We continue to explore whether we are in the midst of an AI driven “Tech Bubble”. We continue to reject that notion for the present. Please come read why!
Narrations of a Sector ETF Operator | Weekly Market Letter, July 7, 2024 Read More »
Narrations of a Sector ETF Operator | Weekly Market Letter, June 23, 2024 I want to talk about time this week. Yes, the ubiquitous kind on which all our lives flow, but also of course the discrete kind, like the humble trading day, or the even more humble day. Depending on perspective and position, time
Narrations of a Sector ETF Operator | Weekly Market Letter, June 23, 2024 Read More »
The last 5 day % return and the MTD % return columns tell the story of 2024. The Tech sector is big and it is beating the market, and it is basically the only thing that is (with a nod to XLC which has been the very good YTD itself). Bearish strategists are starting to call “bubble” and will likely try to line-up against XLK, NVDA and anything else that is valued “too richly”. I was around back then in the “Tech Bubble” days. It was a very low-tech time compared to now, but it was also a time where the valuation gages of the stock market were far more stretched than they are now.
Narrations of a Sector ETF Operator | Weekly Market Letter, June17, 2024 Read More »
Softness in economic and fundamental data has been a boon to equity prices in this cycle because the US equity market has a herd of Unicorns in its midst at present. These Mega Cap. growers insulate the index from the vagaries of various weak economic data if the rate environment doesn’t completely choke out the consumer and thereby the broader economy. Keep XLK and XLC as cornerstones of the portfolio while the present inflation dynamic remains in force.
Narrations of a Sector ETF Operator | Weekly Market Letter, June 9, 2024 Read More »
This week we will start taking deeper dives into the big fundamental themes motivating our sector trades. An appreciation of the longer-term narratives may help us position to capture the biggest pieces of the pie and may help us be patient enough to do so. We will start with the Consumer Discretionary Sector as it offers a rich lens through which to view the economy.
Narrations of a Sector ETF Operator | Weekly Market Letter, May 27, 2024 Read More »
This past week started off with some ambiguity as a hot inflation print would have likely re-applied downward pressure to Tech shares and Growth shares more generally. But, as reality transpired, the table is now clearly set for the Bull. Rates have moved lower, and the Fed has the data points it needs to refrain from tightening any further at present.
Narrations of a Sector ETF Operator | Weekly Market Letter, May 20, 2024 Read More »
Cross currents have popped back up almost immediately to keep inflation expectations on the table and to put investors in the mood to position for recession, or at least something different than the Mag7. As a result we’ve seen some rotation into the Utes and into some of the more Value and pro-cyclical oriented sectors of the equity market
Narrations of a Sector ETF Operator| Weekly Market Letter, May 13, 2024 Read More »
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