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1PMI through March 2017, industrial production through February 2017
Gross Domestic Product (GDP) is the monetary value of all the finished goods and services produced within a country’s borders in a specific time period.
A PMI reading above 50 signals expansion from the current growth rate, while a reading below 50 signals contraction from the current growth rate. | Sources: Haver, Wellington Management

Stat of the Month


Data Source: Morningstar, 5/17. YTD and 10-year average for VIX are through 4/30/17. VIX, commonly referred to as the “Fear Index,” is the ticker symbol for the Chicago Board Options Exchange (CBOE) Volatility Index and measures the market’s expectation of 30-day volatility. VIX levels below 20 reflect complacency, while levels of 40 or higher reflect extremely high levels of volatility.