Midday Update
November 10, 2026 · 5:30 PM UTC
Midday: Mixed Breadth as Macro Headwinds Persist
Midday check-in on cannabis tape. Risk-off backdrop with VIX firm at 20.8, 10Y at 5.01%, S&P -0.8%, DXY +0.7%. Mixed tape across the 326-ticker cannabis universe — 72 advancing, 53 declining (58% up). Leaders and laggards: SKYE +11.6%, APPS -35.0%. Analyst consensus tilts bullish — 43 Buys, 5 Holds, 7 Sells. Widest implied upside: QNTM to $8.00 (+262%). Elevated short interest concentrated in CGC at 10.8 days-to-cover.
CIN TAKE
Mixed signals across macro, breadth, and analyst layers argue for humility on directional bets. Selective positioning in names with concrete near-term catalysts is favored over broad sector exposure. Wait for one layer to break clearly 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 →