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How U.S. fundamentals are influencing XLK, XLU, and TLT

Tim Duncan retired last year after 19 seasons as a forward for the San Antonio Spurs. His nickname was “The Big Fundamental.” As nicknames go, it leaves a lot to be desired, but frankly it describes his game to a T. The guy played sound, fundamental basketball, which is considered boring in this world of SportsCenter highlights. Yet his career performance was the stuff of legends.

He retired with five championship rings, three Finals MVPs and two regular season MVPs, and as arguably the greatest power forward of all time. In addition, Forbes estimates he added about $300MM in value to the San Antonio franchise. Talk about a 19-year bull market!

When it comes to trading markets, it’s the Fundamental Gravity of a market that matters most. It’s not as much fun as perusing price charts, watching for abandoned baby candlestick patterns or those Fibonacci levels that the Illuminati love so much. And it’s certainly not as entertaining as watching gas bags talk about stocks while pushing buttons on a sound machine. Booyah!

But I can promise you this: nothing in this world, outside of central bank policy, has more impact on the direction of U.S. asset prices than the trajectory of growth and inflation in the U.S. economy. Nothing.


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Landon Whaley

Landon Whaley is the Founder and CEO of Whaley Capital Group. Mr. Whaley launched Whaley Capital Group in the aftermath of the 2008 Financial Crisis because he wanted to provide real value and a unique client experience in an otherwise highly commoditized industry. Whaley Capital Group delivers on this mission by following a rigorous investment strategy that is committed to a global macro-style of investing, while simultaneously providing a world-class, boutique-style client experience. You can contact Landon at: landon@whaleycapitalgroup.com