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Investment thesis: with a positive economic backdrop and strong charts, the NYSEARCA:XLP is a buy.
Due to the rise of data showing that active management performs poorly over the long term, investors now use ETFs
Add The XLP As The Market Turns More Defensive
Summary
- The macroeconomic backdrop is positive.
- The XLP is performing well relative to the S&P 500.
- The charts are positive.
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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