“Accept No Substitutes” (or Proxies) No, “Which companies are in S&P’s Homebuilders ETF?” isn’t a, “Who’s buried in Grant’s Tomb?” question. It turns out that a majority of stocks in the index don’t make homes — they make the things that go in them. That includes bed manufacturer** Tempur Sealy (3rd largest position); carpeting giant Mohawk Industries...Read More
S&P Breaks Ranks So, after the U.S. stock market was safely closed yesterday at the end of a tumultuous week, Standard & Poor’s did the deed: it cut its rating of long-term U.S. debt from Triple-A to Double-A. Its competitors, Moody’s and Fitch, are likely to follow in short order, much like gas stations or...Read More
