I sold the Technology ETF (XLK) in order to reduce stock
holdings this morning. Markets still look shaky. Defensive holdings, like Utilities
and Consumer Staples, are outperforming the S&P 500 today by a long shot. Further,
XLK is no longer my top momentum play.
I only made about 1% in XLK, but the S&P 500 was flat
over the same holding period so I can’t complain.
This brings my stock holdings to about 45% of the total
portfolio.
