Brooke Thackray
Materials Select SPDR Fund
XLB.US
TOP PICK
Mar 21, 2022
The Canadian materials fund holds about 70% gold whereas the U.S. materials fund holds about 70% chemical stocks and maybe up to 10% gold, so they are very different. This U.S. fund is more of a cyclical economic play. The economy is doing well but may weaken.
(A Top Pick June 30/17 Up 8%). It is at the heart of the pro-growth market theme. He wants to see it hold at these levels and as it is at key support. He would accept a 3% violation of this support level before looking to cover.