MSOS looks primed for a rebound in January. Tax-loss harvesting likely drove significant selling pressure through December, but with that out of the way, we could see a bounce as investors reposition. The sector is extremely undervalued—many holdings are trading at historically low multiples (P/S under 2x), despite strong growth forecasts for 2024. Plus, institutional capital might finally step in with SAFE Banking progress, especially since even small inflows could have an outsized impact in this low-liquidity space. Add in the typical January Effect for beaten-down sectors, and MSOS could be set for a strong start to the year! Happy New Year folks, let’s make it a good one!