Donald Trump officially signs the bill to reclassify cannabis from a Schedule I to Schedule III.
I had a weird feeling since Trumps first term he’d be the one to legalize weed. I feel like I was pretty close.
It isn’t total legalization, but it is a step forward. I’m curious to see how new change plays out across the states.
I would love to see cannabis be treated like alcohol and available at local gas station for legal adults. But, we have to start somewhere.
The United States has announced a $11.5 billion arms deal with Taiwan. The deal would include medium range missiles, howitzers, and drones.
The Taiwan government has pledged to raise defense spending 3.3% of the gross domestic product next year and reach 5% by 2030.
Trump requested they spend 10%, but the demand was pushed back by Taiwan’s KMT party and some of the population.
I think its important to note that Taiwan is home to the largest chip manufacturer TSMC. (Taiwan Semiconductor Manufacturing Company)
TSMC is responsible for over 60% of chips in the entire world and is one of the sole providers for chips in the AI field.
My interpretation here is that not only are we bolstering Taiwan’s defense against China, we are also trying to secure the chip supply chain.
The Magnificent 7 is made up of the following stocks all within the tech sector
These stocks made up 33% of the S&P 500 total market cap in 2024 and that continues to grow.
The secondary concern is the heavy investment in AI these companies will be doing in 2026. If AI doesn’t bring in a big return we could be in for a huge market correction.
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