Thanks to their lower cost and ability to trade during open market hours, Exchange Traded Funds (ETF) have been taking investment dollars away from actively managed mutual funds since they came into existence in 1989.
After setting a record 42 days without recording an up or down day in excess of 1%, albeit while notching incremental new highs, the S&P 500 Index is exploding up some 1.25% following Trump’s first speech to Congress.