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Dave Nadig
2:24
I saw that launch - its a version of their moving-average "flipper" strategy that moves between cash and an underlying equity strategy.
2:25
in this case the fund (PTIN) uses the index you mentioned, which isn't anything all that fancy: its just all the developed world but the U.S. without any extra currency shenanigans.  It includes canada, which makes it slightly unique.
2:26
But its the same index that the State Street fund tracks: SPDW
just with the added "in or out" flipping methodology that goes to cash based on momentum signals.
Core Investor
2:26
Is BBUS a good core holding? 2bps is pretty low! Or is something like VV a better Large/Mid or VTI/ITOT for all cap?
Dave Nadig
2:27
BBUS is definately a "LMID" strategy, and you can't argue with the price.
The only real caveat is to be careful trading.  Its doing fine, and the spreads are reasonable, but its still relatively low volume, so just be careful to use limit orders going in or out.
As for VTI/ITOT.
2:28
Its wrong to think that they add a LOT of anything to something like BBUS
while BBUS has basically no small cap, VTI only adds a few percent of small cap, and a few more percent of mid cap
So they're not dramatically different.
OK, last question here:
Donald
2:28
Can the Fed specifically do anything about inflation? (Or recession?)
Dave Nadig
2:29
Nope.  The fed (and the treasury, and the IRS, and congress, etc. etc.) can really only wield blunt swords from the sidelines of the battle.  The battle always happens in the giant scrum that is the marketplace.
2:30
So they can try and pressure things:  raising interest rates to slow down the flow of capital, which theoretically can keep prices lower then they might be, and so on.
But I think (and this is just my opinion, which many disagree with) that the press and the markets tend to overestimate the actual causal effect of the fed.  The short term reactions are far more violent than I think are justified.
2:31
With that bit of prognostication I'm going to wrap.  Sorry if I didn't get to you, but we'll be back on our somewhat-normal Thursday time slot next week.
Have a great weekend everyone, and thanks for joining us!
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