The reality of the U.S. employment picture is that it may be a very long time before the people who long for a "daily grind" get the opportunity again. Without a better participation rate, the U.S. economy and other developed world economies will see undesirably slow economic progress. If there's good news for investors, it's the fact that leaner, meaner multi-national corporations can still be quite profitable, selling their products and services in emerging nations. For that reason, companies that are growing their dividends in Vanguard Dividend Appreciation ( VIG) remain a "buy" for portfolios requiring a bit more equity exposure. (Note: Pay attention to the 200-day trendline.) Of course, the "muddle-through" scenario for the U.S. (and other developed world economies) still has an uncomfortable itch or two. Italian 10-year yields are still north of 7% and the euro-dollar is testing 52-week lows. The CurrencyShares Euro Trust ( FXE) is "unbearably" far from its 50-day moving average, and yes -- pun intended.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Dividend Appreciation ETF where we have detected an approximate $40.6 million dollar outflow -- that's a 0.2% decrease week over week (from 263,419,332 to 262,919,380). Among the largest underlying components of VIG, in trading today Monsanto Co.