The Base Effects of Energy ETFs

We get exposure to financials in a little different way than a lot of people think of because we're so used to thinking of financials as the banks. We like fee-based businesses that are not taking all the risk on their balance sheet. So they have huge earnings power without a lot of the volatility that some of the big investment banks have. And really, the commodities have not been a big tailwind; oil prices have stayed somewhere between the high 60s and the high 70s all year. You have great earnings power. As another key metric for real estate is apartment rates hitting its highest level since before the pandemic. Good news for renters, but not so much for apartment