VHT & KBE secondary buy point

Did you notice how well Emerging Markets did today?

Is the gloom & doom of this market pullback over?  I HAVE NO IDEA.  [ hint: neither does anyone else, but ohhh do “experts” love to prognosticate with authority and conviction ]

I don’t know if this market will continue to fall apart and test its 200 day moving average.  But the key market indicators I monitor seem to be holding up.  So rather than trying to pick an exact top or bottom, I’m sticking with sectors that I think will do well over the long term.

Today I added to core portfolio holdings of Healthcare (VHT) and Banking (KBE).  I’m very optimistic about the Healthcare sector, especially since it has dropped nearly 10% following the announcement of a healthcare “industry disruptive” joint venture consisting of heavyweights Amazon, Berkshire Hathaway & JPMorgan.

The “disruption” panic is reminiscent of when Amazon announced it would buy Whole Foods.  The narrative was that this would “disrupt” the grocery industry.  Kroger stock fell more than 26% in a single day.  Seven months later, Kroger was up over 40%…so much for short term disruption.

Here’s the only investment advice I can offer:   invest with caution.

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The Robots are Coming: A Human’s Survival Guide to Profiting in the Age of Automation  available at AMAZON and all fine bookstores.

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