VOTThere seems to be a cluster of support in the mid 100s. It is possible that this could hold for the foreseeable future (years).by zakkh3330
Growth Portfolios did not perform great today.The Investors Business Daily 50 ETF (FFTY) was down 0.5% while the major indexes were setting new records. The rotation was not friendly to growth stocks. Today's rotation was a bit strange because it was not a particular switch in Industry sectors (like Tech to Utilities) but rather a rotation from Mid Cap to Small, Large and Mega cap. Actually VOT (mid-cap) still had a small gain, but trended down the entire day. Why? There are two factors in my opinion. 1) The post-pandemic economy. Small Caps continue to get energy as they will benefit from a recovered economic situation in the US and have a high potential to be the next growth stock. 2) The weakening US Dollar. Large Caps (and their big sibling mega caps) would be the most likely to benefit from a weakened dollar as exports will become cheaper in foreign markets, increasing sales while and multinational subsidiaries revenues are more valuable as the repatriate to a cheaper US dollar. I could be misinterpreting but just trying to make sense of a day when the entire market goes up but a growth portfolio goes down. Thankfully, I still have my XLE (the new growth ETF lol) in play. by drewby4321331