Origin House (fka ORHOF)

[JohnCM]

There was plenty of froth and overvaluation to get knocked of the top of the triple vente cannabis latte.

We have had 2 runs at it lately.

I hate to think the we have to give it another go, crushing the cannabis sector yet again to remove excess euphoria.

And now it is earnings season. For the most part we are seeing tremendous revenues. At the same time huge build-out costs, see MEDMEN. But the revenue is there for all to see.

I see this as a neutral trading environment.

Now it is up to the big board. Like it or not, it appears the DOW and NASDAQ are the dogs wagging the MJ tail. Perhaps FANG is more overvalued that the MJ sector? Don't know, but I am rooting for the DOW to stabilize and hold 25,000.

I think we will see a slowdown in rate hikes. I feel the housing market rolling over a bit. This would help the markets overall.

The bear inverse housing ETF probably had a good day.