NEW YORK ( ETF Expert) -- Half of the largest U.S. corporations are missing revenue targets this earnings season.Non-cyclical sectors from health care to consumer staples are beating the pants off economic growth standouts like technology and energy. Trading volume is noticeably larger on down days than on up days. Treasury bonds are notching new 2013 peaks on safe-haven purchasing. Yet, the S&P 500 is currently within a percentage point of an all all-time high. I continue to recommend less aggressive dividend income plays like WisdomTree Equity Income ( DHS). Its 3.6% yield offsets some of the downside risks that have become parcel and part of second quarter trading. Moreover, its concentration in non-cyclicals (e.g., telecom, pharmaceuticals, staples, utilities, etc.) reduces some of the volatility associated with high-volume selloffs.