Market Close
November 12, 2026 · 9:15 PM UTC
Close: Cannabis Ends Session Sector Treads Carefully
Session closes with the following read. Cautious tape with VIX at 18.8, 10Y at 5.12%, S&P -0.3%, DXY +0.2%. Mixed tape across the 326-ticker cannabis universe — 58 advancing, 67 declining (46% up). Leaders and laggards: INM +27.9%, RVV.V -22.0%. Analyst consensus tilts bullish — 43 Buys, 5 Holds, 7 Sells. Widest implied upside: QNTM to $8.00 (+352%). Elevated short interest concentrated in CGC at 10.9 days-to-cover.
CIN TAKE
Analyst conviction is building faster than the macro will allow it to be paid. Buy-side upside targets look right on 12-month math but wrong on 12-week timing. Selective, catalyst-anchored positioning only — no broad-beta adds until macro cracks lower.
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 →