Carson Sector BPI Portfolio Review: 2 September 2025 | ITA Wealth Management

September opens with an overview of the BPI portfolio of the Carson sector, one of the better performing accounts that have been monitored here at ITA. As shares rise or retain at a high level, it is many weeks ago that we last observed a sector in the sold -over zone. This is a time for patience, because we will eventually see a marking where one or more of the eleven sectors offer a buy option.

The current market is one that tests the BPI hypothesis sector. In “normal” times one would invest “non-sector” funds in VOO or a similar broad equity ETF. Dollars that do not work in one or more sectors would be used by investing in the broad market. But these are anything but normal times. The US stock market is overvalued and the rates still have to hit the market. It seems that investors count on the “Taco President” who has True to Form and pushes himself ahead as if everything is gold.

Industries that depend on discretionary money are no longer and point out that the general population lingers their money. Higher supermarket prices also eat in discretionary editions. When Buffett keeps billions in cash, it makes sense that ITA holds hundreds in the short term treasure chest.

Carson Security Holdings

The Carson has only one sector ETF, consumers staples. Instead of investing in the S&P 500, I place it in short-term treasuries (SHV). This morning I bought another five (5) shares with available cash.

Carson -Performance data

The cautious approach has a small negative influence on performance. Nevertheless, the Carson beats all benchmarks since 31/12/2021, but the gap closes.

Carson Risk Ratios

On a risk -adjusted basis, the Carson does not keep pace with the benchmark. We see this in both the Jensen and the information relationships. Pay the most attention to the data of Augustus, because it is too early to rely on information about September. The risk peaks are above their lows in April, so that is positive.

William Bernstein recommends saving and spending less

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