Investment Thesis
The Federal Reserve just put the pedal to the metal via an emergency rate cut. Yields on the benchmark 10-year Treasury note fell below 1% for the first time ever. Other financial markets such as industrials recently made history as well. Investors continue to reassess risks as stability is nowhere to be seen.
On February 27, the Dow Jones Industrial Average (NYSEARCA:DIA), an index that tracks 30 large publicly-owned companies trading on the NYSE and the NASDAQ, succumbed to its largest one-day drop in history per points basis - a decline