Here is an anecdote that highlights just how much low beta, stodgy stocks have been in style this year: On a year-to-date basis, just two members of the Dow Jones Industrial Average are up at least 10 percent. One is Wal-Mart Stores, Inc. (NYSE: WMT), the world's largest retailer.
That serves as a reminder as to why consumer staples exchange-traded funds have been popular with investors this year and, more importantly, why several such ETFs made all-time highs last Friday.
The Dow's other standout this year has been Verizon Communications Inc. (NYSE: VZ), which is up 15 percent. No need for a double take. A stodgy large-cap telecom stock has surged 15 percent in less than three months.
On the back of Verizon and rival AT&T Inc. (NYSE: T), telecom ETFs are participating in the low volatility ...
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