Whenever I look at a broad, index-tracking ETF, I first look at the macroeconomic background to determine if the economy is expanding or contracting. I then look at the ETF's charts to determine if it's a good time to short (if
IWC: Still Consolidating; Hold Current Positions But Don't Add To It
Summary
- The economy is in strong shape; there are no signs a recession is on the horizon.
- While the IWC has performed well in the longer time-frames, it has sold-off a bit.
- The index is still consolidating.
Hale Stewart spent 5 years as a bond broker in the late 1990s before returning to law school in the early 2000s. He is currently a tax lawyer in Houston, Texas. He has an LLM in domestic and international taxation (MagnaCumLaude). He is the author of the book The Lifetime Income Security Solution. Follow me on Twitter at @originalbonddadYou can read his legal analysis on his law office's blog.
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