Filter THIS! Time compression.

Today”s one thing is… Compression.

The first month of the year”s last quarter is over its hump. Usually, the focus right now would be on the quarterly earnings announcement onslaught. This year, that attention is being diverted by the market”s unusual price action.

This, too, shall pass.

Usually, getting over the first week”s hump of quarterly earnings would move it to the back burner. The market”s focus would then shift forward to year-end matters. 

Don”t expect the market to push back everything on its schedule, just because an unusual item inserted itself. I”m expecting the market”s focus to get back on-track, and back on schedule. 

So, when — not if, but when — the broader market”s current decline finds its footing, then the market will deal quickly with its responsibilities. Among them is to retrace tax loss selling pressure, the share sales motivated for reasons other than fundamental investment opinion.

It”s not here yet, and maybe not even from here, not in general. At least, I don”t think it is, although I”m seeing stocks here and there behaving as if it has arrived for them. Before acting on our preparation, we must first become prepared. That time is now.

Prepare for the compression, when markets make try to make up for lost time.

Filter THIS! …is a missive that tells you one thing, the most important thing, if you had to filter your view of today”s marijuana stocks price action through just one thing — okay, sometimes two — what would that one thing be?