SPY Stock Recent News
SPY LATEST HEADLINES
During the shortened trading week leading up to the Easter holiday, a total of 10 new ETFs launched on the U.S. market. These include funds from BlackRock, Morgan Stanley, VanEck, Invesco, Eagle Capital and Inspire.
On Tuesday, Inspire Investing added to its ETF library with the launch of the Inspire 500 ETF (NYSE Arca: PTL) The fund has a low net expense ratio of 0.09%, on par with the cost of the largest ETF in the world, the SPDR S&P 500 ETF Trust (SPY).
The market is currently experiencing short-term Buy Signals, but longer term signals look overbought and toppy. Technicians rely on charts for Buy and Sell signals, and indications that they are changing, which in this case is from Buy to Sell. It is impossible to know all the factors driving the market, because some are known while others remain unknown. Thus we use chart signals to tell us.
AI automation has revolutionized various industries, improving productivity and profitability. Companies are adopting AI tools and have reduced headcount, leading to improved EPS. High unemployment can dampen consumer spending and lead to social and political unrest, negatively impacting the stock market.
The past week saw a total of 14 launches of exchange traded funds. Among them were ETFs from names including Pacer, Global X, Neuberger Berman, Bancreek and The Opportunistic Trader.
Earlier in March, I joined ETF Prime with Nate Geraci. We discussed the status of his 2024 ETF predictions.
Stock picking is an important part of investing and could supercharge your portfolio's growth. But starting off with just the right index fund is a great idea because it offers you a solid investment foundation.
Inflation was on the rise recently, but we've seen no SPY reaction to rising bond yields (market valuations have continued to edge up despite falling rate-cut expectations). The sharp rise in bullish sentiment recently is a sign of greed to me.
The surge in technology stocks raises concerns amid economic challenges, prompting caution and risk management. American consumers' reliance on debt has increased significantly, raising concerns about financial stability. Inflationary pressure, shelter and wage growth remain unfavorable, making it challenging for the Federal Reserve to achieve its goals.
This article has two goals. First, we want to assess how expensive the SPDR S&P 500 Trust ETF has become. Second, we want to suggest some of the alternative investment ideas if you agree that SPY has become too expensive.