Cannabis sales and prices are falling apart in the Golden State as overproduction and a glut of dispensaries have far outpaced demand. Can cannabis tourism rescue the industry, or will the stigma of the Schedule 1 controlled substance linger over a state that has been built on family fun destinations like Disneyland and Universal Studios? From the Visit California Outlook Forum in Palm Springs, a panel conversation with Peter Gamez, the President and CEO of Visit Oakland, Wendy Hasse-Roberts, the President and CEO of Travel Santa Ana, and Brian Applegarth of Destination Cannabis. Plus, sector rotation is under way in the stock market as energy stocks take the lead and tech stalls. Is this a sign of lower lows for the market, or just a reset and a wink back at the year 1995?

LINKS FOR SHOW NOTES:

https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html

https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8609500

https://www.investopedia.com/terms/c/committee-foreign-investment-united-states-cfius.asp

https://industry.visitcalifornia.com/events/past/outlook-forum-2024

https://www.linkedin.com/in/brian-applegarth/

https://theemeraldcup.com/

https://www.investopedia.com/marijuana-legality-by-state-4844504

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Gold prices are at all time highs as the precious metal is having another moment in the sun amid geopolitical uncertainty, sticky high inflation and the highest interest rates in over 20 years. Louise Street of the World Gold Council, a membership organization of some of the biggest gold miners and companies in the world, explains why investors are leaning back into this historical store of wealth. Plus, the biggest stocks in the market are fading as the rest of the market plays catch up. Is this the sign of a healthy bull market, or a late-cycle fade in this historically strong bull market.

LINKS FOR SHOW NOTES:

https://www.investopedia.com/why-did-gold-prices-hit-all-time-highs-8604361

https://www.garzarelli.com/

https://www.investopedia.com/feb-2024-jobs-report-8606247

https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8606449

https://thegoldenthread.gold.org/

https://www.gold.org/what-we-do

https://www.gold.org/news-and-events/press-releases/geopolitical-and-economic-uncertainty-bolster-gold-demand-and-prices

https://www.upjohn.org/labor-leverage-ratio

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Markets are setting record highs across sectors and asset classes and investors get even more comfortable taking on risk. Matt Hougan, the Chief Investment Officer of Bitwise joins The Express with a front row seat inside the storm of assets flowing into those new spot Bitcoin ETFs, including Bitwise's BITB. Hear why Matt thinks this surge in inflows is just the beginning, and how big the Bitcoin ETF market can be in the next five years.

LINKS FOR SHOW NOTES

https://business.bofa.com/en-us/content/market-strategies-insights/weekly-market-recap-report.html

https://www.aaii.com/sentimentsurvey

https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8603107

https://bitwiseinvestments.com/crypto-market-insights

https://bitbetf.com/

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Jim Bianco, the President and Macro Strategist at Bianco Research, tells us why Wall Street might be very wrong about rate cuts, inflation, crypto ETFs and the bond market. Plus, he compares the rise of A.I. stocks and crypto with other frothy periods in history and explains how these usually play out. Plus, the meteoric rise of Nvidia and other chip stocks has brought out the options army in full force. They are calling for much higher prices. Will they be 'in the money'?

LINKS FOR SHOW NOTES

https://www.investopedia.com/berkshire-hathaway-fy2023-earnings-key-takeaways-8599175

https://www.investopedia.com/terms/a/average-daily-float.asp

https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8599318

https://www.biancoresearch.com/visitor-home/

https://twitter.com/biancoresearch

https://www.berkshirehathaway.com/2023ar/2023ar.pdf

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JC Parets of AllStarCharts rejoins the show to help us identify the weaknesses across the capital markets as the major equity indices dance around all time highs. Why we need to pay attention to the strengthening Dollar, the Polish Zloty, Copper prices and tumbling Treasuries to know what will happen next to the stock market. Plus, are we witnessing Meme Stock 2.0 as stocks like Abercrombie & Fitch, Super Micro Computer, Texas Roadhouse and WingStop have been on head-spinning rallies? What's similar, but very different about this recent bout of irrational exuberance.

