"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
The president tweeted Friday morning that he was ordering "our great American companies" to "immediately start looking for an alternative to China."Marketsread more
Yields slipped after Powell said that the central bank will continue to act as appropriate to sustain the economic expansion.Bondsread more
Semiconductor stocks and shares of Apple slid on Friday after President Donald Trump said U.S. companies should "immediately start looking for an alternative" to their...Technologyread more
The two American car companies are among the top exporters of U.S.-produced vehicles to China along with BMW and Daimler/Mercedes-Benz, according to industry data obtained by...Autosread more
Powell repeats his pledge to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow.The Fedread more
President Trump again rips into Federal Reserve Chairman Jerome Powell, comparing him to Chinese President Xi Jinping.Politicsread more
China says the new tariffs will begin Sept. 1 and Dec. 15. That's when President Trump's latest tariffs on Chinese goods are to take effect.Marketsread more
These are the stocks posting the largest moves in midday trading.Market Insiderread more
In a volatile market environment, ETFs are one way to provide higher yields. But weeding through the vast universe of ETFs on the market can be an overwhelming process for many investors.
Which is why many turn to Paul Frank, manager of the Stadion Tactical Growth Fund, to do the heavy lifting. Today on CNBC's "Power Lunch", Frank said "The fund has an annual turnover of 225% so it is a very active management process. I personally look at 1,388 ETFs on an average day, before whittling them down to about a dozen names."
And Frank's tenacity has certainly paid off. Established in 2004, the Stadion Tactical Growth Fund, an ETF mutual funds, was rated five stars over three and five years by Morningstar.
Performance over the past year is 12.04 percent, the top three percent of its category.
"Right now, we are bullish on U.S. stocks, with 84 percent of the portfolio in domestics. But we've dialed down our bond exposure considerably. I was 26 percent in bonds back in October, but today, its just ten percent of the portfolio."
With an annual turnover rate of 225 percent, the fund is extremely active. "You have to be willing to make bold bets to get outsize returns," says Frank. "And even when we move into a defensive position, we rarely hide in cash. Our strategy is to remain overweight but selective.That means avoiding REIT, Utilities and Bond ETFs, preferring midcap, financials, telecom, consumer staples and health care ETFs right now.