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SDY - SDY: When I'm Unsure What To Buy I Buy Quality
SPDR S&P Dividend
Summary
SDY continues to be a fund that has served me well in 2022. I anticipate a similar backdrop in 2023.
There are signs both corporate profits and the labor market are weakening. In this environment, I prefer companies and ETFs that focus on defense and quality.
The underlying benchmark that SDY tracks is not expensive by historical standards. This gives me some confidence it is a reasonable place to park cash.