[ASAP]

and here is a bit more where the actual jobs are coming from - led by leisure and hospitality (AKA starbucks pourers) and to no one's shock - government... where we are printing money at this point... multiple job holders are also up +5%

https://www.cnbc.com/2024/10/04/here...one-chart.html

[vreihen16]

Originally Posted by ASAP

everything about the current state of the economy is borderline comical and exactly nothing makes sense anymore...

As Judge Judy says almost daily, if it doesn't make sense then it's not true.

Also the reason why we fill our heating oil tank for the winter on the first Monday of every November.....

[other_evolved]

Originally Posted by vreihen16

Mark my words that a revised jobs report will be posted on or after 11/6.....

November 7th, actually. 3Q data revisions historically come out on the first week of November.

[DrVenture]

Originally Posted by vreihen16

Does anyone have an opinion on XAR in these strange global times? I like that Boeing isn't a major component, and the expense ratio seems lower than other similar ETFs.....

What I normally do is look at the components of the portfolio and see what, if anything, it has that I don't already own in another fund. I have a subscription to Morningstar, which allows me to look at my total portfolio and see exactly how much of any given stock that I own across my entire portfolio.

This fund's top 10% of holdings make up 47% of its total assets. In there I see Axon, Curtis-Wright, Lockheed, L3, RTX, Northrop, GE Aerospace and others.

Then I would look at the major players in terms of LT performance and fair market value.

I might buy the fund, or buy a few individual components. I already own RTX and might, for instance, buy Northrop and Lockheed. Looking at NOC & LMT individually, they appear to be fairly valued. One could perform a similar process on the other holdings.

Morningstar gives this fund a 3-star (average) Bronze rating. It is up YTD less than the S&P and outperforms over 1-yr. Not so much longer term.

I have owned several sector funds over the years and am now down to only 3 or 4 on the basis of long term performance. I only buy riskier assets when they outperform a typical large cap growth fund in the long term. Sector investing is often cyclical.

[DrVenture]

Originally Posted by ASAP

DrVenture

Fed is gonna be in a tough spot here lol -

https://www.cnbc.com/2024/10/04/trea...bs-report.html

Better them than me.

[DrVenture]

I enjoyed this article and I am a fan of Josh Brown's style. His opinions are interesting.

https://www.cnbc.com/2024/10/06/auth...d-to-know.html

[other_evolved]

Great Q3 that just wrapped up for the domestic indexes. I plucked this from one of the analyst groups we work with:

"In fact, of the 723 names listed on the S&P 500 Index and the S&P/TSX Composite Index, only 151 registered negative returns in the third quarter, while 489 of those names outperformed the S&P 500’s total quarterly return of 4.6% and 372 names outperformed the S&P/TSX Composite’s 10.5% gain. This is in stark contrast to what happened last year, at least in the U.S., where all the S&P 500’s gains through November of 2023 were generated by just seven constituent stocks."

Good to see broader performance attribution versus the Mag 7.

[DrVenture]

And with the recent release of slightly higher inflation, coupled with a tick up in unemployment claims, the stage is set for another rate cut, presumably 25 basis points.

Only a few isolated data points, but no big surprises.