- PEJ holds 30 stocks across the Movies & Entertainment, Hotels & Resorts, and six other industries. This specialty ETF charges 0.55% annually, and makes for an interesting speculative play.
- The University of Michigan's Consumer Sentiment report is due on Friday. Preliminary figures indicate consumers' assessment of their financial situation is at the lowest level.
- Consumers want to spend, but ultimately will be limited by inflation. Businesses are racing to collect their fair share of consumer spending before the effects of higher rates are felt.
- History suggests that PEJ can significantly outperform its benchmarks, but that's most likely to happen after a recession has started. We're not there yet, and you shouldn't own PEJ while you wait for one.
For further details see:
PEJ ETF: Don't Count On A Fun Week