I honestly don't bet that any Trumpy MAGA types today would identify with the Woodstock crowd, though. I just re-watched "The Big Chill." AGAIN, I watched it. I'm way past memorizing the whole thing. Marvelous film. Hippie generation friends reunite for the funeral of one of them who died. I don't want to include any spoilers here. I think, though, that the script was inspired, like the frikkin' bible! grin and giggle..... The characters all had to deal, alone and collectively, with the LOSS of the utopian idealism from the Woodstock days. And as singer Dan Bern expressed it, we "settled for making a little money." Free love is taken for granted now. And weed. But I don't think that's any "great shakes." Hardly profound...... My impression is that the Trumpster-ites feel much more at home in a conservative, maybe bourgeois, consumerist, capitalist, flag-waving world which worships the dollar and wears US citizenship as a badge of honor---as if most of them actually selected it. Hard work as a measure of one's value. And if your hard work doesn't improve your lot--- what's WRONG with you, then? And we SURE don't want to be extending Southern Baptist traditions like GENEROSITY and TOLERANCE!" (Reference Lewis Braham's citation of the South. Baps, above.)
At the gym last week, a fellow who happens to be black was starting-up a conversation with me, complaining about so many speaking Spanish. I replied: "As long as the US is going to OWN an island where they speak Spanish, then ya really have to admit that Spanish is going to be heard a lot, all around." His retort was that they ought to restrict it to P.R.
Jesus. Really? I was glad I was ready to go, and I did. Later, I had to ask myself whether this black man might be one who did indeed vote for the Trump monster, against his own best interests.... I will never know.
https://www.imdb.com/title/tt0085244/?ref_=nv_sr_1

A current article in The Wall Street Journal is reporting that "Many bonds around the globe are becoming harder to trade, prompting some investors to shift to other markets and raising concerns about a broad decline in liquidity."
"Liquidity, a measure of the capacity to trade securities without significantly affecting the price, has been a growing concern since the financial crisis. Traders say it has generally weakened across markets including stocks, bonds and commodities as the large banks that once kept these markets running have pulled back in response to limits on their risk-taking.
Recent episodes of extreme market stress in Italy and emerging markets have highlighted just how quickly trading conditions can deteriorate, exacerbating concerns that markets are becoming more vulnerable to a shock as central banks slow the stimulus they have supplied for a decade."

@LewisBraham. Ironically LBJ signed the Voting rights Act of 1965.

FYI: Money-market fund returns and other cash equivalents haven’t looked this attractive since before the global financial crisis.
That has some investors rediscovering the once popular destination for parking money during times of uncertainty, especially now with equities flirting with record highs and the Federal Reserve committed to raising short-term interest rates even more. No greater authority than BlackRock Inc.’s Larry Fink pointed out during a Bloomberg Television interview that cash equivalents are an attractive place to camp out.
Regards,
Ted
https://www.fa-mag.com/news/-old-guys-in-florida--likely-to-ponder-if-cash-is-still-trash-39853.html?print

Inflow into BBJP seems to be some what related to BBJP's lower fees (ER 0.19%). EWJ (higher fees) had outflows of .5B. Must be other Japan ETFs that also have seen outflows due to BBJP lower fees. Fees matter.
That said, I own HPJSX (ER 1.61%)...what's my problem? Performance matter more:

https://www.yahoo.com/finance/news/weve-got-3-years-bull-market-theres-catch-103019752.html
Enjoy this weekend read.
Derf

From the prospectus link above:
(1) ‘‘Acquired Fund Fees and Expenses’’ are the indirect costs of investing in other investment companies. The operating expenses in this fee table will not correlate to the expense ratio in the Fund’s financial highlights because the financial statements include only the direct operating expenses incurred by the Fund.
(2) The Fund’s Advisor, Shelton Capital Management, has contractually agreed to reimburse expenses incurred by the Fund to the extent that total annual fund operating expenses (excluding acquired fund fees and expenses, and extraordinary expenses such as litigation or merger and reorganization expenses, for example) exceed 1.25% and 1.50% until May 1, 2019. This agreement may only be terminated with the approval of the Board of Trustees of the Fund. Shelton may be reimbursed for any foregone advisory fees or unreimbursed expenses within three fiscal years following a particular reduction or expense, but only to the extent the reimbursement does not cause the Fund to exceed applicable expense limits, and the effect of the reimbursement is measured after all ordinary operating expenses are calculated. Any such reimbursement is subject to the review and approval of the Fund’s Board of Trustees.

