Latest Stock Buy or Sell?

Inflation is persistent, hitting a 40-year high of 8.6% in the US, market volatility and a technical bear market in the S&P. Only energy is the only star this year; there remains opportunity here. The US Fed is hawkish with a 75-point rate hike. He doesn't feel a recession is imminent; the 3- month 10-year treasury spread doesn't indicate one, at least not in the coming 12 months though perhaps later. He has tilted his portfolio away from growth and into value. Canadian and US banks are an opportunity. Energy, materials and healthcare too.

DJ vs. S&P He prefers the Dow Jones over the S&P because it has slightly lower growth-stock weighting. DJ is 24% in tech and communications; S&P is 36%. DIA pays 2.7% too. This bear market is getting long in the tooth, based on history. We should see some recovery soon, like lower inflation numbers. There is some light at the end of the tunnel.

It pays around an 8% dividend. This holds not just US banks, but the selective covered-call ETFs index with 1.25% leverage, and you get an 11-12% distribution yield, but there is a 38% tech and communications weighting, so that's a warning. This is down 18% vs. the S&P. A new ETF.