This week in the markets
- US stocks were up Thursday, possibly due to the release of the latest jobs report and other data suggesting a strong US economy. The report may have helped alleviate concerns over continued trade tensions between the US and China.
- Cannabis stocks increased Tuesday after the US Drug Enforcement Administration (DEA) approved plans to import a marijuana product to potentially treat neurological disorders.
- US defense stocks hit an all-time high on Wednesday, driven in part by heavy defense spending.
How did the markets fare? Well, the DJIA was up 1%, the SPX was up .8%, and the Nasdaq Composite Index (COMP) was up .98%, all at Thursday's close. Looks like investors may continue to have a positive outlook. The Vanguard Total Stock Market ETF (VTI), in which MoneyLion Plus members are invested, was also up .77% Thursday. Keep investing those dollars into your Plus managed investment account!
Cannabis stocks continue to grow
Cannabis stocks saw an increase all around on Tuesday after news that the DEA had approved a proposal to import a marijuana-based product and test its efficiency in treating neurological disorders. Tilray Inc. (TLRY) has already made plans to start clinical trials of cannabis in treating movement disorders or tremors.
Will Wall Street’s obsession with marijuana stocks fizzle out or stay strong? Only time will tell.
Defense stocks hit an all-time high
The US Aerospace and Defense Exchange Traded Fund (ETF) hit an all-time high on Wednesday, which brought it to a 16% increase in 2018. Companies who create defense-related products like Boeing and Raytheon have outperformed the markets this week. Both of these companies are also part of the VTI ETF in which MoneyLion Plus members are invested. Sounds like wins across the board!
And now for your weekly ==Lionomics== wrap-up. 🤓
Lionomics: Finance made easy
This week, we learned about ==compounding interest, the world's 8th wonder, which allows your initial investment to generate returns that grow exponentially. Check out this **chart**== to see the major impact of compounding over time. We also learned how many investors use ==investment returns== (a percentage change in the total value of an investment over a period of time) to measure performance.
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