Heading into Thursday night’s final presidential debate between President Donald Trump and former Vice President Joe Biden, Biden has a commanding lead in most polls and online prediction markets. The stock market has a lot riding on the election outcome, but Sevens Report’s Tom Essaye said this week three industries in particular could experience some extreme Biden volatility.
Buy Cannabis And Cruise Stocks: The first industry that could get a significant Biden bump is cannabis.
A Biden victory could open the door for the decriminalization of adult-use marijuana, potential rescheduling and other federal cannabis legislation. The direct beneficiaries of this trade would be multi-state operators, but Cantor Fitzgerald said earlier this week Canadian legal cannabis producers could see “collateral benefits” as well.
Traders can pick and choose their favorite MSOs or Canadian LP stocks, or they can bet on Biden by trading the ETFMG Alternative Harvest ETF (NYSE:
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