|Bid||41.08 x 1300|
|Ask||51.12 x 800|
|Day's Range||49.89 - 50.43|
|52 Week Range||35.54 - 50.80|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.95%|
Trade tensions between the United States and China dragged the Dow down 200 points at Monday morning's market open after U.S. President Donald Trump introduced a 25 percent tariff on $50 billion of Chinese goods last Friday. After President Trump's opening salvo, China countered with a 25 percent tariff on $34 billion of U.S. goods. According to President Trump, Chinese goods affected by the tariffs include those "that contain industrially significant technologies." The affected 818 Chinese imports was worth about $34 billion--a measure that would take place on July 6.
ProShares, a premier provider of ETFs, announced today forward and reverse share splits on 20 of its ETFs. The splits will not change the total value of a shareholder's investment.
Seasoned professional traders typically understand the investment theory behind 'Sell in May and Go Away,' but it is not always that cut and dry. The procedure is to sell in May and buy stocks back in October, or at least after the summer swoon, and avoid the typical summer losses. In fact, we have seen solid summer market rallies in the recent past, since the credit crisis, and this has made the old adage lose credibility.