Trade Alert For Equity & ETF Models
We are adding a little exposure to the portfolios for this reflexive rally which we will reduce as we start tax loss harvesting over the next two weeks. The goal is to keep reduced exposure overall. We are absent Financial exposure in the portfolio, and with higher interest rates, the Net Interest Income to banks is much more appealing. We are adding 1.5% to Goldman Sachs (GS) and increasing the SPDR Financial ETF by 1.5%.
We are also underweight in Communications relative to the benchmark, and we will be selling Verizon (VZ) for year-end tax reasons soon. Therefore, we added 1.5% to Comcast Communications (CMCSA) and 1.5% to the SPDR Communications ETF (XLC).
- Initiate a 1.5% position in Goldman Sachs (GS)
- Initiate a 1.5% position in Comcast Communications (CMCSA)
- Add 1.5% to SPDR Financial ETF (XLF)
- Add 1.5% to SPDR Communications ETF (XLC)
Lance Roberts is a Chief Portfolio Strategist/Economist for RIA Advisors. He is also the host of “The Lance Roberts Podcast” and Chief Editor of the “Real Investment Advice” website and author of “Real Investment Daily” blog and “Real Investment Report“. Follow Lance on Facebook, Twitter, Linked-In and YouTube
Customer Relationship Summary (Form CRS)