Never a fan of XLE – this Spider is heavily concentrated in two Oil Super Majors. Exxon and Chevron make up about 40% of this ETF. Exxon is a dud. Chevron is in the fight for Anadarko with Occidental. There is a risk it will overpay and counterbid. Although Chevron is a well-managed company, there are better investments with much higher yields. The other Supermajors like Total, Shell, and BP are yielding above 5% and are strongly positioned in the …
Month: May 2019
China is the largest holder of US Treasury bonds. Whatever we print and sell, China buys and holds as its foreign exchange reserve – a potent currency to fuel its …