We Are Hiring

The stock market is the greatest discounting entity ever conceived; it sees the future better than Nostradamus. And if it’s rallying hard like it has been, it must see good things ahead. The stock market is the greatest discounting entity ever conceived; it sees the future better than Nostradamus. And if it’s rallying hard like it has been, it must see good things ahead. [Wealth Daily logo] We Are Hiring [Brian Hicks Photo] By [Brian Hicks]( Written Jun 10, 2020 I looked at my iPhone. Shit it’s 3 a.m. I barely got any sleep. I nudged my wife; she was half-asleep, too. We got up and rounded up the kids and the dog. The Sequoia was already packed. We left Longboat Key last Thursday around 3:30 a.m. We really didn’t plan it this way, but we left literally a day before the outer bands of Tropical Storm Cristobal reached our paradise. And when I say paradise, I mean it. The pandemic barely touched our island. It was a nice break from the endless parade of COVID-19 doom and gloom. [longboat key no covid] Life on Longboat Key in particular, and in Florida in general, never really changed all that much. The state has COVID-19 testing stations everywhere. I would say the ratio of those not wearing masks to those wearing masks was about 80/20, and it was dropping every day. Gyms and pools were open. People crowded restaurants. Movie theaters were opening. Amusement parks in Orlando were starting to reopen. Life was almost back to normal. [Could All 50 States Really Legalize Cannabis?]( Now, I’ll be honest... if you’d said just a few months back that I’d be talking to you today about the possibility of all 50 U.S. States legalizing cannabis in one massive wave... Well, I would have said: “you’re crazy!” But times have changed, and quite suddenly. COVID-19 has done an incredible amount of damage this country — and states have been hit especially hard. They’re hemorrhaging money. And the outlook for state tax revenue continues to only get worse. This is where cannabis comes in: with the stroke of a pen, states can legalize cannabis and create a brand-new stream of tax revenue — instantly. States aren’t the Federal government. They can’t print money to get themselves out of the hole they’re in. For states, new streams of tax revenue are the only way out. A sudden wave of new state legalizations is certain to create an unprecedented cannabis boom: and early investors will make a complete fortune. It could happen much faster than you think — [let me explain how to get in while there’s still time.]( I didn’t want to leave. And to make it even more bitter, bars were permitted to open the day after we left. [bar reopenings] But we had a bunch of doctors’ appointments that got rescheduled for June and July, so we had to go back north. I didn’t have my usual morning coffee, but the initial adrenaline kept me going for hours. It takes about four and half hours to go from Longboat Key to the Georgia border. Everyone was asleep. Typically, my wife would take over the driving at this point — we usually switch driving duties with each state. But I decided to keep driving. I’m not going to lie; I was dead tired. The sun was coming up, and traffic was starting to get heavy. It was a good sign. In fact, I don’t think I've ever seen so many tractor trailers and tanker trucks on I-95. It was an endless convoy of commerce. I loved it. I kept telling my wife, “This is a good sign. People are out and about. The economy has to be bouncing back.” The next day — Friday, June 5 — the jobs report was released: 2.5 million jobs were added. The market raced higher. Do you remember what I said in last week’s Wealth Daily? The stock market is the greatest discounting entity ever conceived. In other words, it sees the future better than Nostradamus. If the stock market is rallying hard like it has been (NASDAQ just broke 10,000), it must see good things ahead. This is anecdotal, but I think it’s a sign of a broader trend. Everywhere we went in Florida, we saw “We Are Hiring” signs. Retail stores on St. Armands Circle in Sarasota were packed with customers. In fact, I’m writing today from my beach house in Bethany Beach, Delaware, where I'm seeing the same thing: “We Are Hiring” signs are everywhere. My guess is that unemployment is going to rebound hard. The stock market is going to continue to rally. States will continue to reopen even though the virus will continue to spread. People are simply tired of being locked away. The summer continues — even at six feet apart. [Brian Hicks Signature] Brian Hicks Brian is a founding member and President of Angel Publishing and investment director for the income and dividend newsletter The Wealth Advisory. He writes about general investment strategies for [Wealth Daily]( and [Energy & Capital](. Known as the "original bull on America," Brian is also the author of the 2008 book, Profit from the Peak: The End of Oil and the Greatest Investment Event of the Century. In addition to writing about the economy, investments and politics, Brian is also a frequent guest on CNBC, Bloomberg, Fox and countless radio shows. For more on Brian, take a look at his editor's [page](. Enjoy reading this article? [Click here]( to like it and receive similar articles to read! Browse Our Archives [Vroom Is Public]( [American Powder Keg: Why Racial Tension is a Legitimate Market Risk]( [What the New Coronavirus Bill Means for You]( [Fragile Egos, FOMO, and Farm Cash]( [Everything Is Rising… Especially Anger]( --------------------------------------------------------------- This email was sent to {EMAIL}. It is not our intention to send email to anyone who doesn't want it. 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