|Day's Range||140.20 - 141.53|
|52 Week Range||108.19 - 142.90|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.20%|
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In that vein, although the broader U.S. stock indices have traded with a sluggish upward bias of late, underneath the surface, we have continued to see meaningful group and sector rotation, which is what is keeping a bid underneath the broader stock indices. You see, over the years I have learned to divide the stock market into two general environments: A general risk-on/risk-off environment where correlation among stocks is high and the primary driver of market movements is a general appetite or avoidance of risky assets. This type of environment tends to take place around stock market lows or highs in any time frame (near intermediate- and longer-term), or around major news events.
Investors who have adopted a simple Risk Parity strategy of owning treasuries to hedge their equity portfolio have done well this year - though they faltered last week.