New Positions Are Warranted, But Defensive Sector Strength Signals Modest Caution (The ETF Trader And Investor For The Week Of 10/5-10/9)

This column assumes that ETFs are the primary investment tool for the reader.

Please see my weekly market summation for a review of the macro-economic environment and general macro-level market trends.

Investment thesis: the macro-averages are now in a bullish posture; it’s a good time to take a new position. But be careful; defensive sectors are starting to rise, indicating traders are a bit more cautious.

Let’s start by looking at last week’s market activity, beginning with the treasury market:

TLT 5-day

The treasury market moved lower on Monday and then traded sideways for the rest of the week. Volatility was higher on late Tuesday and Wednesday as the market digested the whipsaw activity regarding additional fiscal measures. Also note the sharp sell-off and subsequent rally on Friday, likely due to additional fiscal talk.

SPY 5-day

SPY trended higher for the entire week as shown by the central tendency line

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2 reports offer mixed signals for US technology jobs in September

CompTIA’s tracker shows overall gains but IT-related job losses. BLS shows a second consecutive month of growth.

Woman in front of laptop

Image: nesharm, Getty Images/iStockPhotos

A new jobs’ report shows a mix of good and not-so-good news in the IT sector, with employment gains and disappointing news in IT occupation job losses, according to analysis by the nonprofit association for the global technology industry CompTIA, in its IT Employment Tracker for October.

This was confirmed by the monthly data from the US Bureau of Labor Statistics (BLS), which noted that recovery from the COVID-19 crisis remains both unpredictable and uncertain. While many businesses are still operating in the new normal, some have fully returned to the office, others are doing some combination of the two. 

An estimated 12,900 new net workers in tech and non-tech jobs were recorded by the sector for its industry for September, the second consecutive month in which there was

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Mixed signals on president’s status

White House physician Sean Conley said Saturday he was “extremely happy” with President Donald Trump’s progress since going to the hospital with a coronavirus infection. 

Trump went to Walter Reed National Medical Center in Bethesda, Maryland, on Friday after experiencing fever and fatigue. Conley said Saturday that Trump had been fever-free for 24 hours and that he did not need any supplemental oxygen.

Trump announced early Friday that he and first lady Melania Trump had tested positive for COVID-19 and were experiencing symptoms. 

In contrast to Conley’s rosy assessment, a source with knowledge of the president’s health said, “The president’s vitals over the last 24 hours were very concerning and the next 48 hours will be critical in terms of his care.”

“We’re still not on a clear path to a full recovery,” the source said. 

More than 10 people who were in close contact with Trump or White House 

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Google abandoning a new Dublin office signals change

Google signage.

NurPhoto | Getty Images

When Google announced last month it was pulling the plug on a lease for a new office space in Dublin, Ireland, it set off alarm bells.

Google is a large presence in Dublin’s “Silicon Docks,” where it holds its European headquarters, a part of the city around the docklands area where a who’s who of Big Tech are located, including Facebook, Twitter and Airbnb.

But during the coronavirus pandemic and with the need for remote working, questions are being raised about the viability of large office spaces. Google said it remains committed to Dublin — where it has over 8,000 workers — and has purchased two more buildings that it still plans to fill.

The commercial property market in Dublin slumped in the second quarter as the country was in the depths of lockdown, according to real estate firm CBRE, which reported just 15

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A woman who says she broke multiple bones when she crashed an Uber scooter is suing the firm for failing to fit turn signals



a car parked on a city street: Irene Jiang / Business Insider


© Irene Jiang / Business Insider
Irene Jiang / Business Insider

  • A woman in Colorado is suing Uber for failing to equip rental scooters with turn signals after she allegedly crashed a Jump scooter in 2019, ending up with a dislocated hip and multiple fractures.
  • Her injuries have resulted in hours of surgery, according to the lawsuit she filed against the vehicle and delivery service giant.
  • Erin Norman, who says she crashed on a street in San Francisco in 2019, is accusing Uber of not fitting the Jump scooters with turn signals, despite designing them for use in cities.
  • Other defendants in the case are Neutron Holdings, which operates as Lime and acquired Jump in May, and manufacturers Segway and Xiaomi.
  • Visit Business Insider’s homepage for more stories.

A woman who says she dislocated her hip and broke multiple bones when she crashed an Uber rental scooter is suing the

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