$S&P Global(SPGI.US)

Context: SPGI sits behind many important parts of the financial system, from credit ratings and market intelligence to indices, data and analytics. Its diversified business model gives it exposure to several recurring sources of revenue, while the Ratings business can benefit when debt issuance picks up.

My trade: I’ve been building my position gradually during the pullback.

Takeaway: I’m comfortable adding in small amounts rather than trying to catch the bottom. I’m looking at SPGI as a long-term compounder, while keeping an eye on valuation and the more cyclical parts of the business.