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- Its Monday Morning - Welcome to the SHOW
Its Monday Morning - Welcome to the SHOW
William McNarland & Anthony Varrell
January 29, 2024
Happy Monday Everyone,
Welcome to the maiden voyage of the Baked In Newsletter! Unlike the Detroit lions you now won’t have to gamble when faced with life-changing decisions! You’ll be equipped with information to make actionable decisions across the thematic investing landscape and beyond. Our goal is for you to be so on top of the markets your portfolio will be singing like T Swift wrapped up in Kelce’s arms. So sit back, relax, and enjoy the next 7 minutes and 48 seconds of your morning as you get BAKED.
See how marijuana legalization is gaining support across various demographics and political parties in the U.S. Our latest blog breaks down recent survey data, showing the potential impact on future elections and policy changes. Visit our website for a detailed analysis.
Read about the rise of cryptocurrency in Asia. Uncover how countries like the UAE and Vietnam are leading in digital currency adoption, and how, despite strict bans, nations like China are finding ways to invest in crypto. Interested in how this impacts traditional markets? Visit the TDR website to learn more.
Discover the significance of Cash Per Share in our latest TDR University blog. Understand its role in assessing company liquidity and its limitations. Stay tuned for our analysis on tech companies with unique investment potential, based on their net cash positions being higher than their market cap! Read the full blog on the TDR website.
Watch the latest episode of the Trade To Black podcast where Shadd and Anthony explore crucial CEO of Sunburn Cannabis, discussing a major DOJ cannabis policy shift. We also cover market movements, including Curaleaf's new adult-use sales and Global X ETFs' liquidation of cannabis funds, along with record-breaking sales in Massachusetts and Missouri. Join us for an insightful discussion on how these changes could reshape the cannabis industry at this link:
Quick Hits
1: BTC Is Back Baby
BTC is back on the up and up. This weekend we broke through the $24k mark and it looks like Barry and the boys over at Grayscale are done selling. Will look for continued strength this week in the underlying $BTC, miners $MARA and $RIOT and the grandaddy of them all $COIN.
2: Big Tech On Deck
We are looking at a pivotal week for the market as all major indexes are flirting with ATH and the a yuge part of the Mag 7 are on deck for earnings. $MSFT, $APPL, $META, $AMZN and $GOOGL all report this week. Why does this matter to us? We need the continued momentum of broad market to trend to the upside to make way for a capital rotation into riskier assets. I would say keep your eyes peeled but we’ll now be doing this for you every morning. God speed.
3: Can Cannabis “Survive”
Its been a nice couple of weeks to be a cannabis investor. We have gotten a couple of headlines we needed around Florida adult use and the Davie Boies lawsuit (Jason Wild you the man) which brought some buyers back into the market. The big hurdle this week is if $MSOS can maintain above $9 and potentially crack $10 without the godly DEA headline we are all waiting for. Keep your eyes on the prize.
Join us for a must-see episode of the 'Trade To Black' podcast, where Shadd and Anthony welcome the renowned Don Murphy. A former Maryland General Assembly member turned leading cannabis lobbyist, Murphy is renowned for his role in passing critical legislation like the Rohrabacher and McClintock spending amendments, as well as advocating for SAFE Banking and 280e reforms. This episode also introduces our new Monday segment with Dan S. Ahrens, Managing Director & COO of AdvisorShares. Murphy, hailed as a top federal cannabis advocate by Politico and America’s foremost conservative legalization advocate by Leafly, brings his extensive experience and unique insights, having been featured in Bloomberg, the Washington Post, and as the original sponsor of the pioneering Darrell Putman Compassionate Use Act. Tune in for an insightful session full of valuable discussions.
Bill McNarland shares his top articles of the week, offering a concise overview of diverse and topics. Read about the EU's €6.5M PsyPal trial, the effect of FTX's sale on Bitcoin and ETFs in 2024, potential acquisition targets in the cannabis industry, and insights from the newly launched TDR University series. Plus, learn about the challenges stalling psychedelic research in California. For detailed analyses and insights on these significant issues, visit our website and read the full articles.
Thanks for reading today’s Baked In—see you soon!
Written by Bill McNarland