Vanguard's VWIGX seems to out shine Vanguard's VTIAX:

@crash
The quote taken out of context is misleading as it only refers to short term munis. The article says that investors in the 15% tax bracket would benefit from long term munis.

it's getting good, funneling of dark foreign moneys, forget inflated real estate
https://www.nytimes.com/2018/07/20/opinion/republican-party-national-rifle-association-trump-russia.html
really good
http://nymag.com/daily/intelligencer/2018/07/andrew-sullivan-why-trump-has-such-a-soft-spot-for-russia.html
doomed we are
https://washingtonmonthly.com/2018/07/20/reaction-of-trumps-base-to-helsinki-is-a-forecast-of-things-to-come/
bingo
https://apple.news/AAsiMdKxYSwiAbir0eY52HQ
I trust this will qualify as one of those posts full of links and no comment, or whatever the complaint was.

I looked at GE. Then I remebered another old DOW paticipant, Kodak. Will GE also follow the bankrupcy path or will they take the innitial steps and have to sell off the only assets that that still make money? I think it's at least 50:50 on bankrupcy.

@MFO Members: Sticking with the funds I brought to the dance, MSOPX, TRBCX, IVV, QQQ, and PONCX. Why wouldn't I, TRBCX, MSOPX, QQQ are up over 15% YTD.
Regards,
Ted

I did very well owning an individual "zero" many years ago. If I recall correctly, I bought in '93 and it matured in '03. Good rate, over 5%. My initial purchase price almost doubled. Not quite. My own ethical filters just won't allow me to buy from the same source again.

FYI: ( If link doesn't work, Google article title.)
When Gary Greenberg graduated from business school in 1985, he had idealistic views about how investors could help open doors for progress in developing markets and beyond. “The only issue was finding anyone who would actually pay me to do that,” says Greenberg, who is 65.
Regards,
Ted
https://www.barrons.com/articles/alibaba-tencent-and-sustainable-investing-1531939543?mod=hp_highlight_3
M* Snapshot CVMAX:
https://www.morningstar.com/funds/XNAS/CVMAX/quote.html

So much depends on housing there. If you've owned your home for many years, you've got no mortgage and likely a tax bill of just a few $K/year courtesy of Prop 13, so you're likely well able to afford that $5 gallon of milk. (If you've got the $4M portfolio mentioned in the article, you could even afford milk baths.)
Under the old tax laws, you could have even downsized, say moving from Palo Alto to SF "for free". That is, back when you could transfer your basis rather than paying cap gains on appreciation over $250K/$500K, swapping homes in general wasn't a problem. And California still gives a one-in-a-lifetime opportunity to retirees to transfer their low tax base to their new home when downsizing.
There's even a new ballot proposition that would extend this tax break to older homeowners who want to trade up rather than down.
NYMag: California Ballot Initiative to Expand Property Tax Breaks for Wealthy Seniors Could Be Another Boon to GOP
http://nymag.com/daily/intelligencer/2018/05/ca-property-tax-initiative-could-be-another-boon-to-gop.html

FYI: Economic predictions are wonderfully useful...after the fact. A fund manager sent back to 1973 and stripped of his investment memories, save for knowing that inflation and commodity prices would soar for many years before subsiding, would thrash his rivals over the ensuing decades. He would be long commodities and short bonds, before switching to stocks in the early 1980s. Toss him a second tidbit--the 2008 housing collapse--and his victory would be complete. His fund would have the best 35-year track record in the business.
Regards,
Ted
https://www.morningstar.com/articles/873681/are-economic-predictions-ever-useful.html

