|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||216.15 - 217.66|
|52 Week Range||178.64 - 221.68|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.17%|
The sharp decline last Thursday was blamed on rumors of another White House resignation but the technical studies had warned of such a drop early in the week. The lack of additional selling on Friday is keeping many complacent but are there really any signs the correction is ending?
This time, it was nationalist firebrand Steve Bannon. Rumors of his departure at mid-day drove a surge of buying interest before confirmation of the departure drove concerns Trump’s foreign policy could now take a more aggressive turn (Bannon was a strong supporter of non-interventionism). In the end, the Dow Jones Industrial Average lost 0.4%, the S&P 500 lost 0.2%, the Nasdaq Composite lost 0.1% and the Russell 2000 lost 0.1%.
Bond yields are at a historic lower level, and emerging market bonds are yielding lower than high-yield bonds.