.
They have poured $8 billion into funds that deal in high-yield muni bonds—or junk munis—this year, the most through May since at least 1992, according to Refinitiv data. Muni-bond funds overall have attracted $37 billion during that same period, the most in almost three decades.
Funds dealing in high-yield munis have drawn $8 billion as investors search further afield for returns
By Gunjan Banerji
https://www.wsj.com/articles/risky-municipal-bonds-are-on-a-hot-streak-11558949401?mod=itp_wsj&ru=yahoo
