The Market is down this morning, but the recent pattern is for the stock market to strengthen towards the end of the trading day. It will be interesting to see if that pattern holds today, but it really does not make too much immediate difference to us because we only have a 20% position in stock ETFs. The remainder is invested primarily in low-volatility high yield (junk bond) mutual funds that tend to react very slowly to changes in the market environment. A major shift in the environment for stocks would affect junk bond funds, but it would likely take a week or two before there was enough effect for us to even become concerned. That is what makes these low-volatility funds are so attractive when they are trending up.
(Click on ETF Definition below to enlarge for easier viewing)
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