The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the “Portfolio”), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.
The S&P 500 posted its fourth consecutive weekly gain after notching a new all-time high this week. The index is currently up 11.82% year to date and has recorded a new all-time high 23 times this year.
The market anticipates rate drop and AI boost for bull market. The inverted yield curve and commercial real estate depression are concerns. Daily, weekly, and monthly charts show bullish signals, with price at a new high.
The SPDR S&P 500 (SPY) and Invesco QQQ (QQQ) ETFs are doing well as they sit at their all-time highs. SPY has risen for three straight weeks and is trading at a record high of $530 while QQQ has soared to $452.
The SPDR S&P 500 SPY reached a new all-time high of $526.80 on Wednesday after the Consumer Price Index (CPI) showed inflation pressures eased in April.
The SPDR S&P 500 SPY reached a new all-time high of $526.80 on Wednesday after the Consumer Price Index (CPI) showed inflation pressures eased in April.
Since the end of April, there have been more discussions of whether investors should concentrate now on growth or value stocks and ETFs. This focus became more relevant as many growth-dominated ETFs like the Consumer Discretionary (XLY Consumer Discretionary Select Sector SPDR Fund ) have not risen as fast as the Spyder Trust (SPY Principal Shareholder Yield Index ETF SPDR S&P 500 ETF Trust ).
After seeing their third-largest weekly outflow on record, money markets have recorded three straight weeks of inflows. Mixed-assets funds was the only group to suffer outflows. Spot bitcoin ETFs saw an inflow a week after seeing their first outflow since the products launched.
The S&P 500 posted its third straight weekly gain for the first time since early February. The index is currently up 10.12% year to date and now sits 0.60% below its record close from March 28, 2024.
We believe most of the SPDR® S&P 500 ETF Trust's risk factors are misinterpreted, and therefore, upgrade the vehicle to a Buy rating. The U.S. yield curve is expected to decrease, which could lead to a rise in credit spreads and the equity risk premium. However, we expect yield curve dominance. In our view, the SPY ETF's elevated CAPE ratio is justified by the growing representation of technology stocks and its robust earnings-per-share outlook.