While quiet, the market seems to be holding its own today. The S&P 500 posted a gain of 0.34% to 2,089. Small and microcaps outperformed their larger cap brethren with both indices continuing their December rally.
Daily Positive: Happy Friday Boxing Day! It is often tradition to go out and shop, which is always great for the economy and you can usually find good deals, but keep your pocketbook in mind.
Daily Negative: Extremely limited market activity today, also the Canada and the UK markets are closed.
Can you believe there are only three trading days left for 2014? We hope investors have enjoyed the holidays. This is a special time of year for us all to relax, spend time with families and reflect. Investors start making game plans and setting objectives for 2015. Even though the markets don’t care about the calendar year, investors do.
For 2015, we hope to see the cannabis space improve considerably, as we expect more turnover. We hope to see dozens of companies, those not contributing positively, to leave the space. We will also watch companies join the space. January is shaping up to be quite busy. It appears that a maker of home grower kits, Cabinet Grow may be the first out of the gate. The company recently filed its prospectus with the SEC and we believe they plan to be trading by the end of the first full week of January.