2019 – Q2 Review – North America

SYNOPSIS

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Well, the chart in the cartoon doesn’t have a time frame, but we do know that Trump’s rants drove the equities markets into bear market territory during Q4 of 2018. But surprisingly the markets bounced back in Q1 2019, when investors recognized that he couldn’t possibly win a trade war with any country. The problem though is that the American people are punished with each of his tariffs, not his target countries. He always gets it wrong, and apparently won’t listen to any of his advisors. There was some upside in Q2 until the “rant, rant, rants” escalated in May. We’re still net up for the first half of the year, but we know that there’s someone we can’t thank for that!

Last week… Another about-face last week, after having reasonable gains a week earlier.

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We added three new stocks last week and sold one.

PTA Perspective… 2019 – Q2 Review – North America
This week and next we bring you our summaries for Q2. While Q1 was a breath of fresh air after a horrific Q4 2018, the May correction took some of the wind out of those sales. Still the first half of 2019 hasn’t been too bad. All of the details for North American stocks are included in this edition of TrendWatch Weekly.

Cannabis Corner… We have our usual updated chart of the performance of the largest cannabis stocks (our “Billionaire Club” based on market cap). This group is still suffering from set-backs in shares prices since the end of Q1.