Santa Delivers Coal to Investors This Year

SYNOPSIS

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Well, we now have market conditions that are close to the worst in the history of producing TrendWatch Weekly, and there’s no evidence yet that we’ll see a Santa Clause rally. It looks like it’ll be a lump of coal in our stocking this year.

Day by Day… Nothing but negative numbers over the past week, with the S&P down over 7%.

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PTP… Our PTP APAR score actually improved from 28% to 49% in spite of having very few holdings. Meanwhile, the S&P/TSX Composite Index score dropped sharply to -70%, and the S&P 500 APAR is a whopping -113%.

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There was no trading in the PTP last week.

Cannabis Corner… It was another horrible week for pot stocks again, with our “$1 billion market cap club” stocks all down over the past week.