$SIDU $PLUG
PLUG and SIDU: I’m calling it—the bottom is in!! 🚀
The September jobs report was a major shift in the rate story: just 29,000 jobs added, unemployment up to 4.2%, and July and August revised down by a combined 60,000 jobs. Wage growth was only 0.1% for the month. That’s a labor market losing steam—and it takes a lot of pressure off the case for more rate hikes.
My call: no more rate hikes for the rest of this year. If inflation gives way in the next reports, rate cuts move back into the picture—and that could be a powerful change for small caps.
PLUG and SIDU have taken a beating. I believe the downside is getting exhausted, and the setup from here looks a lot different if rates stop moving against us. I’m holding my ground: I believe we’re at or near the bottom.
Small caps can move fast when the pressure lifts. I am locked and loaded for the long hold.
#PLUG #SIDU #SmallCaps