Another changing of the guard day as money flows out of growth and into all the areas that were lagging. FINANICALS, COMMODITIES and all the COUNTRIES we were telling you to avoid. This is why you see the DOW now leading and other areas lagging. We suspect this is going to continue. When you have a chance, look at EEM, EFA, FXI and other areas and see that a decent low may be in. The same for GLD/GDX and XME.

Again, on the other end…growth has become extended, over-owned, over-leveraged, over-loved…may need some time to build new bases.

As far as TLRY…it is expensive at the IPO price. Good luck! Don’t be the last one in.