In this issue:
Indexes: I break the stock market down to 2 types of indexes. Those which are breaking down, and those which are, for now, holding the Jenga tower together. I’ll name names below.
ETFs: for about a year, I’ve been saying to my live audience that there would likely come a point where I’d conclude as follows: “for most investors, knowing how to use between 2 and 12 specific ETFs, and mix of them over time is all they need. That point is now. I explain why.
Stocks: I did a study that concluded that less than 10% of the S&P 500 stocks have been “useful” to own the past few years. That might be the death knell for a lot of stock-picking. There’s a very reasonable explanation for that.
Other timely stuff: By popular demand, we are restoring an invigorated, high-impact, more actionable version of our original Substack site, ETFYourself.com
. More on that soon.
Plus, 3 quick thoughts on markets and the latest ROAR Score update.