|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||223.39 - 223.97|
|52 Week Range||178.64 - 223.97|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.17%|
U.S. equities drifted lower on Thursday in calm, controlled fashion in the wake of Wednesday’s decision by the Federal Reserve to start the process of “quantitative tightening” in October. As I said yesterday, this is a huge deal since it marks beginning of the end of years of bond-buying stimulus programs that have bloated the Fed’s balance sheet from around $800 billion to some $4.4 trillion now.
U.S. equities bounced around the unchanged line on Wednesday in volatile trading after the Federal Reserve, as expected, announced it would begin winding down its bloated $4.4 trillion balance sheet in October. The Fed, in what could be considered a hawkish outcome, also stuck to its expectation of another interest rate hike in December. In her post-announcement press conference, Federal Reserve Board Chair Janet Yellen admitted that the tepid behavior of inflation was puzzling, but maintained a focus on evidence of labor market tightness — something that historically has been a strong antecedent of wage-push inflation pressure.
I hear it from readers all the time: closed-end fund fees are just too high! And when you can get a passive fund that simply tracks the S&P 500, like the Vanguard 500 ETF (VOO), for a microscopic 0.05% expense ratio, it can seem silly to pay over 2% ...