📈 Week in Review - Sectors to Watch

These are the sectors to focus on

Week in Review

Remember that the market is closed today for Good Friday.

That does not mean that we do not have economic data though - we have PCE releasing at 8:30 AM and Powell speaking at 11:30 AM.

Sectors to Watch

Let’s review the week and which sectors saw the most buying.

You can see that there are two key winners this week - MJ and GDX.

We are seeing buying in MJ (although the volume in the buying isn’t huge). VP Harris made some comments about wanting to legalize marijuana, and we also saw Germany legalize marijuana.

On the other hand, we are seeing a lot of buying in gold as a “flight to safety.” When we see volatility and uncertainty in the stock market, gold often rises as a safe way to deploy capital.

Other sectors to watch include: BLOK TAN and XLU. These represent cryptocurrency, solar energy, and utilities.

Watch this video for my analysis on the state of the market and stocks to watch: