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A roundup of what The Globe and Mail’s market strategist Scott Barlow is reading today on the Web

Morgan Stanley strategists Andrew Sheets and Michael Wilson are adamant that the outperformance of growth stocks relative to value stocks is stretched, and value investors are set to outperform. In a Sept. 27 report, they published four charts outlining this argument,

“@SBarlow_ROB MS: Value over growth in 4 charts (Sept 27)” – (research excerpt) Twitter

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I wasn’t surprised by the sharp drop in cannabis stocks Wednesday.

Previously, performance was dictated by how many investors wanted to become involved – it was a question of low supply of related stocks and high investor demand for participation. Soon, however, there will be actual revenue results for these companies which will allow initial fundamental valuations, and the stocks are likely to look extremely expensive with explosive sales growth already fully priced in,

“Shares of most pot companies sell off on 1st day of legalization” – CBC

“At the open: Marijuana producers lead TSX lower” – (Wednesday) Report on Business

“Toronto police to Canadians: stop snitching on your neighbors about marijuana” – Vox

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Crude prices dropped on reports of rising U.S. inventories. As the links below highlight, there is a lot to sort out in global oil markets at the moment,

“U.S. data drags oil lower; dollar up after Fed minutes” – Reuters

“4 Facts Indicate Oil Supply Won't Be Shrinking Any Time Soon” – Investing.com

“With few buyers, Iranian oil armada heads to China ahead of U.S. sanctions” – Reuters

“@chris1reuters Forecasts of demand for #OPEC #crude #oil have fallen steadily this year, while supply from the cartel has risen - @IEA “ – (chart) Twitter

“@chris1reuters World #oil inventories are rising across the board, after almost 2 years of deficits, with surplus building for the next 9 months at least - even with lower supply from #Iran” – (chart, table) Twitter

“Oil falls below $80 on rising U.S. stockpiles” – Report on Business

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Tweet of the Day:

Diversion: “What’s the damage (of that climate change cost-benefit model)?” – FT Alphaville

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