Derf, With the recent inflation numbers coming in higher than expected, and analysts pushing back their Fed % pivot date from June to July or later, the interest rate sensitive sectors in particular have sold off significantly today. Oh well, so much for my 'buy small caps, REITS, utilities' strategy lol. But the CPI and PPI numbers are just for one month, so we'll see how things look in the months ahead.
Anyway, while liftoff for the % sensitive sectors might be delayed, these still seem like logical areas to be in for the next several years as % rates gradually trend lower. But the techs and growth sectors should also do well in that environment, so one solution ---> own the S+P 500 and get all sectors :o)
Btw, I see ADM is still above the 50 MA. It didn't quite reach 60 intraday, but pretty close. My solar plays ENPH, FSLR are looking weak, as these are particularly sensitive to % rates, so looks like the recovery will be delayed. I only own a few shares though.
Just curious if you are still in SMG? The chart setup does look interesting, though I figure the cannabis landscape may have to improve to really get a recovery going. Here's some info on SMG's Hawthorne unit (next post), and looks like they are working on it to become a separate company.
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