|Bid||98.33 x 900|
|Ask||0.00 x 800|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||8.07%|
|Beta (3Y Monthly)||-0.01|
|Expense Ratio (net)||0.56%|
Here's my case for why stability and not continued weakness is my base case, an employment preview, and how I'm positioned now. In August 2018, the NFIB's Small Business Survey showed a net 34% of firms felt it was a good time to expand, an all-time high. Unemployment fell to 3.7%.
On Wednesday, the U.S. Federal Reserve concluded their two day March meeting. Despite a new Summary of Economic Projections (which includes the infamous "dot plot") as well as a press conference by the Chair, we learned little out of this meeting that the Fed hadn't previously communicated. The Fed is quietly making a major shift in their approach to monetary policy.
With the markets off to a solid start in 2019, investors are starting to dip back into the high yield waters. In fact, they dove in with $3.28 billion in flows the past week. This latest influx of capital ...