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The Retirees' Dividend Portfolio - John And Jane's July Taxable Account Update: Looking To The VIX Index

Published Mon, 12 Aug 2019 15:09:46 -0400 on Seeking Alpha

August is starting off on a pretty rough note even after the market received its expected rate cut from the Federal Reserve. With this, there have been suggestions that the S&P 500 could be headed south as major support somewhere lies somewhere between 2600 and 2800.

This means that I expect to see some interesting value propositions across a number of sectors. It has been a while since I looked at the VIX index (there isn't much need to look at it when the markets are acting normally) and I offer an explanation of the VIX index in my article The VIX To Rule Them All - And The 3 Value Stocks We Added In The Volatility. The key item to remember about the VIX index is that it serves as an "investor fear gauge" by tracking the calls and puts of the S&P 500.
Data by YCharts
What is most helpful about the VIX index is that a dramatic rise almost always correlates to a steep drop in the values of the greater market. Decreases in the VIX end up resulting in prosperous periods of time where the market steadily rises. Let's consider the following two images for evidence of what I'm referring to.
Data by YCharts Data by YCharts
As I mentioned before, the more intense the spike in the VIX index is the more pronounced the fall in the Dow Jones industrial average and S&P 500 is likely to be. The most recent spike is the largest we have seen YTD-2019 but is nowhere near the levels that we saw at the end of 2018 (at least not yet).
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Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
NEW RESIDENTIAL INVESTMENT 14.98   18.0 0.83 2.00 13.28
MACQUARIE INFRASTRUCTURE 39.63   34.2 1.16 4.00 10.04
ARBOR REALTY TRUST 12.77   9.1 1.40 1.16 9.21
WESTLAKE CHEMICAL PARTNERS LP 21.72   13.6 1.60 1.83 8.44
TANGER FACTORY OUTLET CENTERS 16.50   21.4 0.77 1.42 8.35
IRON MOUNTAIN 34.14   28.4 1.20 2.44 7.29
ALTRIA GROUP 44.46   13.2 3.36 3.36 7.23
HELMERICH & PAYNE 40.76   0.0 -0.68 2.84 6.74
BP 37.67   14.3 2.64 2.44 6.45
ENTERPRISE PRODUCTS 28.68   12.4 2.31 1.76 6.13
EPR PROPERTIES 77.15   22.8 3.38 4.50 5.84
AT&T 38.38   16.1 2.38 2.04 5.43
SCHLUMBERGER 36.90   24.6 1.50 2.00 5.34
SIMON PROPERTY GROUP 155.27   20.8 7.48 8.40 5.21
EXXON MOBIL 71.98   17.3 4.15 3.48 4.83
WP CAREY & CO 88.72   31.4 2.83 4.14 4.73
LTC PROPERTIES 49.71   18.6 2.67 2.28 4.63
WASHINGTON TRUST BANCORP 50.06   12.6 3.98 2.04 4.22
SOUTHERN COMPANY 59.99   14.0 4.28 2.48 4.19
RYDER SYSTEM 53.25   8.8 6.03 2.24 4.15
VERIZON COMM 60.43   15.8 3.83 2.46 4.04
CARDINAL HEALTH 48.48   10.8 4.51 1.92 4.01
LEGGETT PLATT 42.18   19.6 2.15 1.60 3.82
REALTY INCOME 74.49   56.9 1.31 2.72 3.69
GENERAL MILLS 54.09   18.6 2.90 1.96 3.59
MESABI TRUST 24.73   7.3 3.37 0.84 3.57
OLD REPUBLIC INTERNATIONAL 22.80   9.2 2.48 0.80 3.57
ARCHER-DANIELS-MIDLAND 41.45   17.8 2.33 1.40 3.47
CUMMINS 165.05   10.1 16.38 5.24 3.20
EMERSON ELECTRIC 64.71   18.4 3.52 1.96 3.02
CLOROX 160.20   25.3 6.34 4.24 2.68
JOHNSON CONTROLS 44.30   6.7 6.57 1.04 2.42
JOHNSON CONTROLS INTERNATIONAL 44.30   6.7 6.57 1.04 2.42
TEXAS INSTRUMENTS 130.22   23.8 5.47 3.08 2.42
UNITED TECHNOLOGIES 137.46   22.4 6.13 2.94 2.20
AIR PRODUCTS & CHEMICALS 220.67   28.6 7.72 4.64 2.17
DOVER 99.67   24.4 4.08 1.96 2.02
RAYTHEON 197.45   18.2 10.87 3.77 1.95
PARKER HANNIFIN 181.60   15.8 11.46 3.52 1.94
HORMEL FOODS 44.00   24.3 1.81 0.84 1.92
AMERISOURCEBERGEN 84.64   18.9 4.47 1.60 1.86
APPLE 223.08   19.0 11.73 3.08 1.42
MCKESSON 146.10   49.0 2.98 1.64 1.15