Midday Update
November 2, 2026 · 5:30 PM UTC
Midday: Mixed Breadth as Cannabis Holds Steady
Midday check-in on cannabis tape. Neutral macro with VIX at 19.1, 10Y at 4.88%, S&P +0.6%. Mixed tape across the 326-ticker cannabis universe — 81 advancing, 44 declining (65% up). Leaders and laggards: MSOX +16.6%, WTER -21.7%. Analyst consensus tilts bullish — 44 Buys, 4 Holds, 7 Sells. Widest implied upside: QNTM to $8.00 (+235%). Elevated short interest concentrated in CGC at 11.1 days-to-cover.
CIN TAKE
Rangebound action continues with no macro edge to press. Position sizing should reflect the lack of directional clarity — smaller, catalyst-linked, and quick to reduce. Wait for either breadth expansion or a macro break before adding conviction.
Signal Context
Macro - Sector - AnalystMacro
Opportunities
Analyst
State Markets
Terminal · 38 StatesNightly-refreshed retail sales, tax collections, licensee counts, and wholesale prices for every state-legal cannabis market. Browse all state market data →