U.S. markets enjoyed double digit gains for 2014 and finished near record highs. It was encouraging to see small and micro capitalization stocks rally strongly into year end, after underperforming most of the year. The S&P 500 fell into the close with a decline of 1.03% to 2,059.
Cannabis stocks were mostly quiet today as tax-loss selling came to an end. Let’s hope we are not so widely plagued with this headwind in 2015’s year-end. Both MJIC Marijuana Index and Benzinga 420 Marijuana Index managed to close on a positive note with a gain of 1.9% and 1.4%, respectively.
Daily Positive: The historic 2014 public cannabis market is now in the books.
Daily Negative: Let’s end the year on a positive note, so no negative comment today.
Time to start wrapping up 2014. Have a happy and safe New Year’s Eve! We are looking forward to a healthy and prosperous 2015. We will meet again on Friday!