SPY Stock Recent News
SPY LATEST HEADLINES
Carry trades unwinding, unemployment data stress, or even rate-cut disappointment – whichever the cause, markets are selling and selling hard. Many key tech names that have helped lift the stock market have lost a notable portion of their gains this year to the sell-off.
Economic indicators are released every week to provide insight into the overall health and performance of an economy. They serve as essential tools for policymakers, advisors, investors, and businesses because they allow them to make informed decisions regarding business strategies and financial markets.
The market is tumbling on the compounded effect of cooling inflation and reinvigorated recession fear. The July CPI report set the market into motion, leading it to believe that interest rate cuts are coming, sparking a sector rotation that is evolving into a major stock market meltdown.
The economic picture is not as rosy as the FED proclaims.
A follow-through day sets up a certain expectation. When expectations are broken, it requires swift action.
Economic indicators are released every week to provide insight into the overall health and performance of an economy. They serve as essential tools for policymakers, advisors, investors, and businesses.
The inverted yield curve in recent months hasn't led to a recession yet, possibly due to big tech companies' influence and other reasons. However, the leading economic indicators are worsening - never before have the LEIs declined for so long without a recession.
SPY ETF is an index fund loved by many for good reasons. However, I do believe that the S&P 500 has several hurdles to cross given the current economic situation. In addition, there are many alternatives to SPY ETF which offer more portfolio diversification and/or cost efficiency.
SA analysts are optimistic about REITs due to an expected interest rate drop. REITs dropped more than the Russell 2000 and the equal-weight S&P 500 in response to interest rate increases. Future developments are far from certain; be cautious about a REIT rally.
Since my previous writing, SPY has become more attractively valued with an unchanged CAPE ratio but lower real interest rates. More importantly, the probability of interest rate cuts in 2024 has dramatically increased. Meanwhile, the Q2 earnings forecast points to double-digit annual EPS growth from the underlying companies.