Daily "market" summary presented in easy to digest format.
First, the quants. The churning in ye olde HSKAX continueth, compliments of fund manager JP Morgan. The index has hit the year low. Some investors are asking themselves, why keep on paying a 5.25% Front End Load and 1.96% in total expense for a 0.25 sharpe ratio? And the kicker: an inflation adjusted 10 year expense projection of $4,336 for a $10,000 investment.
Next, the heat map. As expected - garbage up, non garbage down. For implications: see above.
And lastly, of course, SPY advertised volume, presented without comment. We are still waiting for a response to our previous inquiry.
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