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home / news releases / SPY - PHO: Pay Close Attention To Valuations


SPY - PHO: Pay Close Attention To Valuations

  • Since my previous article, PHO lost ~22% vs. a loss of ~16% for the S&P 500 and has clearly underperformed the market.
  • Investors' sentiment is shifting from the ESG trade to stocks that can shield them from geopolitical and inflation risk. This might reinforce some of the negative trends we are seeing.
  • PHO is trading at over 20x earnings which makes it overvalued given how high the CPI is at the moment and how fast rates are rising in the US.

For further details see:

PHO: Pay Close Attention To Valuations
Stock Information

Company Name: SPDR S&P 500
Stock Symbol: SPY
Market: NYSE

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