|Day's Range||214.68 - 215.51|
|52 Week Range||178.64 - 216.68|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.17%|
This week’s economic calendar will provide investors with two very important data points: the Federal Open Market Committee (FOMC) meeting on Tuesday and Wednesday that culminates with an announcement of monetary policy and the initial Q2 GDP reading on Friday. This week’s FOMC meeting and announcement are not expected to provide much in the way of excitement for the Street. The FOMC is widely expected to keep the federal funds target rate range unchanged at 1.00% to 1.25%.
We enter another week without a win on the pillars of Trumponomics (health care reform, tax reform, deregulation, infrastructure, repatriation). Can stick to the economy this week and avoid the getting pulled into the media narratives?
The Dow Jones Industrial Average is best represented by Diamonds. The S&P 500 is represented by Spiders. The Nasdaq Composite is represented by the QQQ’s, which is the Nasdaq 100. Transports can be traded using iShares IYT. Small caps are traded by iShares IWM for the Russell 2000.