Inside the key ETF events of the month of November.
November was kind to the stock market with major bourses logging the best monthly gain since June.
Cannabis spending rises over the Thanksgiving holiday period, especially Green Wednesday as well as on Black Friday.
Last week was downbeat for the broader market owing to uncertainty over the signing of the ???phase-one??? trade deal between the United States and China.
A wave of disappointing earnings caused a bloodbath in marijuana ETFs last week. However, talks of an end to the federal embargo on marijuana could turn this segment around.
Cocoa ETF was a hot trade last week while cannabis ETF lost the most.
The fourth quarter brings strong gains for Wall Street buoyed by easing U.S.-China trade worries, stronger-than-expected corporate earnings and Fed's third rate cut.
Announcement of phase-one trade deal, Fed rate cut, moderate earnings, marijuana crash and Brexit extension regulated the ETF world in October.
Hexo's downbeat results weigh on marijuana space but many key pot companies are likely to beat in November. This could provide a good entry points to pot ETFs.
Signs of some progress in the U.S.-China trade relation, Brexit doldrums, oil price rally and mixed earnings pulled the stings of the market movement and made these ETFs winners and losers.
Wall Street ended higher last week primarily buoyed by positive developments in U.S.-China trade talks. We have highlighted last week's best and worst-performing ETFs.
Wall Street suffered its worst daily drop since late August and was off to the worst start to a quarter in about a decade with two consecutive days of decline.