We could not be more excited to share this post from Micheal Vodicka of Cannabis Stock Trades!
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The U.S. economy is in a funk.
Second-quarter gross domestic product (GDP), the broadest indicator of economic strength, clocked in at just 1.1%, well below expectations of 2.4%.
In economics, 1.1% GDP growth is the equivalent of “holding your nose just above water.”
In the meantime, the S&P 500 is mired in a nasty earnings recession. Earnings have now declined for the last five quarters. The last time that happened was in 2009 during the financial crisis.
The weak economy has created a dilemma. Investors are desperately searching for growth.