SPY Stock Recent News

US stocks kicked off August with a sharp retreat as the Trump administration announced reciprocal tariffs on several countries – with levies ranging from 10% to 41%. A disappointing monthly jobs data (July) revealing ongoing labour market weakness added further to investor woes, triggering a notable decline of as much as 2.

JOET is a passively managed ETF offering exposure to 125 large-cap momentum stocks with robust quality. While JOET has delivered solid YTD performance, its total return since inception is still weaker than IVV's and those of a few quality-focused ETFs. JOET delivers robust quality and momentum characteristics, but IVV's holdings offer stronger revenue growth and capital efficiency.

Of the variety of market risks looming about portfolios, concentration risk deserves special mention. Inflation provides a persistent, stubborn specter, and geopolitical issues pose particularly painful, but perhaps smaller, risks.

The S&P 500 posted its largest weekly loss in over two months, falling 2.4%. This followed its worst day in over two months, a 1.6% loss on Friday after the release of the July jobs report.

Latest geopolitical developments have led me to see SPY's valuation risk is at its highest since the dot-com bubble. Traditional fixed allocation models like 60/40 equity-bond split are ineffective during current extreme market conditions. Unusual market conditions are often followed by wide swings in bond and/or stocks prices, offering unusual opportunities to dynamical allocation and alpha generation.

This article offers a top-down analysis of the S&P 500 Index based on sector metrics versus historical averages. Energy remains the top sector for value and quality, while materials, technology, and industrials are deeply overvalued. Invesco S&P 500 Equal Weight ETF (RSP) offers value characteristics, but has underperformed SPY recently due to mega-cap outperformance.

The Non-Farm Payroll announcement came out much worse than expected, and the revision numbers weren't good either. Because of this, the stock market in New York was hit hard.

U.S. dollar remains under strong pressure as traders react to economic reports.

Good Morning Traders!

This article provides an update on the monthly moving averages we track for the S&P 500 and the Ivy Portfolio after the close of the last business day of the month. The Ivy Portfolio The Ivy Portfolio is based on the asset allocation strategy used by endowment funds from Harvard and Yale.