The Vanguard Value Index Fund ETF (Ticker: VTV) has been holding up well during the recent selloff due to the fact the ETF is comprised mainly of “value” (think: risk-off) equities like JNJ, ABBV and JPM.
The rotation toward value began in earnest during the last week of May.
For those interested in this value-oriented ETF, a short-term forecast can be found below. The forecast provides expected stock price bias rather than magnitude-of-move during the periods of expected trend-change.
Expect the ETF to see the next bullish bias phase to commence near the end of June and lasting into mid-July.
Chart expands upon click.