LINKS FOR SHOW NOTES:

https://www.cftc.gov/sites/default/files/idc/groups/public/@swaps/documents/file/hr4173_enrolledbill.pdf

https://www.investopedia.com/terms/b/buyback.asp

https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8584380

https://allstarcharts.com/blog/

https://www.welcomeuruguay.com/vinos/uruguayan-tannat.html

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Sonia Dumas, a futurist and co-founder of Campaign Coach A.I., joins the show to explain how A.I. is being used across industries from real estate to financial planning to enhance productivity and profitability, and why we there is nothing 'artificial' about it. Plus, more record highs for the stock market despite very thin breadth is just one reason doubters don't think this rally can last. Also - it's been a tough market for cheap stocks as investors keep favoring the biggest, most expensive companies.

LINKS FOR SHOW NOTES

https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8575023

https://www.investopedia.com/what-you-need-to-know-ahead-of-closely-watched-cpi-inflation-report-8575435

https://www.investopedia.com/terms/f/form-13f.asp

https://www.investopedia.com/terms/r/russell_1000index.asp

https://www.investopedia.com/terms/a/artificial-intelligence-ai.asp

https://www.linkedin.com/in/soniadumas/

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Matt Garland, aka 'MG The Mortgage Guy', on what to expect for the U.S real estate market this Spring as mortgage rates fall and demand comes storming back. Whether you are a potential buyer, seller, investor, or broker, Matt shares his best advice on how to prepare to capitalize on the real estate reawakening. Plus, the stock market tops more record highs, but there are rising rumblings about the strength of one of the narrowest bull markets in history. And, why investors should hope for a blowout in Sunday's Super Bowl.

LINKS FOR SHOW NOTES:

https://www.investopedia.com/what-we-learned-from-big-tech-earnings-enterprise-ai-is-paying-off-8557870

https://www.investopedia.com/individual-investors-warming-to-the-rally-as-markets-touch-new-highs-8556574

https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html

https://www.investopedia.com/what-to-expect-in-the-markets-this-week-feb-5-2024-8557875

https://www.super.social/ss/mgthemortgageguy

https://www.investopedia.com/terms/s/superbowlindicator.asp

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Peter Oppenheimer, the Chief Equity Global Strategist and head of Macro Research at Goldman Sachs in Europe, explains the new Post Modern Cycle investors are living in, and what it means for our future returns. Plus, we are investing in the land of giants again as Microsoft tops the $3 Trillion in market value and several other companies join the Trillionaires Club. But that's not stopping them from cutting jobs at an alarming rate.

LINKS FOR SHOW NOTES:

https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_012624A.pdf

https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8550235

https://www.goldmansachs.com/media-relations/in-the-news/current/oppenheimer-oped-folder/bio-oppenheimer.pdf

https://www.goldmansachs.com/intelligence/topics/economic-outlooks.html

https://www.amazon.com/Long-Good-Buy-Analysing-Markets-ebook/dp/B086Z82KRW

https://www.investopedia.com/terms/i/idiosyncraticrisk.asp

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Peter Mallouk, CEO of Creative Planning, joins The Express to help us see the future of financial planning and wealth management as firms like his continue to consolidate the industry. Plus, the S&P 500 finally made it back to new highs after a two year battle with inflation and rising rates. While some investors may feel vertigo, history suggests the good times may keep on rolling.

LINKS FOR SHOW NOTES:

https://www.barchart.com/stocks/highs-lows?timeFrame=alltime

https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html

https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8546676

https://creativeplanning.com/peter-mallouk/

https://creativeplanning.com/insights/

https://www.amazon.com/Money-Simplified-Peter-Mallouk/dp/B0CLZ1W9RD/ref=sr_1_1?crid=2Z8DWE6F66HXN&keywords=money%2C+simplified&qid=1705971993&s=books&sprefix=money%2C+simplified%2Cstripbooks%2C102&sr=1-1

https://www.investopedia.com/trading/continuation-patterns-introduction/

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Sam Ro, the author of TKer, comes back aboard to help us discern what we should be paying attention to, and what we should be ignoring as investors to start the year. From the approval of spot Bitcoin ETFs to the Fed's pivot, the outcry for active management to the unaffordability of the housing market, Sam helps us filter the headlines to focus on what's really important. Plus, CEOs are still worried about inflation and a recession despite decent signs around the economy. Should we also be concerned?

LINKS FOR SHOW NOTES

https://layoffs.fyi/

https://www.conference-board.org/publications/C-Suite-Outlook-2024-leading-for-tomorrow

https://www.sofi.com/article/investment-strategy/liz-looks-at-market-signals-so-far/

https://www.tker.co/

https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8425873

https://www.investopedia.com/terms/o/opportunitycost.asp

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