Investing

Despite 5 of the 7 constituents in the American Cannabis MSOs Portfolio releasing their Q1 financial report earlier this week the portfolio went DOWN 5.0% and is now DOWN 18.9% from its high reached on April 30th

The 7 AI categories tracked by munKNEE.com went up marginally (1.0%, on average) the second week of May after having gone down 0.4% the previous week. This article identifies how each category performed.

it appears to be déjà vu all over again! The Portfolio has already dropped by 30.5% since April 30th as a result of the 6.9% decline in the Portfolio last week.

The 57 constituents (54 when the 3 duplicates are removed) in the 7 categories above went DOWN 0.4%, on average, last week.

On average, the above 10 stocks were UP 7.4% during the first week of May but are now DOWN 7.6% YTD.

The munKNEE Small Cap AI Stocks Portfolio went UP 2.5% last week which outperformed the Global X Artificial Intelligence & Technology ETF (AIQ) of 91 constituents (which only went UP 1.5%) but is still DOWN 28.5% YTD,

On average, the Portfolio went UP 7.2% last week and is now UP 7.8% MTD.

  An original article by Lorimer Wilson, Founder and Managing Editor of munKNEE.com – a site for sore eyes and inquisitive minds and your KEY to making money . Introduction Below is how each of the 7 constituents in the munKNEE American Cannabis MSO Stocks Portfolio performed last week, in descending order, how well they performed as of last Friday, …

The munKNEE Conservative "Cannabis" Stocks Portfolio was UP 0.7% last week but was DOWN 3.1% in April (as of April 26th) and is now UP 4.1% YTD. In addition, the stocks in the Index now have an average dividend yield of 3.3%.

As the end of April approaches, will 2023 be another year where the “Sell In May” strategy works? While no one knows the answer, historical statistics, current economic indicators, and technical measures suggest some caution is warranted.