The fiscal quarter was all red ink for the major indices. The S&P 500 declined by 3.6%, the DJIA fell by 2.6% and the NASDAQ Composite Index declined by 4.1% for the third quarter of 2023. The Gnostic Portfolio was…
Monthly Archives: September 2023
BJ’s Wholesale Club Holdings (BJ-NYSE, $71.51) Scoops Costco on the Hottest Retail Development Site in North Carolina.
The 100 + acre Southern Pines retail development is preparing to add BJs Wholesale Club to the list of prospective tenants. https://www.bizjournals.com/triangle/news/2023/09/13/bjs-wholesale-starbucks-morganton-park-south.html When completed, BJ’s Wholesale will report more locations in North Carolina than does Costco. Of perhaps greater competitive…
Posted in Open Blog
Mexico Displaces China as the United State’s Largest Trading Partner.
Mexico maintains position as largest trade partner of the US https://www.dallasfed.org/research/economics/2023/0711 https://www.bloomberg.com/graphics/2023-mexico-china-us-trade-opportunity/
Posted in Portfolio Model Subscription
The Pitfall of Cherry Picking.
“Two Heads are better than one.” “It Takes a village to raise a child.” “It takes 2 flints to make a fire.” “If you want to go fast, go alone. If you want to go far, go together“. These quotes…
Posted in Open Blog
Grupo Comercial Chedraui (CHDRAUIB-MX, $5.92) to be Added to the S&P/BMV IPC Equity Index Effective 09/18/23.
Effective September 18th, 2023, Grupo Comercial Chedraui will be added to Mexico’s representative equity index covering the top 100 companies in Mexico by market capitalization. Inclusion forces pro-rata equity participation by any passive fund or ETF that seeks to mirror…
Posted in Open Blog