Now, next we get to S&P Global. This is actually one of the ones that I think is a buy today. S&P Global is down big this year, primarily off of concerns of the SAS apocalypse, anthropic, all these things that make data easier to get.
And I believe a lot of this is short-sighted. S&P Global now trades at a 21 Ford PE, giving you downside protection. Yes, a stock can always go lower, but it's difficult when the stock is trading at a a low valuation already with really good economics.
We have other indicators. For example, the ETF assets under management continues to grow. This is in trillions. So they had $3 trillion in assets under management linked to their ETFs.
Now they have 6 trillion. So more and more assets are getting linked to different Dow Jones indicy ETFs. There is concern that S&P Global will do poorly because when interest rates go up, less debt is taken out, but that's temporary.
Companies have to issue debt. They have to renew it. Otherwise, they're going to just pay off all their debt. That's not going to happen. So in any case, I believe S&P Global is a buy today.