|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||143.26 - 144.02|
|52 Week Range||114.88 - 144.25|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.20%|
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.
After Fed news (such as it was), dip buying kicks in.
Kynikos Associates has a huge position in the finance (XLF) sector. The finance sector represents nearly 84.7% of the firm’s portfolio in 2Q17.