FYI: "It’s no secret that the City by the Bay is one of the most expensive places to live in America," said Kimberly Foss, founder and president of Empyrion Wealth Management in Roseville, Calif.
Regards,
Ted
https://www.fa-mag.com/news/retire-in-san-francisco--here-s-the-minimum-portfolio-a-client-would-need-39835.html?print

I must admit that I think it will be good for some of the people born before civil rights to be gone. I grew up in MS Delta. The ratio of black to white even in the 50s was higher than average. The economy was such that all but the poorest whites could afford a private in-house employee that provided both cleaning and day care. Many whites resented welfare without realizing that welfare payments subsidized the affordability of their life style. A woman with children could qualify for welfare if their income was small enough. The welfare payment was too small so it created a need to subsidize her income. She was often employed in a private residence with an income paid under-the-table. The income was much, much less than minimum wage. In short, the welfare payment was also subsidizing the white employer. This is only one of the things that was lost with civil rights. My dad became furious when he was asked for minimum wage, payment to Social Security, etc. by people seeking private home jobs. He found his standard of living substantially lowered when he decided he could no longer afford a maid.
The "white" schools were integrated resulting in the establishment of "church" schools outside of town in the counties. Many whites moved to the "suburbs" along with the experienced teachers as the poor were left in the city. A private school was established inside the city with tuition high enough to exclude the poor. This expense exasperated the lowering of the white life style. The "white" school system became predominately black, without sufficient funding as many areas of the city became poorer and began to deteriorate.
During my last year living there (1970; I was 19) a young girl from a very poor family saw me walking down the street. She ran to catch up with me. She was in elementary school and an exceptional student. Her father was a drunk and her mother an invalid. The older kids and their wives and children lived with them. Somehow they survived. I asked the girl what her plans for the future were. As she turned and pointed back to her house, she told me that she didn't have any plans because she knew that no matter what she did she would end up "just like them". She was white; her family hated and looked down on minorities more than anyone I knew. During civil rights my friends and I found it remarkable that this need to feel someone else was less than oneself was a major factor in keeping all groups divided and powerless.

If you have access to M* premium and look at the holding data (premium), you can see how the top 100 holdings did. (You'll have to do this within the next dozen hours give or take, before M* updates the daily changes for Friday).
If you export this into Excel (with a slight bit of tweaking to separate the day change/pct into two columns), you can sort by day's change to see what the big movers were.
FWIW, top winners by pct were:
Danaher Corp DHR (healthcare, LCB), up 4.47% (2.92% of fund)
Thermo Fisher Scientific TMO (healthcare, LCG) 2.20% (1.02% of fund)
PerkinElmer PKI (healthcare, MCG) 2% (2.39%)
Waste Connections WCN (industrials, LCG) 1.70% (1.06%)
Enterprise Products EPD (energy, LCV) 1.50% (0.66%)
Aramark ARMK (consumer cycl, MCB) 1.33% (1.6%)
DTE Energy DTE (utilities, LCV) 1.24% (1.49%)
Eversource Energy ES (utilities, LCV) 1.09% (1.36%)
NiSource NI (utilities, MCV), 0.97%, (1.21%)
The table doesn't give day change info on the bond holdings, but generally bonds did well yesterday, e.g. PTTFX was up 0.21%. So that had to help as well. That's consistent with utilities being near the top of the list above (for reference, VUIAX was up 0.96%). As Swen noted, the fund is overweighted in utilities (8% vs. 3% for category/benchmark).
The fund is even more overweighted in healthcare (21% vs. around 11% category/benchmark). Three of those stocks are at the very top of the list above. PRHSX was up minimally (0.03%) on the day, though VHCIX was down 0.40% and VGHCX was down 0.29%, suggesting that healthcare subsectors are not all the same. The second largest holding of PRHSX is BDX, which was up 0.34%, and represents 2.72% of PRWCX.

Since the February 2018 lows FSUTX is up 15%. I'm not sure that FSUTX is a poxy for PRWCX's holding in utilities, but it points out that portfolio components, especially defensive components are what separate out successful funds and fund managers.
Manager bets are often quite different.
His WealthTrack interview is re-linked here:
HOW DAVID GIROUX DELIVERS STOCK MARKET PERFORMANCE WITH MUCH LESS RISK