Floating rate securities will provide yield and stability in a portfolio even if interest rates remain range bound for the rest of the year, says Scott Page, portfolio manager for the Eaton Vance Floating-Rate Advantage Fund. Page says Wall Street is creating a lot of floating rate issues to meet the heightened demand, nevertheless, he says his experienced team is well trained to avoid lower quality credits. Finally, he says he is not seeing any red flags over a particular sector or industry issuing floaters, and since this particular debt is senior and secured, he does not expect many fireworks from floaters anyway.
More from Video
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.