Reverse Engines
The last will be first and the first will be last—at least over the short term. Through Wednesday night, stocks are down for the month and sectors that have outperformed are now underperforming, and vice-versa.
Read More »A Second Vanguard Money Market Fund Hits the Near-Zero-Bound of 0.01%
And another one down! Money market fund yields have been headed lower across the industry since the Fed cut the fed funds rate in March to 0.00% to 0.025%.
Read More »Splitting Headaches
The bifurcation between stocks that are soaring and stocks that are lagging was mirrored by the economy in August.
Yes, the S&P 500 index hit seven new highs during the month as its mega-cap tech constituents like Apple and Amazon soared, but other stocks couldn’t keep up.
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Daniel P. Wiener is editor of The Independent Adviser for Vanguard Investors, a monthly newsletter that keeps abreast of recent developments at Vanguard, and the annual FFSA Independent Guide to the Vanguard Funds. Through his newsletter and guide book, Dan helps tens of thousands of Vanguard investors choose wisely among more than 100 Vanguard mutual funds. The Adviser is a five-time winner of the Newsletter Publishers Foundation's Editorial Excellence Award. View More »