Click here to read up on the intro to this portfolio, the theory behind it, and its methodology.
Friday’s jobs report was excellent, with 235,000 jobs created, unemployment declining to 4.7%, labor participation increasing, and wages growing 2.8% year-over year. That not just means that America’s economic growth continues to chug along nicely, but also that rising wages could lead to acceleration in the coming years, even if we don’t get tax reform this year (which is looking more likely).
As for our portfolio it’s taken a beating over the last two weeks, courtesy a major REIT correction, (the industry is down 6% due to the certainty of a March rate hike), as well as oil prices falling to $48. That’s due to rising US shale production that is putting pressure on our midstream MLPs. However, while this means that our portfolios lead over the market has shrunk, it also creates immense long-term buying opportunities that we’re making the most of.