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🙌 Ride The Wave 🌊

🙌 Ride The Wave 🌊

William McNarland
April 04, 2024

GM Everyone,

Sometimes it's better to swim with the current than fight it, and my friends, one of those times is now. We are witnessing a meteoric rise in Canadian LPs that is mind-boggling to some, genuinely pissing off a few, and making others who are riding the wave rich. That being said, these moves have been aggressive, and since we can't pinpoint the reason as to why they have begun to move like this, it's anyone's guess when this rally could exhaust itself. We are watching it closely, and whether you want to believe it or not, this is a "rising tide lifts all boats" event. Eventually.

Today’s letter can be read in 7 minutes and 12 seconds.

Canopy Growth has melted faces over the last month
Massachusettes is chosing to “do the right thing” when it comes to letting people out of prison
Apple has officially joined the AI arms race
Rep. Nancy Mace joined us yesterday for an informative conversation on the state of cannabis policy in Washington

Capital Markets this Morning:

The futures are up this morning, here is what is in focus globally for stocks:

Jerome Powell highlights the Fed's data-driven approach amid stable jobless claims and anticipates March's employment data.
Weak ISM service sector data hints at potential cracks in the U.S. economy, affecting the dollar and maintaining high Treasury yields.
Global FX markets watch for Japan's potential intervention to support the yen, amidst a backdrop of low volatility.
Divergent rate cut expectations emerge between the Fed and ECB, influenced by Europe's lagging economy and differing inflation rates.
Upcoming U.S. economic data and Fed officials' speeches anticipated to give further direction to markets today.

Cannabis Stocks: Canopy Growth is up 260% in One Month!

The TDR Takeaway: This article outlines five reasons why Canopy Growth has increased by 260% and Aurora by 137% this month. It examines new data science models that suggest the impact of short sellers withdrawing due to recent positive developments specific to both companies and the industry as a whole. It also answers the question, why Canadian LP’s and not USA MSO stocks? Read the full article on the TDR website!

Cannabis Regulations - Massachusetts Grants Pardon for Misdemeanour Cannabis Convictions!

The TDR Takeaway: Will the rest of the USA States and Fed’s follow Massachusetts’s lead? How does relieve challenges of people that were dealing with these misdemeanour cannabis convictions? Read the full article on the TDR website!

Psychedelic News: Psychedelics are receiving mainstream coverage in National Geographic!

The TDR Takeaway: National Geographic, a historically conservative magazines' coverage of the psychedelics and brain injuries offers a compelling look at an area that many would dismiss. This coverage shows how mainstream these treatments are set to become as people accept science and accounts of people that have benefited. Read the full article on the TDR website!

Crypto: Bitcoin Halving History and Future Projections

The TDR Takeaway: The Bitcoin halving has become a major event in the cryptocurrency world, akin to a once-every-four-year Super Bowl. This article examines what to expect and which economic indicators most significantly impact the price. Read the full article on the TDR website!

AI News: Introducing Apple ReaLM

The TDR Takeaway! Apple has introduced ReaLM (Reference Resolution as Language Modeling), an artificial intelligence system designed to enhance the capabilities of virtual assistants like Siri. It is claimed to be more advanced than the progress made by OpenAI. Read the full article on the TDR website!

Some comments have described this as the best Trade to Black event ever. If you missed it, you can watch it here!

Yesterday’s TDR's Trade To Black podcast features an interview with Rep. Nancy Mace. Our discussion focused on the current wait for cannabis rescheduling, the potential impact of a Trump presidency on the cannabis industry, and the level of access politicians have to the DEA. Get the insights straight from Washington, D.C.

Trade to Black on Tuesday had great perspectives!

Join us for a conversation with Jay O’Malley from MariMed as we explore the future directions of the cannabis industry.