Republican National Convention: Charlotte Event Cancelled

The Republican National Convention was planned for Charlotte, North Carolina.

However, party officials now say that the entire Republican National Convention may be relocated. That’s because the state of North Carolina has been unwilling to assure that the event will proceed

The Democrat governor has been hesitant to commit to a large gathering of people in August, due to the coronavirus.

The RNC is now looking at relocating the Republican National Convention to Las Vegas.

The Big News . . .

Goldman Sachs: 21% Unemployment

Goldman Sachs says that the unemployment rate is now at 21.7%. That’s the firm’s “real time” calculation of unemployment in America. The consensus estimate from economists is 19%.

Outbreak Sparks Great Cannabis Boom

Pot stocks are surging 70%, double the returns of blue-chip stocks. Americans are increasing consumption of cannabis and CBD during the pandemic. And it’s sending these stocks surging. Go here for my #1 stock to BUY NOW.

Germany Lifts European Travel Ban

Germany announced that it will lift its travel ban on European countries effective June 15. It will be replaced with travel advisories. This means the country will admit visitors from 29 European countries.

Unemployment in Europe Hits 7.3%

The unemployment rate in Europe ticked up from 7.1% in March to 7.3% in April. However, it was still down from 7.6% in April 2019. Many European countries have been paying businesses to keep employees rather than laying them off.

The Coronavirus Numbers

Here are the numbers from Tuesday at 9 a.m. ET:

6,484,151 Infected worldwide
383,109 Deaths
1,882,148 Infected in the U.S.
108,104 Deaths in the U.S.

What’s Next

Stocks continue to rally and recover from the coronavirus crash.

Maybe it’s the weather. Summer is here and Americans are getting back to work and enjoying the outdoors.

There’s great optimism regarding the re-opening of America. Here in Vermont, stores are busy. Lots of cars are back on the roads. And restaurants with outdoor seating are busy.

There are also hopes that more stimulus from Washington, D.C., will support the economic recovery.

One sector that’s been booming is legal cannabis. While the S&P 500 is up over 35% since the bottom . . .

Pot stocks have more than doubled those returns – with gains topping 70%.

This new bull market is just getting started.

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Yours in Health & Wealth,

Ian Wyatt