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I had assigned a bullish rating to the iShares Core S&P Total U.S. Stock Market ETF in June 2020 when it was about $66. Well, it has gained 50% since.
The COVID-19 resurgence has placed the Fed in a tight spot. If it tapers, the economy will totter; if it keeps stimulating, which seems inevitable, the market will rise.
The ETF’s peer performance proves that it is more powerful than its constituents, and that is another reason why I’m still bullish about its long-term growth prospects.